How Do I Deposit Cash Into An ATM?

When you need to deposit cash or checks, your best option might actually be an ATM. Keep reading to find out How to Deposit Cash Into An ATM?

People often think of ATM’s as just a way to withdraw money. However, ATM’s also allow you to check your account balance, pay bills, and deposit checks and cash.

What To Bring To Make ATM Deposits

Some ATM’s such as Chase Bank allows you to just deposit your cash by just signing in. But, some financial institutions have additional requirements.

• A Debit or ATM Card is usually the only way you can identify yourself at an ATM. Next, you will need to sign-in with your PIN.
• Some financial institutions require you to fill out a deposit slip along with each deposit, even if it’s through the ATM. Remember to grab a few extra next time you are at a branch.
  • Additionally, you may want to bring your own pen to fill out forms. Branches may not have stocked up in pens and this will allow you to get in and out  faster.
• While it becoming increasingly less popular, some branches require your cash deposit to be in an envelope. This is to verify your individual deposit as well as prevent the ATM from jamming.

How To Make ATM Deposits

Once you have prepared your deposit slip and cash, you are ready to begin your deposit.

1. Verify that the ATM accepts deposits. Some ATM’s may be under maintenance and will not be accepting deposits at the moment.
2. Ensure your own safety by making sure your environment is safe. Don’t put yourself at risk by pulling out your money if you don’t have to.
3. Next, you will want to insert your debit card into the machine.
4. Be sure to cover the number pad when you are entering your PIN.
5. Follow the on screen instructions, such as selecting the “Deposits” option. Some ATM’s require you to verify the type of deposit you are making, e.g. Cash, Check, or both.
6. Now you will want to verify the account you are making the deposit to. Savings accounts are also accessible through ATM’s.
7. Some ATM’s will require you to verify the amount that you are depositing. Simply enter that amount using the number pad.
8. Insert the envelope or cash into the ATM. ATM’s often accept single deposits between 30 and 50 items at a time.
9. Verify the deposit is complete by requesting a receipt or by checking your account balance.
10. Remember to grab your Debit or ATM card after you have completed the deposit.

While you may think that your cash will be deposited immediately and you can start making debit transactions, this may not be true. Check with your bank before making purchases that may overdraft your account.

Strengths and Flaws of ATM Deposits

ATM Deposits may be your only option. Branches may be closed for the day, the weekend, or a holiday. If you urgently need to make a deposit you should definitely use an ATM.

If you don’t want to interact with Tellers consider a ATM. However, depositing cash can be dangerous. Don’t make the cash deposit if you don’t feel safe. Drive-thru ATM’s are much safer than walk-up ATM’s. Additionally, you may not want to get out of your car for whatever reason.

Online Banks are increasingly popular nowadays. One of their biggest flaws, however, is that it is difficult to make cash deposits. Using an ATM to deposit your cash are one of your options. Check out this guide if you want to deposit cash into an Online Bank.

Credit Unions usually only have a few branches in an area. Your options may be narrowed down to depositing cash at an affiliated ATM. You may have noticed that Credit Unions are associated with an extensive ATM network that gives its members access at any time or place.

Author’s Verdict

Simply follow this guide to Deposit Cash at an ATM. Remember to bring everything you need, always be aware of your surroundings, and take your debit card after you are done.

Finally, to get access to ATM’s consider applying for a Bank Promotion and you can earn a cash bonus for meeting minimal requirements at times.