AVForums

Our philosophy in our forums, reviews, podcasts and feature videos is to promote audio and visual excellence by gathering and sharing the best information and resources available.

Help

To begin please visit our help section »

Not a Member Yet?

It only takes a minute to start enjoying the benefits of AVForums membership, and it's free!

Member Log in

Paying Money into Someone elses account

Post Reply
Old 16-03-2007, 8:07 AM   #1
Prominent Member
 
tigermad's Avatar
Join Date: Jan 2004
Location: Bedfordshire
Experience Points:
13,972, Level: 28
Points: 13,972, Level: 28 Points: 13,972, Level: 28 Points: 13,972, Level: 28
Activity: 10.6%
Activity: 10.6% Activity: 10.6% Activity: 10.6%
Thanks: Gave 164, Got 123
Posts: 3,690
Paying Money into Someone elses account

Is it true that you can not pay money over the counter into someone elses back account any more?

I have a Nationwide account and my family have told me that their local branch will not let them pay money over the counter into my account?

Is this for real?
  Quote
Old 16-03-2007, 8:16 AM   #2
Senior Member
Join Date: Feb 2006
Experience Points:
17,997, Level: 32
Points: 17,997, Level: 32 Points: 17,997, Level: 32 Points: 17,997, Level: 32
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
Thanks: Gave 165, Got 317
Posts: 2,994
Re: Paying Money into Someone elses account

You can pay over the counter at any bank as far as I know.
  Quote
Old 16-03-2007, 8:18 AM   #3
Prominent Member
 
tigermad's Avatar
Join Date: Jan 2004
Location: Bedfordshire
Experience Points:
13,972, Level: 28
Points: 13,972, Level: 28 Points: 13,972, Level: 28 Points: 13,972, Level: 28
Activity: 10.6%
Activity: 10.6% Activity: 10.6% Activity: 10.6%
Thanks: Gave 164, Got 123
Posts: 3,690
Re: Paying Money into Someone elses account

Quote:
Originally Posted by steviela360 View Post
You can pay over the counter at any bank as far as I know.
Thats what I thought. Dunno what the local branch were talking about then!
  Quote
Old 16-03-2007, 8:22 AM   #4
Conspicuous Member
 
pixelpixel's Avatar
Join Date: Jul 2005
Location: Belfast
Experience Points:
24,034, Level: 37
Points: 24,034, Level: 37 Points: 24,034, Level: 37 Points: 24,034, Level: 37
Activity: 35.2%
Activity: 35.2% Activity: 35.2% Activity: 35.2%
Thanks: Gave 1,617, Got 1,181
Posts: 9,853
Re: Paying Money into Someone elses account

Could it maybe pay a bill ? As in giro slip bill

I know they have stopped you paying other peoples bills along with yours.
  Quote
Old 16-03-2007, 10:07 AM   #5
Member
 
BandWidthJunkie's Avatar
Join Date: May 2006
Location: Nottinghamshire
Experience Points:
3,101, Level: 13
Points: 3,101, Level: 13 Points: 3,101, Level: 13 Points: 3,101, Level: 13
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
Thanks: Gave 193, Got 115
Posts: 838
Re: Paying Money into Someone elses account

I do it all the time to my families accounts, one at Halifax and one at Alliance & Leicester.

Not sure why Nationwide would be different
  Quote
Old 16-03-2007, 10:23 AM   #6
Member
 
Logo Hater's Avatar
Join Date: Nov 2002
Location: Lancs
Experience Points:
4,037, Level: 14
Points: 4,037, Level: 14 Points: 4,037, Level: 14 Points: 4,037, Level: 14
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
Thanks: Gave 12, Got 27
Posts: 515
Re: Paying Money into Someone elses account

Within the last two months I payed some money(cash) into my sons Nationwide account at a local Nationwide branch. I cannot understand why anyone was told they couldn't.

Since when did any bank refuse to allow payments into them.
  Quote
Old 16-03-2007, 11:33 AM   #7
Conspicuous Member
 
Crocodile's Avatar
Join Date: Nov 2002
Experience Points:
15,104, Level: 29
Points: 15,104, Level: 29 Points: 15,104, Level: 29 Points: 15,104, Level: 29
Activity: 13.3%
Activity: 13.3% Activity: 13.3% Activity: 13.3%
Thanks: Gave 408, Got 1,147
Posts: 8,963
Re: Paying Money into Someone elses account

I sold a camera on the classifieds a couple of weeks ago & the buyer paid cash into another branch of Nationwide no problem. If it was a large sum there may be restrictions to do with money laundering regs.

Why not just ring the branch & ask them?
  Quote
Old 16-03-2007, 2:10 PM   #8
Senior Member
 
goatywoaty's Avatar
Join Date: Apr 2005
Location: The Shire
Experience Points:
5,245, Level: 17
Points: 5,245, Level: 17 Points: 5,245, Level: 17 Points: 5,245, Level: 17
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
Thanks: Gave 61, Got 72
Posts: 2,870
Re: Paying Money into Someone elses account

Before I finally set up my internet banking (very recently), I was always paying cash directly into peoples bank accounts over the counter and not once did I have a problem and that was with several different banks so personally I find that hard to believe, but there may well be a reason?
  Quote
Old 16-03-2007, 2:45 PM   #9
PAH PAH is offline
Senior Member
Join Date: Jan 2002
Experience Points:
5,777, Level: 18
Points: 5,777, Level: 18 Points: 5,777, Level: 18 Points: 5,777, Level: 18
Activity: 3.7%
Activity: 3.7% Activity: 3.7% Activity: 3.7%
Thanks: Gave 12, Got 61
Posts: 1,071
Re: Paying Money into Someone elses account

From what I've seen there's still paying in slips in the banks that you fill in and hand over to the cashier, or put in one of those quick deposit shutes to avoid the queues. Even though they ask on the slip who's paying it in there's no id check so you could put whatever you like, even the name of the person whose account it is. Never been asked for id or anything, they're all too glad to receive your money!

Maybe if it's loads of money they might have rules and regulations requiring them to take more interest in who's paying it in? Similar to when you withdraw or transfer large amounts, the government want to know about it and the banks are obliged to tell them.
  Quote
Old 16-03-2007, 2:53 PM   #10
Prominent Member
Join Date: Feb 2005
Location: Stockton on Tees
Experience Points:
7,477, Level: 20
Points: 7,477, Level: 20 Points: 7,477, Level: 20 Points: 7,477, Level: 20
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
Thanks: Gave 277, Got 192
Posts: 3,216
Re: Paying Money into Someone elses account

I just payed 1220 into someone else bank account this morning, not even my bank should be no problems

Pete
  Quote
Old 16-03-2007, 5:59 PM   #11
Prominent Member
 
tigermad's Avatar
Join Date: Jan 2004
Location: Bedfordshire
Experience Points:
13,972, Level: 28
Points: 13,972, Level: 28 Points: 13,972, Level: 28 Points: 13,972, Level: 28
Activity: 10.6%
Activity: 10.6% Activity: 10.6% Activity: 10.6%
Thanks: Gave 164, Got 123
Posts: 3,690
Re: Paying Money into Someone elses account

Thanks for the replies everyone.

My dad says there are signs everywhere at his nationwide to say that you can only pay money into an account you have a card for.

Maybe i will call em.
  Quote
Old 16-03-2007, 6:35 PM   #12
Senior Member
Join Date: Jun 2006
Location: Berkshire
Experience Points:
2,453, Level: 11
Points: 2,453, Level: 11 Points: 2,453, Level: 11 Points: 2,453, Level: 11
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
Thanks: Gave 127, Got 236
Posts: 2,827
Re: Paying Money into Someone elses account

Quote:
Originally Posted by tigermad View Post
My dad says there are signs everywhere at his nationwide to say that you can only pay money into an account you have a card for.
So you have to prove who you are at Nationwide now? You can't just use a paying-in slip?

I wouldn't have thought that the malicious payment of funds into other people's accounts was a big problem, or a particularly effective money laundering technique.
  Quote
Old 16-03-2007, 11:06 PM   #13
Illustrious Member
 
dejongj's Avatar
Join Date: Sep 2003
Location: Whipsnade
Experience Points:
29,876, Level: 42
Points: 29,876, Level: 42 Points: 29,876, Level: 42 Points: 29,876, Level: 42
Activity: 64.8%
Activity: 64.8% Activity: 64.8% Activity: 64.8%
Blog Entries: 1
Thanks: Gave 1,012, Got 1,590
Posts: 16,727
Re: Paying Money into Someone elses account

If I recall correctly this has to do with which bank you pay it into and to which bank it has to go....You'll have to make certain you pay it into a clearing bank which strangly enough not all high street banks are...And considering Nationwide isn't a bank I wouldn't be to surprised....

Second criteria would be the amount.....RBS looked quite strange upon me when I paid a large 5 figure sum in cash into my brother in laws bank account (sold his car for him....) and questions were asked....
  Quote
Old 16-03-2007, 11:08 PM   #14
Illustrious Member
 
dejongj's Avatar
Join Date: Sep 2003
Location: Whipsnade
Experience Points:
29,876, Level: 42
Points: 29,876, Level: 42 Points: 29,876, Level: 42 Points: 29,876, Level: 42
Activity: 64.8%
Activity: 64.8% Activity: 64.8% Activity: 64.8%
Blog Entries: 1
Thanks: Gave 1,012, Got 1,590
Posts: 16,727
Re: Paying Money into Someone elses account

Quote:
Originally Posted by Pat_C View Post
I wouldn't have thought that the malicious payment of funds into other people's accounts was a big problem, or a particularly effective money laundering technique.
Effective not for the recipient...But when you have to proof your identity it is also not effective for the sender!
  Quote
Old 18-03-2007, 12:32 PM   #15
Prominent Member
 
Digger's Avatar
Join Date: Dec 2003
Location: World Wide Supermarket
Experience Points:
8,197, Level: 21
Points: 8,197, Level: 21 Points: 8,197, Level: 21 Points: 8,197, Level: 21
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
Thanks: Gave 232, Got 200
Posts: 3,926
Re: Paying Money into Someone elses account

I am guessing that it might have something to do with individual bank's Money Laundering rules
  Quote
Old 18-03-2007, 3:00 PM   #16
Senior Member
Join Date: Feb 2005
Experience Points:
8,226, Level: 21
Points: 8,226, Level: 21 Points: 8,226, Level: 21 Points: 8,226, Level: 21
Activity: 0.7%
Activity: 0.7% Activity: 0.7% Activity: 0.7%
Thanks: Gave 41, Got 104
Posts: 1,840
Re: Paying Money into Someone elses account

My dad does this for me all the time.

Ahhh, parents.
  Quote
Old 01-05-2007, 12:30 PM   #17
Conspicuous Member
 
Crocodile's Avatar
Join Date: Nov 2002
Experience Points:
15,104, Level: 29
Points: 15,104, Level: 29 Points: 15,104, Level: 29 Points: 15,104, Level: 29
Activity: 13.3%
Activity: 13.3% Activity: 13.3% Activity: 13.3%
Thanks: Gave 408, Got 1,147
Posts: 8,963
Re: Paying Money into Someone elses account

Had this almost happen to my Nationwide account last week. The guy paying cash in for an Ebay sale was told that the practice was to be banned shortly. I asked Nationwide what their policy was & got this reply:

Quote:
The issue with regards to having other people paying money into someone else's Nationwide accounts is something that has been happening increasingly, where details are being provided on such things as notes of papers. Branches have the discretion to refuse these type of credit payments into the account. It appears that this was the reason why some branches may not be happy with the acceptance of a credit you wanted to pay into your account.

The discretion on how a credit can be applied to your account without the card being presented is down to the discretion of the individual Nationwide branch a payment is paid into.

You may wish to arrange for a direct transfer to be made from the third partys bank to your FlexAccount to ensure there are no problems in receiving credits to your FlexAccount in the future.
So it seems totally arbitrary.
  Quote
Thanks from:
Reign-Mack (02-05-2007)
Old 02-05-2007, 2:38 PM   #18
Member
 
Logo Hater's Avatar
Join Date: Nov 2002
Location: Lancs
Experience Points:
4,037, Level: 14
Points: 4,037, Level: 14 Points: 4,037, Level: 14 Points: 4,037, Level: 14
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
Thanks: Gave 12, Got 27
Posts: 515
Re: Paying Money into Someone elses account

I have just returned from Preston town centre, where, less than an hour ago, I paid a sum of money (in cash) into my sons Nationwide account and his branch is near to Leicester.

There were no problems whatsoever. The teller just accepted the money, put it onto the computer and issued me with a receipt.

It's obvious they haven't heard of Nationwides' policy of not accepting bits of paper with an account number on, otherwise they might have turned me away.
  Quote
Old 02-05-2007, 8:39 PM   #19
Conspicuous Member
 
Crocodile's Avatar
Join Date: Nov 2002
Experience Points:
15,104, Level: 29
Points: 15,104, Level: 29 Points: 15,104, Level: 29 Points: 15,104, Level: 29
Activity: 13.3%
Activity: 13.3% Activity: 13.3% Activity: 13.3%
Thanks: Gave 408, Got 1,147
Posts: 8,963
Re: Paying Money into Someone elses account

Quote:
Originally Posted by Logo Hater View Post
It's obvious they haven't heard of Nationwides' policy....
That's the problem, it isn't "policy" - it's at the discretion of the branch. You could walk into another branch tomorrow & get refused. In fact it appears that you could refused or accepted in the same branch depending on which way the wind's blowing or whether or not the branch manager got "lucky" last night.
  Quote
Thanks from:
Reign-Mack (02-05-2007)
Post Reply



Thread information and display options
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off