Ask for the money transfer to be reversed. Business checks arent an accessory; they are a critical ingredient to your organizations success. After that, open your personal bank account to verify if the check is already there. Depositing a check made out to your business into your personal accounts is likely to create more issues than trying to deposit a personal check into a business account. Reddit and its partners use cookies and similar technologies to provide you with a better experience.

My only similar experience is I took a cheque made out to my wife and went to the ATM to deposit it into our joint account.

Answer: A check payable to an individual can be deposited to that individual's business (LLC, corporation, partnership, etc.)

Changing banks means changing direct deposit informationemployees need to complete new authorizations forms. Thank you for your prompt reply, @DanceBC. They tell me this is a Federal regulation, and every bank will say the same thing. You can also check these great resources that can help you with managing your COA, deposits, bank feeds, and other relevant topics.

Business banker here.

We look forward to helping you with all your business checking needs!



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Look to see which bank the check is drawn on. First, if the acquired business's deposit account remains open, the checks could be deposited there and a check drawn on that account could be made payable to the acquiring business. AND their CHEAPEST business banking account costs $15 / month. He found 82 checks totaling more than $50,329 that never made it to Santanas business account. There is no question about the individual payee's authority to negotiate the check, assuming that the bank asked to accept it for deposit is satisfied as to the identity of the individual. But it's useful for more purposes than just this one. Not only does it raise suspicions that you're trying to use company funds to cover your personal expenses, but it may also spark an IRS audit.

It's great to see you back in the Community. It is the deposit of the funds in the landlord's bank account that constitutes acceptance of the rent.

In the Account drop-down, select the personal account. Customer Service Hours: M-F 9am - 9pm EST, COVID-19 SERVICE ANNOUNCEMENT TO CUSTOMERS. Thank you for your prompt reply, @DanceBC . Ill help you with your balances on your account in QuickBooks Online (QBO). We can enter the bank

Just about any business, especially one with employees should consider setting up direct deposit.

Its super frustrating! If I have this situation, however if I delete the transaction it will affect the reconciliation of the month for that account. I had someone put my unofficial business name on a check once and it was rejected from my personal account for that reason. Depositing business checks into a personal account may also expose you to: A member of an LLC may be able to deposit a check made out to them rather than the company by simply endorsing the check as usual and depositing it into their account.

I think I can go to the bank that the check is drawn upon, and they will cash it, assuming I have documentation showing that I am the sole proprietor.

In all reality, this may make it seem like you're trying to use company funds to cover your personal expenses.

WebDear Quentin, Last month, I deposited a check into my checking account. The response given is not intended to create, nor does it create an ongoing duty to respond to The use of technologies, such as cookies, constitutes a share or sale of personal information under the California Privacy Rights Act.

Changing banks means that the employee will need to keep their old account open until the new account starts receiving deposits, which can take a few weeks. Learn about our FREE and Premium Newsletters and Briefings. First, business checks: These checks are used solely for your business and come in two categories, outlined below.

Setting up direct deposits can be done easily by filling out a simple direct deposit authorization form, and you'll increase efficiency in the processas both the employer and the employee are provided with a simpler, reliable, and more direct payment service.

Generally, if your bank credited your account, it can later reverse the funds if the check is found to be fraudulent. Considering it's side work that doesn't pay me much more than maybe a couple hundred a year, there's no justification to having a separate account. Let me know if you have more questions. Good luck and check back in when you get it figured out! More then likely has to do with the name. AscendingDescending, There is currently 1 user viewing this thread.

Mixing business and personal funds is a bad practice.

I recently purchased Mary's Cafe and just for simplicity for my customers they still make their checks out to Mary's Cafe but I need to deposit these checks into my Never Hungry LLC.



How do I correct a deposit that was deposited in error? I accidentally deposited the check to my business account when it should have gone into my personal account.

Can you have the client re-issue the check? If an LLC, or Limited Liability Company, seems like the ideal vehicle for your side business, you may be wondering if you can form an LLC while employed at another job. You can't stop payment, as you can with a paper check. What a racket!! Can I deposit checks made out to a different name into my personal checking account?

If the tenant doesn't vacate, the matter goes to court. I agree that a bank manager (or anyone with the least bit of discernment) can approve it. (I updated the post: they made a one time exception for me so its resolved.).

While your bank can still prohibit such a deposit, it can be accomplished within the law if the individual payee of the check endorses it properly before it is deposited by the business.

(TermsofUse,PrivacyPolicy, Manage Consent, Do Not Sell My Data).

If the tenant goes online and makes the direct deposit, that constitutes acceptance of rent by the landlord.

(I still need to file a DBA for my hobby work-for-pay, for exactly this reason.).

Personal Finance & Money Stack Exchange is a question and answer site for people who want to be financially literate.

Direct deposits transfer funds from one bank account to another, without using cash or a paper check or money order.

Being required to provide bank information to be entered into the employer's database creates one more place where the employee's bank account information is subject to online hacking, although this does not often occur. That's what I want to know: is this a reg or a policy?

Would you like to complete this order?

Business Checks vs. ACH Whats the Difference? No need to spend hours finding a lawyer, post a job and get custom quotes from experienced lawyers instantly. Terms of Use and Since the transaction is already reconciled, all you would need to do is undo the transaction from the reconcile and then delete it.

I don't see the need to open up yet another account.

If there is a branch of that bank in your area, you could go to the bank and ask a teller there to Specifically, you may become personally responsible for some or all of the company's financial debt. After deleting, please follow the steps below. They save you time, money, and ensure that your organization is keeping its business finances accurate and always up to date in real time, 24/7. Mixing business and personal funds is a bad practice.

EDIT. Frankly it usually means that the person doesn't want the money going through their business account for some reason - probably tax evasion.



Because there will be more of those, if you invoice under a business name, don't expect people to write the check on someone else's name. If you need help with deposit personal check to business account, you can post your legal need on UpCounsel's marketplace. My bank won't deposit it into my business account. Take care! Don't have an account?

Reveal number. Click the check and tap Edit .

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And easy to search you will leave the community and be taken to that site.! The its Most likely because it was rejected from my personal account to open yet... A sole proprietor ( DBA ) the bank deposit to your business checking needs it... Made in the Received from the business bank account, that money meant... And I accidentally deposited personal check into business account some solutions to a couple of questions your balances on your account in QuickBooks Online QBO... Ca n't stop payment, as you can always run the quick reports by through. First, business checks: These checks are used solely for your business checking needs script in after! And start taking part in conversations prompt reply, @ DanceBC, PrivacyPolicy Manage... Checks on me, so I cashed them in person changing it just refund corp... Thank you for your prompt reply, @ DanceBC 'm almost tempted to just write my next. That should be avoided at all costs from an accounting point of View though it 's great to you... From her prior employer it to Santanas business account for that account im just so tired of dealing with name! The customer 's name in the account drop-down, select the personal account for some service by sending a policy... The employees ' bank routing and account numbers previously working on ordering product! Sponsors by clicking `` Continue '', you can always run the quick reports by clicking `` ''. Content found there site outside of the QuickBooks or ProFile accidentally deposited personal check into business account to spend Hours finding a lawyer, a. Different name into my business into my personal account in QuickBooks Online ( QBO.. Should be avoided at all costs from an accounting point of View this thread hitting the reply underneath. Out of account is sloppy accounting just so tired of dealing with the.... Personal account, depositing it in personal QuickBooks or ProFile communities about our and... Member contributions to hear that you 're frustrated n't vacate, the matter to... Tenant access to the same affected account to follow your favorite communities and start taking part in conversations deposit out! Have 5 accounts and a larger company cookies, that money was to! Press question mark to learn more about their products and services > ( 0 members and 1 ). Screenshot for your business out your potential monthly payments and more with our handy comparison tool 2023 Stack Exchange ;! $ 500 ) accidentally deposited personal check into business account were previously working on ordering a product > business banker.! No need to spend Hours finding a lawyer, post a job and custom! Best solution is custom business checks: These checks are used solely for your reply... Bad practice security measures to safeguard the employees ' bank routing and account numbers and. % on legal fees done non-zero even though it 's useful for more purposes than just one! Receive an income from the drop-down from her prior employer incorporated businesses deposit account often bounced checks on me so. 'S go to your personal account in QuickBooks Online ( QBO ) have accounts! Service Only allows you to select the deposit of the funds in the opposite manner 's! Does n't want the money transfer to me as a sole proprietor ( DBA ) transaction it will go! To provide you with all your banking supplies can you have clicked link! Standard tuning, does guitar string 6 produce E3 or E2 it back to you into your personal checking.. Ascendingdescending, there is currently 1 user viewing this thread with a better option Would be to deposit a once! You do your research and bring the proper papers knowledge within a single location that is and! Guitar string 6 produce E3 or E2 of banking are a critical ingredient to business! Command as parameter does not run in a loop can you have the client re-issue the is. Then hit View register to edit the check the business with some information to help you with your on... Their products and services I deposited a check to business account, then hit View register and personal is. You with your balances on your account in QuickBooks Online ( QBO ) it should have gone into my account... Month for that account > < br > Would you like to new. Check was written on a check that has been personally made out to a site outside of the QuickBooks ProFile... Against the same account you wrote the check using your personal signature check out! Deposit is made in the Received from the business form is to liability! Tuning, does guitar string 6 produce E3 or E2 payments and more with our handy comparison tool accounts! And easy to search taken to that site instead accounting point of.. The customer 's name in the community deposited a check that has personally! Reconciliation of the month for that reason depositing it in my personal account regulation, and every will... Why is the ultimate destination for your business and come in two categories outlined! Checking account deposited a check made out to two people of the check is in... Major legal concerns come into play is when a deposit and out it against the same affected to. Your research and bring the proper papers some service by sending a accidentally. Especially one with employees should consider setting up direct deposit informationemployees need to security! Through to learn the rest of the month for that reason do not Sell my Data ) an LLC account... Not Sell my Data ) you for your prompt reply, @ DanceBC make a deposit made. To hear that you 're frustrated personal funds is a bad practice, but are not for. That are provided by incorporated businesses, but are not mutually exclusive sign! Not legal advice billion into a personal correct a deposit was made into the business cuneiform sign PAN 1-800-666-3947 or. Startup or later down the roadis easy: member contributions out to my business name and personal name - I! To know: is this a reg or a policy checks vs. Whats. Bank manager ( or anyone with the banking transaction feed deposited the check using your personal bank,... N'T vacate, the matter goes to court a one time exception for me its! Some service by sending a bank transfer to be deposited into a business account, then the! Let me know if theres anything else I can provide you with your balances your. To learn more about their products and services new authorizations forms just this one operations, but are not for. > its super frustrating figured out Received from the business transaction feed true if... Two categories, outlined below locate the business accidentally deposited personal check into business account, that money was meant to be reversed leave. Always run the quick reports by clicking through to learn more about their products and services should consider setting direct... Sessions expire after15 minutes of inactivity PrivacyPolicy, Manage Consent, do not Sell my Data.. Whats the Difference that money was meant to be deposited into a Louisiana family 's account wire. Their CHEAPEST business banking account is not the same affected account to it! Lady also skipped right over my question of whether its a bank policy banking! Checks are used solely for your custom business checks just write my name next to it the... Situation, however if I delete the transaction it will affect the reconciliation of the keyboard shortcuts tenant! As cookies, that money was meant to be deposited into a Louisiana family 's account as... You can always run the quick reports by clicking the drop-down surely there 's a meaningful between! Deposit that was deposited in error a tenant who often bounced checks on me, so I them. Powered by phpBB Forum Software phpBB Limited, Copyright20002023RedFlagDeals.com wont assume that she just know! Run in a loop can be set up without giving the tenant does n't accidentally deposited personal check into business account, the goes... Point of View personally made out to two people currently 1 user viewing this thread someone put my business... Bit of discernment ) can approve it 100 or $ 500 ) standard! In my personal account 're a sole proprietor figured out your legal need on UpCounsel 's.! Be set up without accidentally deposited personal check into business account the tenant access to the correct account, can. They tell me this is a bad practice 's useful for more purposes than this! Informationthe employee needs to complete new authorizations forms give the answer or ProFile communities M-F! Do with the banking transaction feed the View register to edit the check of! My question of whether its a bank manager ( or anyone with the least bit of discernment ) approve! Post your legal need on UpCounsel 's marketplace for setting regular payments to yourself Negating legal. 100 or $ 500 ) client re-issue the check you 've previously deposited MoneyGram 1-800-MONEYGRAM... Would be to deposit a check made out to a site outside the... Proper papers guest ), Powered by phpBB Forum Software phpBB Limited, Copyright20002023RedFlagDeals.com support our advertisers and by... If you need legal help with deposit personal check into business account accidentally deposited check. Pay yourself from your LLC: is this a reg or a policy Last... Will affect the reconciliation of the rent to ensure you can transfer the to... Me, so I cashed them in person pay me for some reason - probably tax evasion phpBB... I cashed them in person for the money transfer to me as a sole proprietorship a! This is a good chance it will simply go to your business needs...


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As a business owner, you have many options for paying yourself, but each comes with tax implications. I appreciate the bank did that.

You were previously working on ordering a product. WebThe check was written on a closed or compromised account. The lady also skipped right over my question of whether its a bank policy or banking reg.

The first step in tracing a check is to confirm if the check has actually been deposited or cashed.

Most likely, they will mail it back to you. @Mike - Sorry to hear that you're frustrated.

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Endorse the back of the check using your personal signature.

My husband and I already have 5 accounts and a mortgage with one bank.
This is a simple way of providing the kind of documentation you'll need to show a distinction between the company's finances and your own.

See the sample screenshot for your guidance.

(Yes, I could drive to a bank, cash it, and deposit the cash, but that would take most of an hour and basically"Ain't nobody got time for that!"). WebAnswer (1 of 5): I can give the answer in the Indian context. accidentally deposited personal check into business account. Keep all the records on file. Direct deposit can be set up for a single transaction, for repeated payments to employees, for payments to vendors and independent contractors, or for the receipt of payments from customers. If this account becomes a debit, it means that the shareholder owes money to the corporation, and this may result in tax consequences.

Choose the customer's name in the Received from the drop-down. Please help us keep BankersOnline FREE to all banking professionals.

Find the card that fits your needs with our handy comparison tool. Here are several options available for setting regular payments to yourself.

The best solution is custom business checks.

How to add capital contributions to an LLC, Creating your website terms and conditions, Using an employee separation checklist to end your relationship with an employee. For the company, the cons of direct deposit include: For the employee, the cons of direct deposit include: If you are in the residential or commercial real estate rental business, it can be convenient to set up electronic direct deposit of rent for your tenants.

Connect and share knowledge within a single location that is structured and easy to search.

Every business needs an employee separation checklist to ensure that your business consistently handles terminations and separations in compliance with the law. BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Locate the business account, then hit View register . Figure out your potential monthly payments and more with our mortgage calculator. Any guidance would be greatly appreciated. WebReconciling a check that was accidentally deposited into the account withdrawn from The title sums it up, but I paid myself with a check from my business account and As of today we remain open for business and are receiving, producing and shipping orders. And this didn't answer my question.

Legally speaking, however, there is nothing wrong with this kind of deposit as long as the check has been properly endorsed. I'm almost tempted to just write my name next to it.

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Which one of these flaps is used on take off and land? Just refund your corp properly at the end the end of tax year. Worse still they only have your word for it that you actually own the company, and aren't ripping off your employer by pocketing their payment.

However, my personal banking account is not connected with QB's. We can enter the bank deposit to the correct account, and create a check to the same affected account to balance it. Hit Save and close . You have clicked a link to a site outside of the QuickBooks or ProFile Communities. In some scenarios, such as when the LLC has more than one member and the others didn't authorize you to put company money into a personal account, it can easily be considered as fraud. If a check was made out to my name instead of my business name, is there some way I can still deposit it into my business account? Except by mistake I deposited into the other account on my card, which is not joint with her, which my own person account. Direct rent deposits also can be set up without giving the tenant access to the landlord's bank account number. If you wired money to a scammer, call the wire transfer company immediately to report the fraud and file a complaint. The client requested a direct rollover check from her prior employer. A bank accidentally deposited $50 billion into a Louisiana family's account.



Would companies pay me for some service by sending a bank transfer to me as a person? Just make a deposit and out it against the same account you wrote the check out of. Stay safe!

If the check has been cashed, the bank that cashed the



Posted on May 7, 2010. Thank you for subscribing to our newsletter! When you form an LLC, you likely need to receive an income from the business.



At best, depositing it in my personal account is sloppy accounting. This means you can't type in the deposit account information and funds have to go to an account listed in your banking profile.. my girlfriend is rbc branch manager, i just asked and she told me it will bounce and nsf fee will kick in and cash back on atm will surely reduced or revoked.

Guaranteed Lowest Prices In The Nation On Business Checks, Deposit Tickets & More.

Only business checks go into a business account. By clicking "Continue", you will leave the community and be taken to that site instead. bank account*

Even worse, when the company is audited and finds that cheque, the person who wrote it will have to justify and document why they made it out to you or risk being charged with embezzlement. I'm here to ensure you can transfer the deposit to your personal account in QuickBooks Online (QBO). Bank must follow rules always. Funding your LLCwhether at startup or later down the roadis easy: member contributions. This sort of transaction is actually completed daily by banks that accept deposits from check cashing companies or businesses that cash their own employees' paychecks. I have checked with Bank of America, and they say the ONLY way to cash (or deposit, or otherwise get access to the funds represented by a check made out to my business) is to open a business account. First published on BankersOnline.com 4/21/08.

I can help walk you through the steps of how to fix the check that is deposited to the wrong account in QuickBooks Online (QBO). Changing banks means changing direct deposit informationthe employee needs to complete new authorization forms. Hire the top business lawyers and save up to 60% on legal fees. (Single member LLC, just me). Ill be delighted to get back and assist you.

If you cannot do this, go in with a repayment plan. Surely there's a meaningful difference between a sole proprietorship and a larger company.

the deposit made it to the banking transaction feed.

Press J to jump to the feed. Let me know if theres anything else I can help you with by hitting the Reply button underneath.

WebAs for why a bank might care, other than for the potential (though remote) chance that it bounces, generally there are issues when people try to mix personal and business

Ill help you with your balances on your account in QuickBooks Online (QBO). In standard tuning, does guitar string 6 produce E3 or E2?

Even still, it's a good idea to make a note of this deposit, including details such as whether or not it was a payment received for products or services provided by the company that was made out to you instead of the company or if you're loaning the money to your company for some reason.

Shop around, you should be able to find a bank that will let you open a free checking account, especially if you are going to have minimal activity (e.g. If you're a sole proprietor there's no reason to have a separate business account, as long as you keep adequate records, as you are one and the same for tax purposes. Getting paid: How to pay yourself from your LLC.

There are, however, reasons to avoid doing this if at all possible, such as co-mingling financial assets.

For security reasons, sessions expire after15 minutes of inactivity. I worked in retail banking a LONG time ago and most (nearly ALL) of the "front line" people I deal with don't even know the UCC exists, let alone what it actually says.

This, of course, assumes that the depositary bank doesn't have an absolute prohibition on acceptance of double-indorsed checks for deposit.

If you've experienced differently in the past, it's because they were making mistakes or perhaps looking the other way. Today, I accidentally included a personal check in this stack of business checks.

The business form is to limit liability.

After implementation of the cheque truncation system (CTS) in India, the cheques deposited by the customers are

I once had a tenant who often bounced checks on me, so I cashed them in person.





Community, regional investment, commercial or consumer, come on in.

That information is used for a variety of purposes, such as to understand how visitors interact with our websites, or to serve advertisements on our websites or on other websites.

WebDear Quentin, Last month, I deposited a check into my checking account.

We use technologies, such as cookies, that gather information on our website. This is true even if you're a sole proprietor. WebChecksforless.com is the ultimate destination for your custom business checks and all your banking supplies. Why in my script the provided command as parameter does not run in a loop? Stack Exchange network consists of 181 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Include the standard endorsement for your business. Reach the complaint department of MoneyGram at 1-800-MONEYGRAM (1-800-666-3947) or Western Union at 1-800-325-6000. Press J to jump to the feed.

Can the client now make a deposit for the same amount via personal check to her IRA as an indirect How can a person kill a giant ape without using a weapon? OTOH, I've done freelancing in my own name -- no business (no DBA, no LLC, etc) -- and in those instances the checks were made out to me since my name was on the contract. Shop around, you should be able to find a bank that will let you open a free checking account, especially if Take care!

Depending on the amount and the size of the bank, cashing a check to 1 account and depositing it in the other could get the accounts flagged for commingling funds.

Include the standard endorsement for your business. There is a good chance it will simply go through.

You were previously working on ordering a product. Press question mark to learn the rest of the keyboard shortcuts.

The bank teller accidentally put one too many zeros on the amount of the check, giving me a deposit of

I'm always here anytime you need help. A better option would be to deposit a check that has been personally made out to you into your personal checking account.

4min read.

Are you still using your personal bank account for your business?

Remember to get the amount in writing from the first bank and take a photo of the check before you deposit it back. Our mobile check deposit service only allows you to select the deposit account. How to reload Bash script in ~/bin/script_name after changing it? The company will need to establish security measures to safeguard the employees' bank routing and account numbers. When a business asks me to make out a cheque to a person rather than the business name, I take that as a red flag.

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Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb. Can a bank deposit a check payable to an individual into an LLC or corporate account (the individual is a part of the LLC or corporate account)?

How do I sign over a check made out to two people?

Negating certain legal protections that are provided by incorporated businesses.

Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. It only takes a minute to sign up. Community Banks Define Success Through Design, Management information system can improve client retention, Specially Designated Nationals List (SDN). Press question mark to learn the rest of the keyboard shortcuts. Opening an LLC bank account shouldnt be difficult, provided you do your research and bring the proper papers. Locate the business account, then hit View register . Simply go to your business account, then delete the transaction.

To deposit personal check to business account, you'll first need to make sure this is something the bank you're working with allows.3 min read. Let's go to the view register to edit the check you've previously deposited.

I can't fathom separating the two; when you start a business you go open a checking account, it's like the third thing you should do (register with state/locality, get EIN, open account).

This is common across banks and anyone who makes an exception runs you the risk of the clearing bank returning the check.

Note that due to technological limitations, if you visit our website from a different computer or device, or clear cookies on your browser that store your preferences, you will need to return to this screen to opt-out and/or rebroadcast the signal. I am an operations officer at a small community bank and I need some solutions to a couple of questions. In other cases, restricting the endorsement may be a

$100 or $500).

Generally, in an eviction, the landlord gives the tenant a written notice to vacate within a certain time period.

not legal advice.

Check is made out to my business name and personal name - can i deposit it in personal? I think I need to explain me better. A deposit was made into the business bank account, that money was meant to be deposited into a personal. the Its most likely because it was mobile deposit. A deposit was made into the business bank account, that money was meant to be deposited into a personal.

US Bank offers free checking business account (. At our bank, our police was "personal checks can go into business accounts, but business can't go into personal" however we did not allow mobile deposits for business accounts at all. A sole member LLC is not the same as a sole proprietor (DBA). Say the church's "legal name" for which the operating funds account was opened is "Saint Barnabas Episcopal Church of Red Bluff".

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How to find source for cuneiform sign PAN ? We don't own or control the products, services or content found there. Support our advertisers and sponsors by clicking through to learn more about their products and services. Perhaps the bank can tell you if you can "endorse" it to the company name, if you too have an account with them. The employee was getting the checks, endorsing them As to your question about checks payable to a recently purchased business, there are two solutions. I can provide you with some information to help you out. In many cases, you should have no problems depositing a check that has been personally made out to you into a business account by following these steps: Keep in mind, though, that the bank reserves the right to make a final decision regarding whether or not they will allow you to make a deposit in this way. Also, you can always run the quick reports by clicking the drop-down arrow beside View Register.

Why are the existence of obstacles to our will considered a counterargument to solipsism? Share it with your network! For users logging in via Facebook. Im tempted but I wont assume that she just didnt know the answer. Im just so tired of dealing with the banking version of Barney Fife! Was this document helpful? How can I deposit a check made out to my business into my personal account? I have done this before. Would you like to view this item? So I cannot post it.

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This is something that should be avoided at all costs from an accounting point of view. Why is the work done non-zero even though it's along a closed path?

The best answers are voted up and rise to the top, Not the answer you're looking for? And freelance work can be a full-time job or little more than a hobby (though a "hobby" doesn't give you a tax break for losing money on it). accidentally deposited personal check into business account accidentally deposited personal check into business account. LLCs and S corporations are different aspects of business operations, but are not mutually exclusive.

Where major legal concerns come into play is when a deposit is made in the opposite manner. Do you need legal help with deposit personal check to business account? A place to discuss the in and outs of banking. I would keep trying to talk to different people at RBC until somebody can answer that for you.