How to Deposit a Check at an ATM
Confidently deposit checks at an ATM. This guide covers the entire process, ensuring a smooth experience from start to finish.
Automated Teller Machines (ATMs) offer a convenient and accessible method for managing your finances, including depositing checks. They allow individuals to complete banking transactions outside of traditional banking hours, providing a quick way to add funds to an account without needing to visit a teller. This makes ATMs a widely used tool for everyday banking needs.
Preparing Your Check for ATM Deposit
Before heading to an ATM, properly preparing your check is an important step for a smooth deposit. Endorse the check by signing your name on the back within the designated endorsement area. For added security, write “For Deposit Only” followed by your account number underneath your signature. Use blue or black ink for endorsement.
Gather your bank debit or ATM card and know your Personal Identification Number (PIN) to access your account. Review the check itself. Verify the date is current, payee information is correct, and both numerical and written amounts match. Addressing discrepancies before visiting the ATM prevents processing delays.
Step-by-Step ATM Check Deposit
Insert your debit card into the ATM and enter your Personal Identification Number (PIN), shielding the keypad for security. The ATM screen will display transaction options.
From the main menu, select “Deposit,” then “Check Deposit.” Specify which account the funds should be deposited into, typically checking or savings. The ATM will prompt you to insert your check into the designated slot. Diagrams on the machine will guide you on the correct orientation for insertion.
After the ATM scans the check, it will display the recognized amount for your review. Verify this amount accurately matches the value written on your check; if there is a discrepancy, the ATM usually provides an option to correct it. Once details are confirmed, finalize the transaction by selecting the appropriate on-screen option. Take your printed receipt, which serves as proof of your deposit, and retrieve your debit card before leaving the ATM.
What Happens After Your ATM Check Deposit
After completing your ATM check deposit, retain the transaction receipt as proof. Funds from a check deposit are not available for immediate use. Processing times take one to two business days for funds to become fully accessible. Financial institutions have cut-off times, often around noon for ATM deposits; deposits made after this time are processed on the next business day. Business days exclude weekends and federal holidays.
Federal regulations, specifically Regulation CC, govern how quickly banks must make deposited funds available. The initial $225 to $275 of a check deposit is made available by the next business day, with the remaining balance accessible by the second business day. Longer holds may apply for deposits exceeding $5,525, new accounts, or if the bank suspects fraud. Deposits made at an ATM not directly owned by your bank might experience extended processing times, up to five business days. Confirm the deposit’s status by checking your account balance or transaction history through online banking or your bank’s mobile application.