Can You Deposit a Cashier’s Check at an ATM?

A cashier’s check represents funds guaranteed by the issuing financial institution, drawing directly from the bank’s own account rather than a personal one. This makes them a preferred payment method for large transactions, offering security that personal checks do not. Depositing a cashier’s check at an Automated Teller Machine (ATM) offers convenience, allowing banking outside of traditional branch hours. This method streamlines the process, but involves specific considerations for proper execution and funds availability.

Preparing for Your ATM Deposit

The check requires a specific endorsement for correct processing. Sign your name on the back within the designated area. Write “For Deposit Only” followed by your account number directly below your signature. This ensures the check can only be deposited into your account, adding security.

The physical condition of the cashier’s check also impacts a successful ATM deposit. It should be free from tears, excessive folds, or damage that might prevent the ATM’s scanner from reading its details accurately. A clean and flat check helps ensure a smooth transaction.

ATMs have daily deposit limits, which can be lower for checks compared to in-person transactions and vary by financial institution. For large amounts, confirm your bank’s specific ATM deposit limits and policies beforehand.

Step-by-Step ATM Deposit Process

Begin by inserting your debit card into the ATM and entering your Personal Identification Number (PIN). This initiates the transaction and secures your access to the banking system.

After accessing your account, navigate the on-screen menu to select the “Deposit” option, then specify that you wish to deposit a “Check.” The ATM will prompt you to insert the cashier’s check into the designated slot. Ensure the check is inserted correctly, often face up and oriented as indicated by the machine. The ATM will then read the check and display the detected amount on the screen.

Carefully verify that the amount displayed by the ATM matches the amount on your cashier’s check. If prompted, confirm the deposit details. Always retrieve a printed receipt. This receipt serves as immediate proof of your deposit, containing transaction details, including the amount and a transaction ID, which can be important for your records.

Funds Availability and Verification

After depositing a cashier’s check at an ATM, funds are not immediately available for withdrawal. Financial institutions place holds on deposited checks to allow time for verification and collection from the issuing bank. While cashier’s checks are guaranteed funds, federal regulations allow banks to implement hold periods.

Under Regulation CC, funds from cashier’s checks deposited at a proprietary ATM (one owned by your bank) are required to be made available by the second business day following the deposit. If the deposit is made at a non-proprietary ATM (not owned by your bank), availability could be extended up to the fifth business day. For deposits exceeding $5,525 in a single day, banks may place an extended hold on the amount over this threshold, with the excess funds becoming available within a “reasonable time,” often up to five to nine business days. Holds may also be applied to new accounts or accounts with a history of being repeatedly overdrawn.

Banks reserve the right to verify the authenticity of cashier’s checks, especially for larger amounts, which can extend the hold period. While funds may appear in your account balance, they are not truly “available” until the hold period expires. Monitor your account through online banking or by contacting your financial institution to confirm when funds become fully accessible. Retaining your ATM receipt is helpful for resolution.

Other Deposit Options

Depositing a cashier’s check in person at a bank branch often provides the quickest access to funds, as a portion or the full amount may be made available on the next business day. This method also allows for direct interaction with a teller, who can immediately verify the check and address any concerns.

Mobile deposit through your bank’s smartphone application is another option, allowing you to photograph and submit the check digitally from almost anywhere. Many banks accept cashier’s checks via mobile deposit, though they may have specific daily or monthly limits, and some require a special endorsement like “For Mobile Deposit Only.”

Depositing by mail is also an option. This involves endorsing the check, completing a deposit slip, and mailing it to your bank’s designated processing center, typically resulting in a longer processing time.