Urgent banking question?why is it that when dealing with direct deposit, sometimes the payment is deposited by the company but instead of company name, it says something completely different? for example, payment directly deposited into an account by city plumbing would look on the bank computer as something other then city plumbing |
It all depends on the name of the account that the money is coming from. I trade under the name Ripley Animal Feeds but for many months all bank transactions went under the name Trophy. Its not a fiddle and its not illegal. Hope this is ok for you.
Companys who are owned by otehr main companies will not use their name on transaction as they may not be the people responsible for paying you.
Also some companys set up there Bacs payemnts in one name then change their company name.
hope this helps
em;-)
