Somebody I know asked to deposit money into my checking account so I could withdraw the money and let the person avoid their ATM fee (we have different banks). I am uncomfortable with doing so. However, I am not sure of the exact reason(s) why this could be bad for me. Are there any?

I know the person a good bit. I do not know their address or the amount of money.

  • 11
    How well do you know this person?
    – kponz
    Commented Nov 9, 2017 at 17:53
  • 30
    Do you know this person well enough that you can go to their house and demand repayment when their deposit into your account bounces after a few days ... ?
    – brhans
    Commented Nov 9, 2017 at 18:01
  • 56
    "I do not know their address or the amount of money." It's a scam.
    – RonJohn
    Commented Nov 9, 2017 at 18:44
  • 18
    I think this person thinks they know you better than you know them. And I think this person thinks you're a sucker and wants to steal money from you.
    – brhans
    Commented Nov 9, 2017 at 19:06
  • 14
    "I know the person a good bit" A friend from school? An ex? Someone you've chatted with on Facebook for 3 years but have never met or talked too over the phone? I'm sorry, but "a good bit" is open to a wide interpretation... and none of that answers a simple question: Why doesn't your friend open an account at "your" bank?
    – WernerCD
    Commented Nov 10, 2017 at 12:36

5 Answers 5


If it were a friend of mine, I'd do it without having any real qualms about it.

If it were simply "someone I knew", probably not.

Of course, if I trust them them enough to do that, I'd probably just give them the cash and let them pay me back in a day or two.

(I'm imagining a scenario where I'm out with a few friends, for example bar hopping or at an event where most vendors require cash and we're talking an amount less than say $50. Any more than that, and I almost certainly would not agree).

  • 11
    I'd add my usual loaning money to friends criteria. I either need to be okay never getting paid back or potentially ruining the friendship it they flake on paying me back and I have to push them to get paid back. Commented Nov 10, 2017 at 18:06
  • 6
    This is not a good answer because it does not address that the OP is facing an obvious scam. Commented Nov 11, 2017 at 2:24
  • 3
    This is a fairly dangerous accepted answer. Should it be edited to include scam information? Accepted answers show up in Google searches.
    – Nelson
    Commented Nov 11, 2017 at 15:55
  • 2
    @Nelson I don't see the danger. Someone following this advice wouldn't be tricked into giving any money to a scammer unless they were a friend. In that case I would consider the $50 lost as money well spent, as now you would know they aren't really your friend.
    – Ross Ridge
    Commented Nov 11, 2017 at 20:34
  • 6
    @pwcnorthrop: This is a very different situation from OP's. (1) the person is your friend, not an evasive "someone OP knows". (2) they're paying you back via some legitimate means rather than "depositing into your checking account" (which likely means either with a check or by asking for your account number). The whole problem with your answer is that it's equating OP's situation with your completely unrelated scenario in a way that lends legitimacy to the former. Commented Nov 11, 2017 at 22:23

This is dangerous as it is a typical a scam. Trudy convinces Bob to help her avoid an ATM free or some other pretense. She writes Bob a check for $100, but is willing to take only $80 to return the favor. Bob agrees.

Bob deposits the check, gives Trudy the $80 and then later finds out the check is bad. In most cases Bob will not be able to find or contact Trudy.

However, in some rare cases if Trudy feels Bob is very gullible, she will do the same thing again and again as long as Bob allows. Sometimes the amounts will increase to surprisingly high levels.

  • 1
    Is there a similar time lag for electronic deposits? Commented Nov 9, 2017 at 18:36
  • 11
    Trudy's bank must really suck for having a 20% ATM fee. Most banks have it between 0 and 0.5%.
    – vsz
    Commented Nov 10, 2017 at 7:15
  • 3
    If you have to care about avoiding ATM fees, chances are the withdrawal is small enough that the minimum fee is a substantial portion. This is a massive problem especially for welfare recipients in the US. Commented Nov 10, 2017 at 11:28
  • 4
    @vsz Agreed. ATM fees are easily avoided by other means. Buy a pack of gum or soda at the grocery store. Get $50 cash or whatever limit. You could even return the item. Greed is the underlying factor. All Bob is thinking about is the quick $20 he can earn and logic goes out the window.
    – Pete B.
    Commented Nov 10, 2017 at 13:11
  • 2
    The money may be real, but obtained illegally and traceable to that bank account (which may not be theirs). The person who transfers the money to you makes a trail that ends with you cashing money that isn't yours from an ATM and "giving it to a friend"
    – BlackThorn
    Commented Nov 10, 2017 at 19:43

There are at least a couple problems:

  1. Your friend may not manage money well and so may not have enough money in the account. Check bounces. They get charged a fee. You get charged a fee. You have to chase after the friend to get the fee paid. The friend was cheap about the regular fees and doesn't want to pay this much higher fee.

  2. Your "friend" may really be a crook. The check is no good. Perhaps it's written under a false identity such that you are attempting to cash a stolen/forged check. You cash it. They take the money and disappear. You get charged with participating in the crime, go to jail, and now have a criminal record (worst case).

My quick thought is that if you don't know the person well enough to know the home address, you don't know the person well enough to cash checks.

In general, I would view this the same as a loan. When loaning to a friend, you should never loan more than you are willing to lose. Note that an actual loan would be safer. If you loan $50 to a friend, at worst you're out $50. If you deposit a fraudulent check, you did something illegal. You will have to be convincing when you tell your story to the police. If they don't believe you, they could charge you. A couple bad breaks and you could go to jail.


There are lots of reasons why a crook would want you to do this: counterfeit check scam, laundering money, trying to get your account information, getting you used to doing questionable things and then escalating, seeing whether you're the kind of person to go along with bad ideas, etc.

There are not, however, much in the way of good reasons for it. I gather you can withdraw money from your bank without an ATM fee. This I am assuming from the fact that it is being proposed that you withdraw money from your account, and the fact that this is how pretty much all non-predatory banking works. If this person's bank won't let them withdraw money without a fee, something is seriously wrong, and they should get an account at your bank. Do they get charged for using a live teller as well? If not, how is getting money from you easier than getting it from a teller? How much is the fee? If the fee is $2, and you're making $10/hour, that's 12 minutes of wages. Does it take less than 12 minutes to complete this transaction (including the time this other person is spending)? This cartoon comes to mind: https://xkcd.com/951/


I'd like to take a moment to point out: I cannot find a bank that charges customers with a checking account fees for withdrawing from an atm owned by that same bank.

It is a cornerstone of most banks now to encourage online and atm banking.

You should definitely research the validity of the claim that you're associate cannot withdraw from their own account through their own bank's atm without fees.

A second scenario I can think of, is that this person uses a bank that does not operate in your region. Then they cannot find an atm owned by their bank. If this is the case, they should simply go to the bank the check is drawn on, and cash it there. So far I only know of Chase bank charging non-Chase customers to cash a check drawn on a Chase account (this is a crap policy that makes me hate that bank).

**disclaimer - I am not familiar with all banks, but a quick Google search of banks that operate in your region should reveal which ones if any charge their customers for use of their atms. you may or may not find the check cashing charge policy without attempting to cash the check.

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