Most ATMs (automated teller machines) allow you to deposit cash as well as checks, but not all of them do. While making an ATM deposit can be a convenient way to add money to your checking or savings account, you’ll first want to take the time to find an ATM that accepts cash deposits – and to verify that your bank allows ATM deposits as well.
Before you run out with cash after banking hours, here’s what you need to know.
How to deposit cash at an ATM
1. Confirm that your bank accepts cash deposits
|Popular banks that allow ATM deposits||Popular banks that don’t allow ATM deposits|
First, check that your bank accepts money through its ATMs. In some cases, banks may accept deposits at ATMs located within branches, but not those that they place in other locations, such inside a grocery store. And some online banks, like Ally, Chime and Discover Bank, do not allow cash deposits at all – through an ATM or any other form.
Also, you may be able to withdraw money from another bank’s ATM, but you may not be allowed to make a deposit at it. This will depend on your bank’s agreements. For example, Bank of America, Chase Bank, Citibank and Wells Fargo do not allow you to make out-of-network deposits. Fortunately, there are plenty of ATMs that do allow you to deposit cash. Check your bank’s website for ATM locations and rules.
2. Find a cash-accepting ATM near you
To find an ATM near you that will accept cash, visit your bank or credit union’s website. It will likely have a branch and ATM locator that spells out the services that are offered. For example, SEFCU’s ATM/Branch Locator identifies ATMs that accept "cash and check deposits" or just "check" deposits.
If possible, use your bank’s ATM to avoid fees or delays in accessing your money. If you’re out of town and an ATM from your bank isn’t available, you may still be able to deposit cash in another bank’s ATM. Determine if your bank is part of an ATM network. For example, if your financial institution is part of the Allpoint Network, you can deposit cash at the ATMs it has inside major retailers, such as Target and Kroger.
3. Gather the necessities
To make a cash deposit, you’ll need your ATM card. Some banks, such as Chase, allow you to access the ATM with your “mobile wallet” app instead of a card.
Additionally, some ATMs require that you put the cash in an envelope with a deposit slip. You may also need a pen to fill out the deposit forms, so make sure to have one handy.
4. Insert your card and enter your PIN code
When you get to the ATM, insert your card and enter your personal identification number (PIN). You should have your PIN memorized to keep your account safe. Never share it or allow anyone to watch you enter your PIN.
5. Select the account
Every ATM is different so be sure to follow the instructions on the screen. Once you’ve successfully entered your PIN, select the “Deposit” option. If you have more than one account, choose where you want your money deposited, such as checking or savings.
6. Insert the cash and confirm the deposit amount
Many banks now use ATMs that are envelope-free, with technology that counts the cash for you. After selecting the deposit option and choosing the account, insert the cash. If the ATM still uses envelopes, you’ll need to enter the deposit amount before you insert the envelope.
The amount of money you can deposit at an ATM will vary by financial institution as well as the ATM. For example, One Nevada Credit Union doesn’t have a limit on the amount of cash that can be deposited at an ATM, but machines only accept up to 50 bills per transaction.
If your cash is damaged or doesn’t match images provided by the U.S. Department of the Treasury, it will be rejected. Also note that ATMs do not accept coin deposits.
7. Confirm any messages and wait for a receipt
Once you complete your deposit and verify the amount, be sure to follow the remaining prompts on the screen. Make sure to take your receipt and card, and confirm that you have been signed out of the transaction. Then you’re good to go.
How long will it take for your ATM deposit to clear?
If the ATM allows you to deposit cash without an envelope and counts it for you, your money may be available for use right away. The Federal Deposit Insurance Corp. (FDIC) states that cash deposits made in person to an employee of a bank must be made available for withdrawal the business day after the banking day on which they were received. However, cash deposits made at an ATM do not have to be made available until the second business day after being received.
Check with your bank or credit union to determine what time it considers the end of the business day. For example, Bank of America makes cash deposits made before 8 p.m. available immediately.
If you make a deposit at an ATM owned by someone other than your bank, your access to the funds may be delayed. The FDIC states that cash deposited at nonproprietary ATMs must be made available no later than the fifth business day following the banking day on which the funds were deposited. Check your bank’s policies for holding deposits.
Are there any fees for depositing cash at an ATM?
Some banks don’t charge any ATM fees. Unfortunately, others do, although they’re generally for withdrawals or balance inquiries from noncustomers, and not for cash deposits at ATMs. However, it’s good to know the fees you may incur, which may include:
- ATM operator’s fee: If you use an ATM that is out of your bank’s network, the owner of that ATM could charge you a fee, ranging from $1.50 to $10 per transaction.
- Non-network fee: In addition to the ATM operator’s fee charged by the ATM owner, your bank may also charge you a fee for the transaction, usually ranging from $2 to $3.50.
4 common issues to look out for when making cash deposits
- Safety: Any time you have cash out in the open, you expose yourself to the potential of theft. Choose your ATM wisely, staying in well-lit areas. If possible, don’t make the deposit alone. Also make sure to protect your PIN.
- Fund availability: If you need immediate access to your money, be sure to check your bank’s policies. You may decide to wait to make your deposit when you can do it in person or at your own bank’s ATM to expedite access.
- Access to in-network ATMs: When you’re out of town, it may be difficult to find an ATM that will accept your deposit. If depositing cash on the go is important to you, it’s a good idea to ask this question before you open an account with a new bank.
- Potential ATM errors: While they’re rare, ATMs aren’t infallible. If an error is made on your transaction, reach out to the owner of the ATM immediately to start an investigation into the transactions.
ATM deposits FAQCan you deposit cash at any ATM?
No. Not all ATMs are set up to take cash deposits. Some only dispense money, and some only accept cash deposits from customers.How much cash can you deposit at an ATM?
The amount of cash you can deposit will vary by financial institution as well as the ATM. Some machines can only accept a certain number of bills.How do you deposit cash with an online bank?
If you have an account with a local bank, make a deposit and electronically transfer funds to an online bank. You can also deposit cash to an online bank that has ATM access, such as with Capital One. Another option is to convert your cash into a money order or cashier’s check, and then make the deposit by mail or through the online bank’s app.