How to Deposit a Check at an ATM
A practical guide to accurately depositing checks at an ATM. Understand each step for a secure and efficient transaction.
Depositing a check at an Automated Teller Machine (ATM) offers a convenient way to manage your finances outside of traditional banking hours. This method allows individuals to add funds to their accounts swiftly and securely. Understanding the proper procedures for an ATM check deposit can help ensure your funds are processed efficiently.
Preparing Your Check for Deposit
Before approaching an ATM, properly prepare your check. Inspect the check to confirm the payee name matches your account name, the amount is accurate, and the date is current. Any discrepancies could lead to processing delays or rejection of the deposit. Next, you must endorse the check by signing your name on the back in the designated endorsement area.
Consider writing “For Deposit Only” below your signature along with your account number. This restrictive endorsement ensures that the check can only be deposited into your specified account. Using blue or black ink is advisable for legibility, helping the ATM’s scanning technology accurately read the endorsement.
Steps at the ATM
Proceed to a deposit-enabled ATM. Insert your debit card into the machine and enter your Personal Identification Number (PIN) to access your account. The ATM screen will then present various transaction options, from which you should select “Deposit” and specify the account where the funds should be credited.
The ATM will prompt you to insert the check into a designated slot, which is separate from the cash slot. Some modern ATMs can automatically read the check amount, while others may require you to manually input the amount displayed on the check. After the check is inserted, the ATM will display the recognized amount for your confirmation. Finalize the transaction by confirming the details.
Completing Your Deposit and Next Steps
After completing the deposit at the ATM, take your printed receipt. This receipt serves as proof of your transaction, including details like the deposit amount and date. Retain this receipt until the funds are fully available in your account.
You can verify the deposit has posted to your account by checking your online banking portal or mobile banking application. Funds from ATM check deposits are not immediately available for withdrawal. Financial institutions make funds available on the first or second business day following the deposit, though a portion, such as the first $200-$300, may be available sooner. Longer holds may apply for larger deposit amounts, new accounts, or if there are concerns about the check’s collectibility.