i always go inside, but i never knew you could do it at atm how does that work?
2007-07-07 10:02:33 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Making a check deposit either inside or at an ATM is the same thing, they still get processed at the same time. Either way if you deposit the check before the cut-off time, the funds are available the following business day. Keep in mind if you make a check deposit inside nothing is available 'till the following business day, but if you make an ATM deposit, the first $100.00 are available immediately. Also, if they place a hold on an ATM deposit, under Regulation CC (I believe) they are supposed to refund any types of fees for a delay of funds without immediate notice. Hint: try getting direct deposit, much easier and saves time.
2007-07-07 10:39:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Most atm's will have an envelope in them. you take out the envelope and it acts as a deposit slip. You put your check in the envelope and write all the information it resuest. Then do a regular atm transaction with your card. There should be a tab for deposit. The one thing is the money may not be available right away like it would be if you went inside. It will tell you your balance but will also tell you the available balance. You have to wait for the next day for them to process the check. Unless it is friday but this may vary from bank to bank so you should contact them. You can also deposit cash as well.
2007-07-07 10:25:28 · answer #2 · answered by jlo003 2 · 0⤊ 0⤋
Just so you know about the other half of the transaction.
You deposit the check in an envelope. When the ATM is emptied, the envelope is opened by two tellers, one entering the transactions, the other acting as a control so the first person does not deposit all the money into their own account. The money is deposited to your account at the time it is opened as though you had just personally appeared. It will then be treated as any other deposit.
In some states, you can deposit to any bank from any ATM. If you deposit it to another bank, then the receiving bank provisionally credits your account subject to check clearing.
2007-07-07 10:15:45 · answer #3 · answered by OPM 7 · 0⤊ 0⤋
Sign the check, make out a deposit slip, with account number, amount, number of check, etc. Put essential information on envelope also. Then put in debit card, punch deposit, amount, etc., and your ready to go.
Very easy.
2007-07-07 10:11:57 · answer #4 · answered by tetris05 2 · 1⤊ 1⤋