Deposit Question

I’m transferring colleges, and my top two choices are Lesley University and Elizabethtown College. Lesley requires you to let them know by June 1, but Elizabethtown College says on their website, “Transfer applications are generally not processed after December 1 for spring admission or June 1 for fall admission.” So, I shouldn’t hear back from them for probably another couple weeks. Would I be able to put a deposit on Lesley in the meanwhile, and then possibly change my mind in a couple weeks if I get into Elizabethtown College?

Yes, but you might lose your deposit.
As long as you only have one that you have “accepted” at a time, you are good.

So depositing to LU and then waiting for EC, getting admitted to EC, putting a deposit down and then telling LU you will not be coming is okay. Depositing LU and EC and waiting until Aug 1 to tell the other you are not coming is not okay.