If I go put a cash deposit in the ATM right now will it show up right away in my available balance?

Answer 1

Assumptions made:
Cash is deposited. ATM mechanically counts cash on the spot, supposedly up to fifty bills in some machines. Recommend putting in ten pieces at a time for accurate count.

Based on size, complexity and repute of the Bank (that you bank with), it may have some bearing on Two possible technological processes used:

Batch Processing: NO. Wait next working day.
Live Feed to link Automatic Teller Machines (ATM): YES. your balance on the screen or printed statement shows up right away.


Batch Processing: Bank details updated the following working day. Avoid depositing into these ATMs as information is not linked to a central bank database.

Live cases in England, Thailand, India and some states in America on first trial run of ATM application lead to misappropriation of funds:

Person or group of persons, withdrew cash from one ATM, checked the balance had changed. Proceeded to another ATM, checked bank balance by chance and realized balance had not changed at a separate ATM location.

Same said persons proceeded to withdraw cash from several separate ATMs, each time reducing bank balance from five hundred to four hundred. By the time authorities uploaded the batch information from ATM to the main bank computer and realized the said persons overdrew by several tens of thousands, the culprits had left the city.

Post Mortem: A Thai bank had wanted to save money on implementation of ATM to rival Citigroup and made a cheap mistake of what could potentially be devastating. In one instance, the whole ATM was carted off by a truck in Malaysia and the details of transactions were lifted off the ATMs by fraudsters. Similarly in some states in America.

Bottom Line:
Do not be Penny wise Pound foolish, as local banks found out to their misfortune:
Unsure ? Avoid depositing into these ATMs as the information is not linked to a central bank database.
No other choice ? Deposit closer the time of data retrieval the following day.


Live Feed: Information is linked through an Intranet. Transactions as it occurs are processed immediately at the central bank.

Post Mortem: Banks with instantaneous transaction recordings require information systems support that are usually costly, and not to be underestimated as a small business decision to install such IT systems; cables cost money to lay under streets.

ATM territorial dispute is common in early banking growth of most countries to date. Citigroup used to dominate certain markets through ATMs that allowed "better customer focus."

Local banks of the country under threat of new competition tend to underestimate the undertaking in cost, strategy and customer influence of ATMs. They tend to use much cheaper batch processing above.

Chronological developments see inter-bank leasing of ATM facilities to one another; customer and/or bank pay a lease fee to use a competing bank's ATM.

Bottom Line:
Live update linked ATMs are preferred as the information is linked to a central bank database. All transactions are recorded now, as you deposit or withdraw your hard earned cash. Even as the ATM or cash from the is stolen, your transactions have been recorded at the bank’s central processing house. With your receipt, you may proceed to claim back cash lost.


(Note Answers contributions:
Cash in envelope is not an ATM Cash Deposit;
Cash in envelope is similar to a cheque and cash drop-in, as opposed to cash counted and recorded on the spot by the ATM.)

Answer 2

It is perfectly save to dep. cash into an ATM, as a rule 2 people have to open the envelopes at the branch at all times, this will avoid any "theft" by the tellers, i would rather dep. the cash than carry it w/me & get mugged. You can always put a claim/dispute w/the bank if there are any discrepancies. Now, if you dep. the money in an ATM @ a branch, whether inside or outside the branch, they will take the envelopes from the ATM's the next business morning (if dep. mon. then tues., if fri. then sat. if branch is usually open, if sat. or sun. then mon.) of course unless the next day is a holiday. MOst banks will give you then 1st $100 for w/d or for checks coming in. Good luck!!!

Answer 3

Depending on what time it is when you deposit it, will dictate when it shows up. If you deposit it before the bank closes, it could be available within 24 hours. If you deposit it after the bank closes, it could take longer because they don't process information until after hours. However, every bank is different, so the best answer would be to ask the bank teller when your funds would be available.

Answer 4

No in most cases the Bank checks ATM deposits every other day and they will not actually credit it to your account until they have found that the money you say you deposited in really in the envelope! Best of Luck!

Answer 5

Depends on the bank I believe as my bank will allow a portion of the funds to be available up to a max of 100.00. The rest take 24 to 48 hours to be processed through.

Answer 6

It depends on your banks rules for deposits. At my bank it does show up instantly.

Answer 7

No it could take a max of 48 hours.

Answer 8

It depends on your bank.