Amazing ways to deposit cash into someone's account

 

Depositing your hard-earned money in your bank account is the simplest protection approach. Banks provide security measures to protect your money, but you may also take advantage of other perks like extra money and exclusive deals. If you want to pay someone back or present some money to a family member any occasion, you might be searching for the easiest way to deposit money into their bank account. If you want to deposit the money electronically or in person at a bank office, several options are fortunately accessible. You can use digital bank to check your account balance. Let's see about the ways to deposit cash into someone's account:

Write a check

You may write a paper check and give it to the person. If you know the person's full name and account number, you can also go to a bank and ask the cashier to deposit the check into their account. Even if the number of banks that still accept check deposits into someone else's account is decreasing slowly. If you want to know the account balance, you don’t need to visit a bank or ATM you can check by use of your mobile phone.

Deposit cash at the bank

Entering a bank and informing the banker that you wish to deposit cash is the simplest way to transfer funds into someone else's account. The recipient's full name and bank account number are required to make the deposit. Cash deposits into another person's account, though, are forbidden by several institutions. Banks avoid handling cash since it can result in fraud. Double-check that the bank will let you do this before going into a branch to deposit money into a friend's account.

ATM Deposits

At the entryways of ATMs, there is yet another way to deposit money in banks. You can make a cash deposit using this electronic device without going through a banker. You must search for an ATM with this feature because not all of your bank's ATMs may have one. You only need your ATM or Debit Card and PIN to deposit cash. Choose the bank account type and number, enter the money into the machine's slab, and then take the receipt as proof of the transaction. Cash deposits can only be made at your bank's ATMs, as opposed to cash withdrawals, which can be made at any ATM owned by another bank.

Online transfers

There are other online fund transfer options available for making a bank deposit. You can use RTGS, NEFT, and IMPS payment services to deposit money into a bank account. While IMPS allows quick credits to recipient accounts, NEFT and RTGS fund transfers might take up to 30 minutes. For online fund transfers, net banking must be activated.

Third-party portals

These days, third-party payment platforms like digital wallets allow you to deposit money into your bank account. With these procedures, money is transferred via mobile applications and is immediately credited to the bank account associated with the phone number registered with the UPI and bank.

Winding up

The above-given information is about the ways to deposit cash into someone's account. If you want to open a digital bank account, you must pick the best account-opening app with the most up-to-date features that simplify your banking tasks.