Banking » Guides » Can You Make ATM Cash Deposits to Your Bank Account?
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Can You Make ATM Cash Deposits to Your Bank Account?

ATMs are a fantastic way to deposit cash. Depending on where you reside, you may be able to deposit your money at a bank's ATM.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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Table Of Content

Man make a cash deposit to ATM
(Photo by Billion Photos/Shutterstock)

ATMs are a fantastic way to deposit cash. Depending on where you reside, you may be able to deposit your money at a bank's ATM.

Can You Deposit Cash at an ATM?

You have cash in your hand and want to deposit it into your bank account; can you do so using an ATM? The answer is yes.

One of the most significant downsides of modernizing finance is that we no longer understand how things function in traditional banks and ATMs. People frequently have reservations about making withdrawals and deposits. However, one of the most commonly asked issues is if it is feasible to deposit cash at an ATM or into an online bank account.

Your bank's ATM is the one of the best locations to make deposits. If you need to make a deposit, you can check your bank's website for a list of nearby ATMs or give them a call and inquire which ATM you can use.

How to Make Cash Deposits at an ATM?

The steps for depositing cash at an atm varies from bank to bank. It is a straightforward process and one of the best ways to deposit cash into your bank account.

These automated teller machines allow you to make quick deposits into your bank accounts, which saves you time and is handy for you. You will receive credit of funds into your account 365 days a year at chosen ATM kiosks that offer cash deposit capabilities

1. Gather Your Money

You must first have the money you wish to deposit. You will then require a debit card linked to a bank account. You could use your phone if you have saved your debit card on your phone and if your bank has contactless atm.

2. Locate Your Bank's ATM

While many bank ATMs enable noncustomers to withdraw (sometimes for a fee), you must generally use your bank. Your bank's website likely contains a map of qualified ATMs in the vicinity.

3. Insert Your Debit Card or Tap at a Contactless ATM

When you locate your bank atm and insert or tap your debit card, the first thing that will appear on the screen will be that you will be asked to enter your atm pin.

Afterwards, several transactions options will be on the screen, like withdrawal, balance inquiry, deposit, etc. Choose the deposit option.

4. Choose Your Account

Checking or saving, choose which one you want to put money into. Select the correct option from your savings or checking accounts.

5. Choose From Cash or Checks

Most contemporary ATMs from large banks are equipped with scanning technology that can distinguish between bills and checks as well as the total amount you're depositing. Choose the cash option.

6. Check Whether the ATM Requires an Envelope 

If the ATM does not require an envelope, the ATM will tell you to insert the stack of bills. Nowadays, it's challenging to find an ATM that accepts envelopes for deposits.

But if you do, you'll need to manually enter the amount you're putting into the ATM after placing the bills, checks, and/or cash inside the envelope, sealing it, and writing the total on it. Your funds might not be available for a few business days because the bank needs to verify the deposit amount.

7. Verify Your Deposit

In the last step at the ATM, you need to make sure you put the right amount of money into the correct account. After you put in the amount you want to deposit, the ATM will ask you to confirm the amount you just put in. Just click “OK” and finish the transaction.

8. Wait For Confirmation and Take the Receipt

Take the receipt to confirm the transaction you just completed before you leave the ATM. The final thing you will do is, of course, get your debit card back.

That's it.

Conclusion:

Cash deposits into bank accounts used to be a lengthy process. For a 5-minute task, you had to go to the bank and stand in a huge line. Cash deposits, however, have grown more practical as Automated Teller Machines (ATMs) have become the norm.

You don't need to go to the bank any longer to deposit money into your account. At ATM kiosks, you can now directly deposit money.

Is It Possible to Deposit Cash to an Online Bank Account?

Depositing money into an online bank account could be a little more challenging than a traditional bank account. You may, however, make a cash deposit into your online bank account, so don't worry.

To enable consumers to deposit and withdraw cash, several online banks collaborate with or share networks with ATMs. Many online banks are members of standard ATM networks like Allpoint, which enable free cash deposits from customers.

To find out which ATMs you may use to make deposits and whether there are any rules or limits you need to be aware of, it would be advisable to first check with your online bank.

Can You Deposit Cash at Any ATM?

If the ATM does not already have a relationship with your bank, you might not be able to deposit cash outside of the network at all. Some institutions allow cash deposits at non-network ATMs, but they charge a fee.

Keep in mind that in addition to what your bank charges you, out-of-network ATM providers may impose additional costs. Some banks process out-of-network ATM deposits slower than in-network ones in addition to collecting fees.

  • Using an out-of-network ATM may incur additional charges on top of the operator fee. Some banks may repay you for this sum, but not all do.
  • It may take much longer for deposits made at an ATM that is not part of the network to appear in your account. The time it takes for the amount to be reflected could possibly be up to three-four days.

Banks have a history of occasionally altering their fees. The same is true of ATM fees. Any impending charge changes will, however, be disclosed by banks in their fee disclosures.

How Much Does It Cost?

Depending on whether you utilize an international or out-of-network ATM, bank ATM fees can range from $1.50 to $5 or more for each transaction. You may incur a ton of additional fees if you use an ATM that isn't run by the bank you have an account in. In some cases, both your bank and the company running the ATM you use will charge you these fees.

When using an ATM that isn't a part of your bank's network, you're typically informed about a cost by the bank or business that runs the ATM. While banks' ATM fees range from $1.50 to $3.50 for noncustomers, non-bank ATM operators frequently charge up to $10 per transaction.

Bank/Financial Institution
Non Bank ATM Fee
International ATM Fee
Chase
$3
$3 + 3%
CitiBank
$2.5
$2.5 + 3%
Wells Fargo
$2.5
$2.5 + 3%
Bank Of America
$2.5
$2.5 + 3%
US Bank
$2.5
$2.5 + 3%
PNC Bank
$0
3%
Capital One
$2
$2 + 3%
TD Bank
$0
$0
Citizen Bank
$2
$0
Synchrony Bank
$0
3%

Note: Additional fees may be imposed by non bank ATM owners. (Usually $3 - $5 operator fee)

Can You Avoid ATM Fees?

There are two main ways if you would like to avoid the ATM fees:

  • Find nearby branches and accessible ATMs using the bank app, then deposit your cash there.
  • No matter which ATMs you choose to use, several banks offer free checking accounts with no non-network ATM fees at all. Some banks go even further with this policy by providing refunds for any ATM fees you pay to other businesses.

Problems With ATM Deposits

ATM deposits are, without a doubt, one of the simplest ways to deposit your money, but they also have some drawbacks that you should be aware of in advance.

  • Keep safety in mind – Bringing cash to an ATM increases your risk of being robbed or having your card details and PIN stolen. Consider where your ATM is located, stay in places that are well-lit, and keep in mind that there is safety in numbers.
  • Technical errors – Your transaction could become stuck on the ATM occasionally due to technological issues. It can take a lot of work to solve the problem.
  • Not having a nearby bank ATM – In most cases, you won't be able to use the ATM of another bank to make deposits. Therefore, it may become an issue if there is not an ATM from your bank located nearby.
  • Funds deposition in your account – When you deposit at an ATM, your money might not be available right away. You should receive your money faster if you complete the deposit in person with a bank representative. However, keep in mind that you are accountable for any deposits you make.

Deposit Cash at an ATM: Tips For Smooth Process

It is simple to deposit cash at an ATM, but there are a few things to keep in mind.

  • Count your cash earlier properly – Prepare ahead of time organize your deposit so that you don't have to fumble with cash before inserting it into the ATM.
  • Out of station or on the road – Finding an ATM that can process deposits for your account may be challenging if you are travelling. Even if your bank has ATMs located abroad or is a member of a network, deposits may not be accepted by them.
  • Contact operator – If something goes wrong, the ATM operator will have to look at the transaction, any security footage, or the machine itself and report back to your bank. Most of the time, the company that runs the ATM is not your bank. 
  • Before moving out, locate ATM with the help of the bank's website or app – Finding an ATM might be difficult if one is closed, so using a website or app to find your bank's ATM beforehand makes things simpler.

How Much Cash Can You Deposit at an ATM?

The deposit limit probably won't cause as much concern. It doesn't matter how much money you can deposit; it's about how many bills are involved deposit in each transaction.

According to Western Bank, the majority of its ATMs can process up to 50 banknotes or 30 checks at once. If you have additional bills or checks, you can deposit them in different transactions.

If an ATM does have a deposit limit, it is usually fairly high. However, a small number of ATMs will place deposit limits on customers. You might be restricted if you made a sizable deposit and immediately tried to withdraw the money in this scenario.

These limitations will be in place to discourage users from making significant cash deposits to a machine that is already loaded with cash.

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FAQs

At Wells Fargo ATMs, your cash and check deposits will be added without any envelopes or deposit slips. At any of the thousands of Wells Fargo ATMs across the country, it's easy to make deposits.

Almost every Chase ATM lets you deposit cash and checks 24 hours a day and, 7 days a week.

You can withdraw cash, deposit cash and cheques, move funds across accounts, and view account balances at a Bank of America ATM.

You can deposit money into your Capital One account at any ATM, branch, or Café. Customers of Capital One can't deposit money in their accounts at MoneyPass® or Allpoint® ATMs.

The “smart” ATMs, which are among the PNC bank's 7,200 ATMs across the country and can be found at pnc.com/depositeasy, let customers cash checks and deposit cash or checks without an envelope. 24/7, 365 days a year

Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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