How to Deposit Money When Bank Is Closed

When traditional bank branches close, the need to deposit funds does not always cease. Many individuals find themselves needing to deposit cash or checks outside of regular business hours. Modern banking offers convenient and secure alternatives, ensuring access to essential services around the clock.

Depositing through Automated Teller Machines (ATMs)

Automated Teller Machines provide a widely accessible method for depositing funds at any time. Before visiting an ATM, have your bank’s debit card, Personal Identification Number (PIN), and the cash or properly endorsed checks ready. For optimal processing, use an ATM owned by your specific bank, as deposits at non-affiliated ATMs may not be accepted or could experience longer processing times.

The process for depositing cash begins by inserting your debit card and entering your PIN. Select the deposit option and choose whether you are depositing cash or checks. When depositing cash, the machine prompts you to insert bills into a designated slot, often recognizing the amount automatically. Cash deposits often become available immediately or by the end of the same business day if made before a cut-off time, usually around 8:00 PM local time.

For check deposits, after selecting the check deposit option, insert the endorsed check(s) into the machine’s slot. The ATM may scan the check and display the amount for verification. Confirm the displayed amount matches your deposit to prevent discrepancies.

While a portion of a check deposit, such as the first $275, might be available the next business day, the remaining funds typically become available within one to two business days. However, for checks deposited at an ATM not owned by your bank, funds may take up to five business days to become available. Always retrieve and retain the transaction receipt as proof of your deposit.

Using Mobile Banking Applications

Mobile banking applications offer a convenient way to deposit checks without visiting a physical location, using just a smartphone or tablet. To use this feature, ensure you have your bank’s official mobile app installed, a stable internet connection, and the physical check ready. Properly endorse the back of the check with your signature and the phrase “For Mobile Deposit Only.”

After logging into your mobile banking app, navigate to the deposit section, often labeled “Deposit a Check.” You will be prompted to enter the check’s amount and select the account for the deposit. The application guides you to take clear photos of both the front and back of the endorsed check. For best results, place the check on a dark, plain background in a well-lit area, ensuring all four corners are visible and the image is not blurry.

Upon capturing the images, review the deposit details for accuracy before submitting the transaction. Banks often impose daily and monthly limits on mobile check deposits, which can range from a few hundred dollars to several thousand, depending on your account history and relationship with the bank. For instance, daily limits might be between $500 and $2,500, with monthly limits reaching $10,000 or more. Funds typically become available within one to two business days, although some banks may offer options for faster availability, sometimes for a fee. It is recommended to securely store the physical check for seven to fourteen business days after a successful mobile deposit.

Exploring Night Deposit Boxes

Night deposit boxes provide a secure, physical option for depositing cash and checks outside of regular banking hours, useful for businesses and some individual account holders. Before using one, confirm if your bank branch offers this service and if special deposit envelopes or a key are needed. These boxes are typically located on the exterior of the bank building, providing 24/7 access.

The procedure involves completing a deposit slip, placing it along with your cash or checks inside a secure, bank-provided envelope or bag. This sealed container is then inserted into the night deposit box. Unlike ATM deposits, funds placed in a night deposit box are not processed immediately. Bank staff retrieve the contents from the box on the morning of the next business day.

Consequently, funds deposited via this method are generally credited to your account and become available on the next business day following retrieval. For instance, a deposit made on a Friday evening would typically be processed on Monday morning, with funds available later that day or Tuesday. When using a night deposit box, approach discreetly and ensure the area is clear before making your deposit, prioritizing personal security.