Can You Deposit Money at an ATM and Online

You can deposit money at an ATM, but it's not always the most convenient option. Many banks allow you to deposit cash or checks at an ATM, but you'll need to check with your bank first.

You can also deposit money online, but this usually involves using your bank's mobile app or website to transfer funds from one account to another. This method is often faster than visiting an ATM.

Some banks even offer mobile deposit, which allows you to deposit a check by taking a photo of it with your smartphone. This can be a huge time-saver, especially if you're short on time.

To make an online deposit, you'll typically need to log in to your bank's online account, select the account you want to deposit into, and follow the prompts to transfer the funds.

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Here's a step-by-step guide to depositing cash at an ATM:

When depositing checks, you'll need to endorse them first. This means signing the back of the check to prove it's yours. Then, feed the checks into the deposit slot and let the ATM read them.

To verify the amount for each check, the ATM will display the amount on the screen. You can then confirm that the amounts are correct before completing the deposit.

It's worth noting that you may not be able to deposit cash at an ATM not owned by your bank. However, some credit unions use shared ATMs through the Co-op ATM network, and you may be able to use these ATMs to make deposits. Be sure to check with your credit union first to confirm.

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If you're looking for specific information about depositing money at an ATM, here are some bank-specific details to keep in mind. Capital One 360 allows its customers to make withdrawals and deposits at any Capital One ATM, and zero-fee withdrawals at any ATM on the AllPoint network.

Some online banks have arrangements with ATMs that you can use for free. For example, Capital One 360 has a partnership with AllPoint ATMs, which are located in stores like CVS, Walgreens, and Target. You can also use Zelle to transfer money from a conventional bank to your online bank account in minutes.

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Old National Bank is a regional bank based in Evansville, Indiana, founded in 1834.

They offer a range of personal and business banking services, including checking and savings accounts, loans, and credit cards.

Old National Bank has over 160 locations across seven states, making it a convenient option for those in the Midwest.

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Online-only banks can be a convenient option for managing your finances, but they often have unique deposit requirements. Many online-only banks don't handle cash deposits directly, so you'll need to explore alternative options.

If your online bank doesn't have any participating ATMs, you may be able to deposit cash at a traditional bank that has ATMs and cash deposit facilities, then transfer it electronically to your online bank account.

Some online banks partner with brick-and-mortar retailers and supermarkets that allow customers to safely deposit cash, often with an added fee. This can be a convenient option if you have a local store nearby.

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You can also use a cashier's check or a money order to deposit cash into your online bank account, depending on the bank's maximum limit. Some online banks have mobile check deposit options for this purpose.

Here are some alternative deposit methods for online-only banks:

Returning Checks can be a tedious process, but it's essential to know the ins and outs. Some banks allow you to deposit checks online through their mobile app.

You can return checks to the bank in person, by mail, or through their online platform. For instance, Bank of America allows you to deposit checks using their mobile deposit feature.

Make sure to check with your bank to see which method they prefer. Some banks may have specific requirements or restrictions for returning checks.

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Many cash deposit ATM machines don't cap the total deposit amount, but they may limit the total number of bank notes you can insert, which can range from $40 to $4,000 depending on the bills.

Your cash deposits are available to use instantly or by the end of the day, but it varies from bank to bank. Some banks may take up to five days for your money to be available, so it's best to check with your bank for its policies.

Your bank may hold a deposit for up to 5 business days under certain circumstances, such as if the ATM is too full or if there's a problem with the deposit.

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When making a deposit at an ATM, it's essential to know the limits and availability of your funds. Most banks have no upper limit for ATM deposits, but the U.S. Federal Government only insures up to $250,000 per person, per bank, per "ownership category" – that is, per type of account.

You can deposit as many checks or as much cash as you want, but keep in mind that checks usually clear after 1-3 business days, while cash deposits are often available immediately. However, your bank can "hold" a deposit for up to 5 business days under certain circumstances.

Some ATMs have a limit on the total number of bank notes you can insert, which can range from $40 to $4,000, depending on the bills you insert into the machine. This is because many cash deposit ATM machines only accept a maximum of 40 bills.

It's worth noting that ATMs can only hold a certain amount of cash and checks before they need to be emptied. If too many people make deposits in the same ATM, you may see an error message like "This ATM is not currently accepting deposits."

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Availability time varies from bank to bank.

Some banks make cash deposits available to use instantly or by the end of the day, while others may take up to five days for your money to be available.

Check with your bank to find out its policies.

If you have an online-only bank account, you may face some extra steps to deposit cash, but it's still possible. Many online banks participate in shared ATM networks, allowing customers to deposit cash without extra fees.

To deposit cash with an online-only bank, you can also use a traditional bank account to hold the cash temporarily, then electronically transfer it to your online-only bank account. Alternatively, you can buy a money order and deposit it using your online bank's mobile app.

Some online banks offer mobile deposit options through their apps, making it easy to deposit checks remotely. With mobile deposits, you simply upload photos of the check, front and back, and the funds will typically clear within 1-3 business days.

If you prefer to use an ATM, many online banks have partnerships with certain ATMs that allow you to make deposits without fees. For example, Capital One 360 customers can use any Capital One ATM or an AllPoint ATM, which is located in stores like CVS, Walgreens, and Target.

You can also transfer money from a conventional bank to your online bank using services like Zelle, which can process the transfer in minutes. Alternatively, you can link your conventional bank account to your online bank account on the conventional bank's website and transfer the funds electronically.

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