Can You Cash a Check at an ATM? Steps, Costs, and Key Details

Depositing checks through ATMs provides a convenient alternative to visiting a bank branch, offering flexibility for individuals with busy schedules. This method allows access to funds outside of traditional banking hours and is now a standard service at many financial institutions.

Account Qualifications

To cash a check at an ATM, you typically need a checking or savings account with the bank. This enables the bank to securely deposit the funds and verify the check’s authenticity. Some banks, such as Chase and Bank of America, limit ATM check cashing services to account holders. Additionally, the type of account can impact fund availability. For example, Wells Fargo offers faster processing for Preferred Checking account holders.

Step-by-Step Process

First, confirm that the ATM supports check cashing, as not all machines offer this feature. Endorse the back of the check with your signature and, if required, write “For Deposit Only” followed by your account number. Insert your debit card into the ATM, enter your PIN, and select the check deposit option. Modern ATMs use scanning technology to read check details, reducing errors and expediting the process.

Funds Clearing Timelines

Funds clearing times depend on the bank’s policies, check type, and amount. Under federal regulations, banks must make the first $225 of a check deposit available by the next business day, but full clearance may take two to five business days. Larger checks, over $5,525, or deposits from accounts with insufficient funds history, may experience longer holds. ATM deposits can also take additional time for verification, particularly if made after the bank’s cutoff time, usually around 5 PM.

Costs and Charges

While many banks provide ATM check cashing at no cost for account holders, fees may apply for expedited processing or non-standard checks. Deposits in foreign currency may incur conversion fees. Using ATMs outside your bank’s network often results in charges ranging from $2 to $5 per transaction. Some banks, such as CitiBank, waive fees for certain account types. Delayed fund availability could lead to indirect costs, such as late payment fees for missed bill deadlines.

Other Methods for Cashing Checks

ATMs are one option for cashing checks, but visiting a bank branch offers immediate access to funds if your account balance is sufficient. Non-account holders may face fees—for example, Wells Fargo charges $7.50 to cash checks drawn on its accounts. Retailers like Walmart also provide check-cashing services, charging $4 for checks up to $1,000 and $8 for checks up to $5,000. These alternatives serve the unbanked but are limited to specific check types and often come with higher fees than banks.