to pay my rent today, but it held my cash??
I didn't realize that bank machines held cash... i need to pay my rent today but its held??? what can i do??? will they stop holding it if i talk to them???it was $150... thanks! ( im in ontario canada)
2007-06-29 02:20:52 · 4 answers · asked by thankgodformaryjane 4 in Business & Finance ➔ Personal Finance
the bank let my boyfriend get away with it once... when he did the same thing...
2007-06-29 02:31:59 · update #1
No, any deposits made into an ATM are held pending verification of them. If you went to the ATM last night, the deposit won't be available until tomorrow morning, since the ATM won't be emptied until today sometime. Then they have to manually count the deposit to make sure it's correct.
Otherwise, people would be "depositing" empty envelopes ALL the time!
2007-06-29 02:26:30 · answer #1 · answered by zippythejessi 7 · 2⤊ 0⤋
Although I am not in Canada, this is how ATM deposits typically work: whenever you put any deposit into an ATM, it is not technically credited until the bank employees open the machine and get out the deposits for the tellers to work. This typically occurs once every 24-hour period Monday thru Friday, at the same time each day - hence the notices about "deposits made after X time wil not be credited until X time". The machine does work the deposit, it's really just like the night deposit slot, only you have a receipt. Because people can put empty envelopes in the ATMs and tell the machine it's a deposit, your account cannot truly be credited until those deposits come out to be worked by the tellers. Until then, they don't know if it's cash, a check, or someone putting in a fake deposit. It is usually better to use the night drop than the ATM if you are putting it in after the bank has closed or up to an hour before the bank opens in the morning. Banks typically work the night drops first thing in the morning, in that 30 minutes to an hour before the bank opens. But they might not do the ATMs until after lunch or later. The ATMs are usually taken offline at a set time each day to be balanced, and that is when they get the deposits out to be worked.
2016-05-18 21:38:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
As with my bank,if I deposit any money it is held for 5 days.I have cash back though my bank.Maybe go into your branch and apply for a cash back for the machine,or go in person and withdraw the money.They can also over-ride it if you see a customer service rep.
2007-06-29 02:30:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Was your account over drawn...if so then that's what's holding your money...Also it all depends on your bank and how they hold there forms.
2007-06-29 02:30:17 · answer #4 · answered by danxtsupamodel 5 · 0⤊ 0⤋