If I deposit a pay roll check into a Chase ATM will my funds be instantly available?

Question

This question is intended for users of Chase bank. The ATM is not one of those envelope free ATMs.

Answer 1

In general your funds are not instantly available. They may credit some small amount that is instantly available ($200 or so).

Now, use your common sense and think about why they might do that. You could (I'm not saying you would...) deposit a blank piece of paper and tell them that it is a $1000 check. If they let you take the $1000 instantly and then discover that it is only a blank piece of paper then they are out $1000. As a courtesy to their customers they might be willing to risk $200 on a transaction. Since they have no way of determining if you are really making a deposit they don't credit your account right away.

Hope that helped.

good luck!

Answer 2

It depend on which Bank your talking about. Like for example.
Me and my mother have account in 2 different Bank. When I deposit a check of like 500$, I could draw 200$ right away. And take the rest, The next day.But in my mother's case. She have to wait 24 hour of the work days, To draw from the deposited check.

Answer 3

Your better off waiting till Monday..most banks only let you have access to the first $100. If you are depositing to clear a check, the deposit won't cover it..

Answer 4

next business day