In this article, we’re answering “Can I deposit a check at an ATM?”
In short, the answer is Yes. But there are several important factors you should consider before you proceed.
We’ll explore these factors and discuss some of the drawbacks of depositing checks at an ATM below.
This is part of our free series on banking basics, ranging from sending a bank transfer to understanding how to deposit checks, which you can access here right now.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Can I Deposit a Check at an ATM?
- What Are Three Ways to Deposit Checks?
- Frequently Asked Questions
- Do You Want Help Opening Bank Accounts?
Can I Deposit a Check at an ATM?
Yes, you can deposit a check at an ATM. In fact, account holders can often choose to deposit checks at their own bank’s ATM or another bank’s ATM. That said, it’s important to note that larger checks can take longer to clear. Likewise, when depositing a check at another bank’s ATM, the process will take several days longer than normal.
What Are 3 Ways to Deposit a Check?
Three ways to deposit a check include physically visiting a branch, depositing via a mobile application, and depositing via an ATM. However, these are not the only three ways to deposit a check. In fact, each of these options has variations for depositing checks as well.
In Person at the Bank
As mentioned, the first option is to deposit a check in person at the bank. However, you do not need to be present to do this. Instead, you can “endorse” the back of a check by signing your name. You can also choose to add the name of the person you are endorsing but this is not necessary. After endorsing a check, another person can take the check to the bank and cash or deposit it for you.
Mobile App
Mobile app depositing checks via a bank’s own application is a common way to deposit checks. However, third-party mobile apps like PayPal also allow for checks to be deposited directly into your fintech account. In other words, even if your bank does not have mobile check deposits, it is still possible for you to access this benefit through the assistance of a third-party mobile application.
ATM Deposit
ATM deposits are the third way to deposit checks. However, depositing checks at your own bank’s ATM is not always necessary. Instead, you can also deposit checks via a different bank’s ATM. However, it is important to note that checks deposited at ATMs generally take longer to clear. Additionally, checks deposited at another bank’s ATM can take longer than at your own bank’s ATM. Not surprisingly, this is not a common (or desired) option.
Do You Want Our Free Non-Resident Banking Guide?
Sign up here to receive our Free Non-Resident Banking Starter Guide and weekly updates on the best account opening options available:
Frequently Asked Questions
Below are a few of the most common questions we receive from people asking if they can deposit a check at an ATM. If you have further questions you would like answered, don’t hesitate to get in touch.
How Long Does a Mobile Check Deposit Take?
How long a mobile check deposit takes does depend on several factors, including your bank and the value of the check. Not surprisingly, larger value checks may take longer to clear and in certain instances, banks may request that you deliver the physical check for physical verification. Additionally, certain banks will have restrictions on when funds become available after a deposit. However, most checks will be deposited into your account and available for immediate use.
What Do You Do With a Check After Mobile Deposit?
After mobile deposit, what you do with a check is important. Most importantly, you need to keep the check for a minimum of five business days. The reason for this is that your bank may request that the physical check be sent to them for verification purposes. That said, certain banks may have longer periods where they can request a check, so you may want to confirm with them before disposing of checks. Secondly, you will want to write “MOBILE DEPOSIT” across the face of the check with the date of deposit in block letters. This ensures that no one can attempt to use the check in the future. After the holding period has passed, you can dispose of the check securely.
Is it Better to Deposit a Check in Person or ATM?
Whether it is better to deposit a check in person or at an ATM will depend on several key factors. These factors include the value of the check, how soon you want access to the funds, whether you are planning to use your bank’s own ATM, and your personal preferences. Of course, if you want immediate access to the check, it is best to visit a branch in person and clear the check with the teller directly.
How Long Does It Take for a Check to Clear When You Deposit at an ATM?
How long it takes for a check to clear when you deposit at an ATM will depend on whether you are depositing via an ATM that is in your bank’s own network or in another bank’s network. In other words, are you depositing at your own bank’s ATM.
If you are depositing at your own bank’s ATM, it usually takes between one and three business days for a check to clear. However, if you are depositing a check at another bank’s ATM, it can take considerably longer up to five and seven business days.
Do You Want Help Opening Bank Accounts?
If so, you can get access to GlobalBanks IQ in just a few clicks.
GlobalBanks IQ is our flagship international account opening solution. It gives you instant access to the…
+ Expert insights on which banks to choose & why
+ Step-by-step reports to open accounts in the best banking hubs
+ GlobalBanks international bank database & detailed bank profiles
+ Tried & tested banks for high-risk, offshore, & non-resident clients
+ Plus, get YOUR most pressing bank account opening questions answered by our team!
And “yes!” GlobalBanks IQ helps foreigners and non-resident individuals open bank accounts.
In fact, GlobalBanks IQ even helps non-resident, foreign & offshore entities open bank accounts.
Use the link in our menu above to learn more about GlobalBanks IQ. Or, contact us directly with any questions!
