Can I deposit cash through an ATM Machine?

Question

If so, does it matter what notes (like only $20 bills) I can deposit? Also, how long do I have to wait for the money to be in my account? Can I do it at any ATM machine?

Answer 1

You need to be careful with depositing money into an ATM machine. Some banks only allow you to deposit to their ATM machines.
i.e. If you bank at Wells Fargo and try to deposit at an US Bank ATM, you might not be able to do it.

Otherwise, money is typically available the next day after the deposit has been confirmed.

Answer 2

You can deposit cash in any denomination as long as it's paper bills at ATMs belonging to the bank your account is in only. Some banks have ATMs, like the ones in drug stores and 7-11s, that do not accept deposits so you'll have to check first to see if they do. The ones at the bank usually do accept deposits.

Cash usually shows up next business day unless you have a larger balance in which case you get credit immediately.

Answer 3

I've deposited cash into ATM's not owned by my bank. Call up your bank and ask what ATM networks you can use to make deposits, then look for that symbol on the ATM. My bank allows deposits through Star Shared Deposit network (see link below). Ask them when the money is going to be available too (the key phrase is "funds availability").

I do prefer to make cash deposits to bank-owned ATMs though, because there is fewer places where things can go wrong, and it's very difficult to prove anything when dealing with cash if things do go wrong.

Answer 4

I was able to deposit cash through the ATM machine. I do it all the time, & it doesn't matter what bills. Just make sure you write down the exact money on the envelope & type that exact money in the ATM, & it should deposit immediately. You can do it @ any bank ATM, but not any street or store ATM.

Answer 5

You would only make deposits at your bank or credit union's ATM, and then according to their policy. Don't just put money in an ATM without knowing what your bank allows! Many ATMs won't allow coins, except perhaps in a drop box used by businesses (don't put your money in there either without prior arrangements). Otherwise, checks, bills in any amount should be OK. Please contact your bank first - take care of your money.

Answer 6

Yea I have heard you can but it is very risky, you are better off only depositing checks through the ATM and any cash taken inside.

Answer 7

Of course, but use your bank atm not another banks.