Can I Deposit Cash at an ATM? | Free Banking & ATM Guide

In this article, we’re answering “Can I deposit cash at an ATM?” The short answer is “yes”. But the real answer is “It depends”.

We’ll explore the factors influencing whether cash deposits are available to you below along with answers to common questions we get about ATM services.

This article is part of our series on banking basics, ranging from opening different types of bank accounts around the world to understanding how various aspects of the banking system operate.

Feel free to use the table of contents to jump ahead to the sections most relevant to you.

Table of Contents

  1. Can I Deposit Cash at an ATM?
  2. Frequently Asked Questions
  3. Do You Want Help Opening Bank Accounts?

Can I Deposit Cash at an ATM?

Yes, you can deposit cash at an ATM. However, certain ATMs do have limits on the amount of cash that can be deposited in a single transaction. It’s also important to note that banking through an ATM outside of your bank network can result in additional fees being applied. 

In order to make a cash deposit at an ATM, the account holder will need to first insert their bank card and verify their account information. Next, the account holder will select “Deposit” from the available menu items. After confirming the total deposit amount and following the required steps, the deposit can be confirmed.

Most banks will have a “hold” on certain deposit amounts. This hold gives the bank an opportunity to verify the deposit amount prior to making the funds available for withdrawal.

Of course, there are certain ATMs that do not allow cash deposits at all. In most cases, these withdrawal-only ATMs are commercially operated and are available for convenience purposes. Not surprisingly, these commercial ATMs are not operated by financial institutions and are not located at a branch office.

In the following section of the article, we will be answering common questions about making cash deposits at ATMs.

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Frequently Asked Questions

Below are a few of the most common questions we receive from people looking into what an escrow account is. If you have further questions you would like to ask our team, don’t hesitate to get in touch.

Do ATMs Have Deposit Limits?

Yes, ATMs do have deposit limits. In most cases, these deposit limits are set on a per transaction basis. However, certain financial institutions also limit the total amount that account holders can deposit via ATMs per day.

When Will My Money Be Available When I Deposit Cash In an ATM?

Your money will typically be available the next business day after you make a cash deposit at an ATM. However, it’s important to note that all banks have different policies and certain deposits may trigger additional confirmations prior to transactions being cleared. Likewise, if you are using an ATM outside of your bank network, then it typically takes longer for money to become available.

How Much Money Can I Deposit In My Account Through an ATM?

The amount of money that you can deposit in your account through an ATM is usually limited on a per-transaction basis. In most cases, the average transaction limit is between USD 500 to USD 1,000. However, certain banks do allow considerably higher deposit amounts.

Can I Deposit $400 at an ATM?

Yes, you can deposit $400 at an ATM. In fact, most banks will allow a cash deposit of $400 to be completed at both in-network ATMs and ATMs outside of the bank network. However, there may be restrictions on when the funds become available. So, it’s important to confirm such restrictions prior to making a deposit.

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