Can You Deposit Cash Into Your Bank Account at an ATM?

You can generally deposit cash into your bank account at an Automated Teller Machine (ATM). While many ATMs offer this convenience, not all are equipped to accept cash deposits. The ability depends on the machine’s capabilities and its affiliation with your bank.

Preparing for an ATM Cash Deposit

Before heading to an ATM for a cash deposit, confirm the machine’s functionality. Not all ATMs accept cash; some are designed only for withdrawals or balance inquiries. You can identify a deposit-enabled ATM by looking for specific signage or by checking your bank’s website or mobile application, which provides an ATM locator.

For the most reliable experience, use an ATM that belongs to your own bank. Third-party ATMs typically do not accept cash deposits, or they may impose additional fees and longer processing times. To initiate a cash deposit, you will need your debit card and PIN. Prior to inserting your cash, ensure that all bills are flat, unfolded, and free of any foreign objects, as this helps the machine process them accurately and prevents jams.

Depositing Cash at the ATM

Once at a capable ATM, insert your debit card into the designated slot and enter your PIN. This authenticates your identity and grants you access to your account options. Navigate the on-screen menu to select the “Deposit” option, then choose cash or checks, and the specific account (e.g., checking or savings) where you wish the funds to be credited.

The ATM will prompt you to insert your cash into a clearly marked cash acceptor slot. Modern ATMs often allow you to insert a stack of bills at once, which the machine will count automatically. The total amount will be displayed on the screen for your review. Verify this amount carefully before finalizing the transaction and always take the printed receipt as proof of your deposit.

Important Considerations for ATM Cash Deposits

Financial institutions often implement daily or per-transaction deposit limits. These limits are typically based on the number of bills the machine can accept, which may range from approximately 40 to 100 bills per transaction, rather than a specific dollar amount. While cash deposits are often immediately available, some banks may place a temporary hold on funds, especially for larger amounts or if the deposit is made outside of normal banking hours. Check your bank’s specific policy on funds availability.

Retaining your ATM receipt is important, as it serves as a record of your transaction, detailing the date, time, location, and amount deposited. This receipt can be useful for your personal record-keeping or if discrepancies arise with your account. Should an issue occur, such as an incorrect amount or ATM malfunctioning, contact your bank immediately, providing them with the transaction details from your receipt. Banks are required to investigate such discrepancies, with resolutions typically taking 10 to 45 days.