My bank is Bank of America and I want to deposit my check thru the atm machine. But the thing is can i withdrawl my money right after I put my check in there because people said the money I put in will be in in my balance already.
Thats my first question and my second question is how do you deposit thru there?
2007-01-20 04:11:25 · 6 answers · asked by junior408 1 in Business & Finance ➔ Personal Finance
That depends on your bank's policy, which is probably dependent on your history with them.
Funds deposited by ATM aren't usually available until the next business day. For all they know, you could type in your are depositing a $1,000 check and be putting in an empty envelope.
However, if you have a good history, they will probably allow you to overdraft your account by a few hundred dollars, although they will probably hit you up with an overdraft fee of $30 or so dollars later on.
2007-01-20 04:17:05 · answer #1 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
How much you can take right back out after your deposit depends on your history with the bank like your average collected balance etc. Most banks treat ATM deposits just like they would a teller handled deposit, so if you make it after 3PM it will get credited the next banking day. As for making the deposit, you will need an ATM deposit envelop, normally they have them in a slot at the ATM. It has a form that looks like your deposit slip on the front that you fill out. You endorse your check and put it in the envelop. When you access your account you select "make a deposit" and follow the instructions. I would suggest you try to get on direct deposit if the check you are talking about it your paycheck. Normally, employers fund direct deposits a day before checks are distributed.
2007-01-20 07:11:46 · answer #2 · answered by Scott C 2 · 0⤊ 0⤋
Usually the bank will credit you for a certain amount of money (ex $100) until the check actually gets credited to the account. This does differ from bank to bank. You should check with them. Most banks take 24 hours (or more if it is the weekend) for the money to be completely available. Although the full amount may show up immediately when you check your balance, it may not be available for withdraw. BUT if you deposit it during banking hours (before 3pm) it should show up the same day. Call your bank and ask what their policy is.
2007-01-20 04:22:39 · answer #3 · answered by Anonymous · 1⤊ 0⤋
The economic employer "knew" who you have been the minute you inserted your ATM card to make the deposit. that's hassle-free adequate for them to tournament the envelope you inserted to your transaction. in case you looked on the envelope, it would desire to have reported that your call and deposit volume weren't required suggestion. That grow to be constantly imprinted on the ATM deposit envelopes at my economic employer, even nevertheless there grow to be a place you will possibly be able to desire to write it in in case you had to. do no longer challenge! now and lower back ATM deposits made after hours do no longer right this moment technique contained in the path of the economic employer. If that's nevertheless no longer there day after today, you are able to constantly call the economic employer then, yet i don't have self belief you have something to be bothered approximately.
2016-10-07 11:08:22 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Some banks credit ATM deposits either fully or partially immediately, and others don't.
Call your bank and ask.
2007-01-20 04:16:39 · answer #5 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋
usually you have to wait till the next business day for the bank to verify the funds
2007-01-20 05:50:41 · answer #6 · answered by Anonymous · 0⤊ 0⤋