How to Deposit a Check at an ATM
Learn how to easily deposit checks at an ATM with our comprehensive guide, ensuring a smooth and confident transaction.
How to Deposit a Check at an ATM
Depositing checks at an automated teller machine (ATM) offers a convenient way to manage personal finances. ATMs allow deposits outside bank hours, providing flexibility. They are widely available for quick, efficient transactions. This streamlines the deposit process, bypassing direct teller interaction.
Preparing Your Check for Deposit
Before approaching an ATM, properly prepare your check for a smooth deposit. Endorse the check by signing your name on the back in the designated area. For security, write “For Deposit Only” and your bank account number below your signature. This restricts the check’s use to deposit into your account.
Confirm the check is accurately completed and valid. Verify the current date, correct payee name, and matching numerical and written amounts. Post-dated or stale-dated checks (older than six months) may not be accepted. Have your debit card and account number readily available for the transaction.
Depositing Your Check at the ATM
To deposit a check, insert your debit card into the machine. Enter your PIN to securely access your account. Select “Deposit” from the on-screen menu. Choose the account for deposit, such as checking or savings.
Insert your check(s) into the designated slot. Modern ATMs can scan checks individually or in small stacks. The ATM will process the check and display the detected amount. Verify this amount matches the check’s value. If there’s a discrepancy, correct it before proceeding.
After confirming the deposit amount, the ATM will present a transaction summary for your approval. Review for accuracy, then select “Confirm” to finalize the deposit. The ATM will ask if you want a receipt. Always choose a physical receipt; it serves as immediate proof of your transaction, including the deposit amount and reference number.
Understanding Fund Availability and Records
After completing your deposit at the ATM, retain your printed receipt. It records the deposit amount, date, time, and sometimes a scanned image of the check. This receipt helps reconcile bank statements or address deposit questions.
Funds deposited via ATM may not be immediately available for use. Banks have fund availability policies, often requiring one to two business days for local checks to clear. Deposits on weekends, holidays, or after cutoff times are processed the next business day. Review your bank’s fund availability schedule online or via their mobile app. Monitor your account online or via the app to track when funds are available.