Personal Finance

Want to deposit $ in another person's account

  • Last Updated:
  • Jun 10th, 2019 10:33 am
[OP]
Deal Addict
Dec 13, 2010
1788 posts
743 upvotes
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Want to deposit $ in another person's account

I want to deposit $$ on a regular basis to someone else's TD account. I would prefer to avoid email $ transfer because they are old and I can't trust them to accept it correctly every time.

I don't have a TD account.

I know I could go into a TD branch in person and get this done, but is there an easy free way to do this electronically?
15 replies
Deal Fanatic
Nov 22, 2015
5334 posts
4585 upvotes
thetipster wrote: I want to deposit $$ on a regular basis to someone else's TD account. I would prefer to avoid email $ transfer because they are old and I can't trust them to accept it correctly every time.

I don't have a TD account.

I know I could go into a TD branch in person and get this done, but is there an easy free way to do this electronically?
Help them set up Auto Deposit?
Deal Guru
User avatar
May 8, 2009
11975 posts
8598 upvotes
sometimes
thetipster wrote: I want to deposit $$ on a regular basis to someone else's TD account. I would prefer to avoid email $ transfer because they are old and I can't trust them to accept it correctly every time.

I don't have a TD account.

I know I could go into a TD branch in person and get this done, but is there an easy free way to do this electronically?
Have your recipient setup auto deposit on e-transfer. Hang out with them while doing the first e-transfer, then have them accept the auto deposit feature. It'll be associated with their email.
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Deal Addict
Dec 25, 2005
1414 posts
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You could help them setup Interac email transfer to automatically deposit to their account, which TD supports. Then, when you send them an email transfer it will deposit automatically without their intervention.
Deal Guru
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May 8, 2009
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sometimes
Nukey wrote: You could help them setup Interac email transfer to automatically deposit to their account, which TD supports. Then, when you send them an email transfer it will deposit automatically without their intervention.
I posted that a minute before you did 🤣
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[OP]
Deal Addict
Dec 13, 2010
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Thanks guys. I know about this auto-deposit feature as I use it on my account as well.
I will probably go this route... wasn't sure if anyone knew of another way.

Other things I thought of was to see if they have a credit card or a trading account. I can just pay those using bill-pay feature.
Deal Guru
User avatar
May 8, 2009
11975 posts
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sometimes
thetipster wrote: Thanks guys. I know about this auto-deposit feature as I use it on my account as well.
I will probably go this route... wasn't sure if anyone knew of another way.

Other things I thought of was to see if they have a credit card or a trading account. I can just pay those using bill-pay feature.
CC, yes (and earn pts via PayTM). Trade account... YMMV. It'd probably work, but they tend to not accept BP's from 3rd party.
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[OP]
Deal Addict
Dec 13, 2010
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Oh, didn't know that... Looks like autodeposit is the first option to try
Deal Addict
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Feb 23, 2004
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Calgary
does td support td to td transfers using recipent bank account info? thx
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Deal Fanatic
Nov 24, 2013
5879 posts
2536 upvotes
Kingston, ON
kocoman wrote: does td support td to td transfers using recipent bank account info? thx
They do, yes. Same branch for sure but I think it can do diff branches too.

They’ve also got a “Visa Direct” thing where if you have someone’s 16-digit Visa or Visa Debit number you can send money to that.
Deal Addict
May 15, 2013
1566 posts
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Montreal
The easiest way is to open a TD account.
Newbie
Sep 14, 2017
67 posts
53 upvotes
When I had to to this, I just went to a branch and deposited with a clerk.
Deal Addict
Jan 2, 2015
1413 posts
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Toronto, ON
I was thinking auto-deposit.

Another alternative is to set up a joint account, and put money into that joint account (if you bank at the same bank). They would have to move the money from the joint to their account... well, more like they should do that.
Jr. Member
User avatar
Jan 7, 2019
176 posts
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If autodeposit is out of the question for you, you can deposit as a 3rd party into someone else's bank account. You will need their name, bank account number, and you can only deposit cash. No CHQs.

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