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Depositing money into someone else’s bank acct over-the-counter is possible in the US -- but what about Europe? (slrpnk.net)

submitted 1 month ago* (last edited 1 month ago) by [email protected] to c/[email protected]

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If you need to pay someone in the US, it’s interesting that you can walk into the bank used by the recipient and make a deposit into their account. You just need to know their account number and IIRC that even works with cash. There is generally no fee. Sometimes tenants and landlords have that arrangement.

Anyone know if that’s possible in Europe? Does it depend on the bank? I know the conventional way in Europe is to bring cash into the post office, and the post office will take the cash and transfer the money to the recipient. But there is a transaction fee and I think a restriction as well that the payer must be a resident. Can a payer go direct to the recipient’s bank and get service, ideally without a fee?

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[–] [email protected] 3 points 1 month ago

It's not always possible in the US. I have a friend whose bank didn't let him deposit money into his mom's account for an emergency, despite them both having accounts there. They've both since changed banks because of this.