What would happen to a teller if she deposited business checks into a personal account, would this be on the grounds of termination from her job?
Many banks have a policy that checks payable to a business must be deposited into a business account with a name the same as that of the payee listed on the check. Allowing the deposit of a check payable to the XYZ Co. into John Smith's account leaves the bank vulnerable to claims of loss. If the XYZ Co. claims that they didn't receive credit for their deposit, which they didn't, the bank has to correct this. John Smith likely doesn't have this money, so the bank pays for it.
This could result in the termination of a teller who allowed the breach of policy. That would depend on the bank and the work laws in their state. Banks have these policies to protect everyone concerned.
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