Meaning of “pay sth in/pay sth into sth” in the English Dictionary

business-english dictionary

"pay sth in/pay sth into sth" in Business English

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pay sth in/pay sth into sth

phrasal verb with pay uk /peɪ/ us verb paid, paid

BANKING to put money into a bank account:

They offer 3% interest if you pay a minimum of £1,000 a month into the account.
If I give you some money, can you go to the bank and pay it in for me?

(Definition of “pay sth in/pay sth into sth” from the Cambridge Business English Dictionary © Cambridge University Press)