Can you deposit money into somebody else's bank account?

One of the easiest banking tasks in the world is depositing money. You can even deposit money into someone else’s bank account if you wish.

The basic information you need to deposit money into a third-party bank account is: 

• Payee’s name
• Bank, building society or credit union (though this isn’t always necessary)
• BSB (or bank code, which is the branch identifier)
• Account number

Including the name of the financial institution isn’t always necessary, particularly with online banking, because the BSB will identify this for you.

Alternatively, you could use PayID to quickly make a digital transfer to someone’s bank account via the New Payments Platform, simply by using the payee’s mobile number, email address, ABN or Organisation Identifier.

You can deposit money into someone else’s account: 

• In person at a branch of the payee’s bank
• By using a deposit ATM from the payee’s bank
• Online via online banking or a payment app
• Via a wire transfer (often used when sending money overseas)

You may want to include a transaction description, reference number or personal message with your deposit, so the recipient can easily identify who’s paid them the money and what it’s for.

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