Can i deposit money at an atm thats not my bank

These days, many financial transactions happen digitally. But if you find yourself with cash, you might be wondering if you can deposit it at an ATM. The short answer: Yes, it's possible.

However, not all ATMs accept cash, and some of those that do charge fees. So if you want to deposit cash at an ATM, learn how to choose the right one and what steps to take next.

Before You Go to Make a Deposit

If you have cash that you'd like to deposit via ATM, it's a good idea to do a bit of prep work. First, you'll need to locate an ATM that accepts cash deposits. "Not all banks or ATMs will offer this feature," says Anthony Martin, CEO of Choice Mutual Insurance Agency.

He says your best bet is usually an ATM that's associated with your bank or its network. For instance, Allpoint is a network of about 55,000 ATMs around the world that allows customers from participating banks, credit unions and prepaid card providers to use them without fees. To find an in-network ATM, you can usually use your bank's website or mobile app to search by location.

You may be able to deposit cash at certain out-of-network ATMs as well. Keep in mind that if you do find an out-of-network ATM that accepts cash deposits, you'll likely have to pay a fee and wait a few business days for the funds to become available.

Also check whether any limits apply to cash deposits. In most cases, there is no cap on the dollar amount you can deposit through an ATM. However, there may be a maximum number of items you can deposit. Wells Fargo, for instance, limits the number of bills and checks you can deposit to 30 per transaction.

Finally, be extra cautious when handling cash at an ATM. "You can be vulnerable to robbery if you spend too much time openly counting and recounting cash," says Gates Little, president and CEO of The Southern Bank Co. He recommends having your money organized and secured in an envelope ahead of time. It's also a good idea to stick with ATMs that are well-lit and, ideally, secured behind a door that requires access via your debit card.

How to Make a Cash Deposit at an ATM

Once you're ready to deposit your cash, take the following steps:

• Log in to your account. Typically, ATMs require a debit card and PIN to access your bank account. Some banks, such as Chase, allow you to log in using a mobile wallet.
• Choose your account. If you have more than one account with the bank, you'll need to indicate which one the money is going into.
• Insert your bills. When prompted, insert the cash into the ATM. Some ATMs allow you to insert a stack of bills directly into the machine, while some may require you to put the money in a designated envelope first. If you do need an envelope, check whether you need to fill out any information on the envelope. 
• Double check the deposit. Be sure that the ATM counted the correct amount to be deposited.
• Get a receipt. Always keep a record of the transaction, just in case there are any issues with the deposit. Some ATMs let you choose whether you'd like to receive a printed receipt or have it emailed or texted to you.

What If You're With an Online-Only Bank? 

You might be wondering how to deposit cash if you have an account with an online bank. "Online-only banks are a bit tricky because they usually don't have brick-and-mortar branches with secure ATMs and bank tellers," Little says. There are some exceptions, such as Capital One, which does have physical ATMs and branches. It allows cash deposits at its Capital One branded ATMs, though not at MoneyPass or Allpoint partner ATMs.

Little says that an increasing number of online banks are also partnering with existing financial institutions to provide ATM services. Varo Bank, for instance, allows customers to deposit cash at Green Dot locations, which are typically found in Walmart, CVS, Rite Aid and other retailers. Keep in mind you may need to pay a fee for this service.

If your online bank doesn't allow cash deposits, there are a couple of potential solutions. If you also have a checking account at a brick-and-mortar bank, you may be able to deposit cash into that account and then transfer the funds to your online account. You could also consider converting your cash to a money order and then depositing it into your online-only bank via mobile check deposit. Again, this may involve a fee, depending on your bank.

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No, you can’t deposit cash at just any ATM. Not all ATMs are set up to accept deposits. And many banks and credit unions simply won’t let you deposit cash into your account using an ATM they don’t own or have a partnership with. Big nationwide banks are especially unlikely to allow the practice because they have enough of their own ATMs that it’s not worth the hassle. But that’s obviously not the case for many financial institutions. So some people may be able to deposit cash at any ATM. If that describes you, note that cash deposits at an ATM not affiliated with your bank or credit union will take longer than usual to process: up to 5 business days, rather than immediately or the next business day. Your bank or credit union won’t be responsible for such deposits if something goes wrong, either. You’ll have to contact the ATM owner.

Although each bank and credit union has its own policy regarding whether you can deposit cash at any ATM, you can get a good idea of what to expect by considering how some of the biggest players handle the issue. They account for a significant share of the deposit account market, after all.

These banks and credit unions let you deposit cash at any ATM:

• Capital One: You can deposit money at any ATM that’s part of the AllPoint network, over 39,000 ATMs total. For some accounts, you can get reimbursed for up to $15 in ATM fees from other banks per billing period, and this will happen within 5 business days.
• Navy Federal Credit Union: NFCU says you can make deposits at 9,000 CO-OP Network ATMs. But your deposit will be held for 5 business days before it’s available. And you can’t deposit more than $10,000 per day at CO-OP ATMs. There are no fees from NFCU or CO-OP. You’re allowed to use Visa/PLUS System and CashPoints ATMs, too, but not for deposits.
• PNC: You can deposit money at non-PNC ATMs, but your funds won't be available until 4 business days later. You might also be charged a fee by the ATM owner, but PNC reimburses some fees for their “Virtual Wallet” customers.
• State Employees Credit Union: You can make deposits at any CashPoints ATM. And you won’t be charged fees by CashPoints or SECU.
• TD Bank: Deposits are allowed at any ATM in the Cirrus or PLUS networks. Only the first $100 deposited will be available immediately, while the rest may take up to 5 business days. You may also have to pay a fee depending on the ATM.

These banks and credit unions don’t let you deposit cash at any ATM:

• Bank of America: Deposits can only be made at Bank of America-branded ATMs. Withdrawals, transfers and balance inquiries can be made from other ATMs, though a $2.50 fee from BofA will apply, likely in addition to an ATM-owner surcharge.
• Chase: You can only deposit cash and checks at Chase ATMs. Withdrawals, transfers and balance inquiries can be done at any ATM. Chase’s Total Checking and College Checking accounts charge a $2.50 fee for each out-of-network ATM transaction. Chase does not charge such a fee for the Premier Plus Checking account, but a fee from the ATM owner could still apply.
• Citibank: You can only deposit cash and checks at Citibank ATMs. You can use non-Citibank ATMs in the MoneyPass network to get cash, check balances or make transfers. Neither Citi nor MoneyPass will charge you a fee.
• Pentagon Federal Credit Union: PenFed only allows deposits at their own ATMs (or by taking a picture of a check with their mobile app). You can perform other functions like withdrawals at AllPoint or CO-OP ATMs with no fees. You can also withdraw from other types of ATMs but may be subject to a fee by the owner.
• U.S. Bank: U.S. Bank says you “generally” can’t make deposits at ATMs that lack the U.S. Bank logo. And if such a deposit is accepted, funds won’t be available until the fifth business day after the request. As usual, withdrawals, transfers and balance checks can be done at other ATMs. Some U.S. Bank checking accounts charge $2.50 per such transaction.
• Wells Fargo: You can only deposit funds into a Wells Fargo checking account at a Wells Fargo ATM. Withdrawals, transfers and balance inquiries work at other ATMs. But a $2.50 fee from Wells Fargo will apply, along with any applicable ATM-owner surcharge.

If you’re unsure about which ATMs you can use to make a deposit and what fees you may be charged, the best approach is to call your bank or credit union and consult your account agreement. This will generally be posted online. 

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Natasha Preston, Member

@natasha_preston • 03/26/18 This answer was first published on 03/26/18. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No, you can only deposit cash at specific ATM's that are especially set up to accept deposits. Also, the ATM you use must be owned by or in partnership with your bank or credit union. In order to make sure you use the right ATM, I suggest checking with your bank via phone or online. They’ll tell you where the closest ATM that takes deposits is.

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Sharon Moller, Member

@smoller • 03/07/18 This answer was first published on 03/07/18. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No, you can't. Only some of them have the "Deposit" function, and the ones that do are usually linked to specific banks.

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