To make a deposit into your bank account using your ATM card, there are a few steps to follow to ensure that your deposit gets to the destination bank account. Moreover, people do think ATM machines are meant only for cash withdrawal and some other transactions like a mobile transfer or purchasing of airtime, however, they are wrong.
There are designated ATM machines that are used in withdrawing cash and there are also ATM machines that help make deposits into your bank. This helps make it easy for the user and reduces frequent visits to the bank in any case. There are two ways to make a deposit at an ATM machine which is with or without an envelope.
To Make A Deposit With Envelope
To make an ATM deposit with the use of an envelope, the steps below are to be followed.
Check and verify that the machine accepts deposits. Inserting your ATM card and loginEndorse any required document and prepare a deposit SlipUsing the deposit envelope for the cashInserting the envelope and verifyingWaiting time
The next thing is to follow the steps carefully and at the end of the process, the transaction will be reflected in the recipient account.
Checking and Verifying– At this stage, all you are required to do is to check the ATM machine if it the accepts deposit and if it is with or without an envelope. This will determine if you will carry on with the other steps.
Inserting card and login– After verification that you are at the right machine, insert your card and enter your PIN for a login. Also, search for the deposit button or icon on the screen of the machine and click it to continue the transaction.
Endorse any required papers– Some deposit ATMs might require you to sign some cheques and maybe also fill a deposit slip for a good outcome from the transaction.
Using the envelope– At this point, you have to enclose all the cash to be deposited into the envelope and seal it safely with the help of the glue usually position at the top of each envelope. If the cash is in more than one envelope, you can use more than one envelope for a positive outcome.
Inserting the envelope and verifying– After all the processes and signings, insert the envelope into the machine cash port, ensure the money is properly sealed, and verify your card by entering any required PIN or the recipient account number.
Waiting– This is the last step which involves you waiting patiently for your deposit to be processed and you being notified of the outcome of your transactions.
How do I make an ATM deposit without an envelope?
To make the deposit at the ATM without using an envelope to enclose the cash, follow these steps.
Verify from the designated officer or your financial institution if the ATM machine accepts a deposit.
Endorse the checks if required to affect your transaction. Although not in all cases most ATM machines that accept deposits do require you to sign a check or a deposit slip to process payment.
Insert the filled check into the required port. You can do this by inserting the side of the check into a flat port on the side of the machine and sliding it into the machine. This will serve as the paperwork for your transaction.
Ensure that the money to be deposited corresponds to the amount written on the check.
Insert the naked cash into the appropriate slot.
Wait for the transaction to be processed or you can ask your bank how many hours it takes to affect your transaction.
Conclusion–
Making payments and doing business transactions during this 21st century has become very easy and encouraging that you can even go to a place where you would spend money. This has really helped in boosting the economic sector in the United States and beyond.
How much are the charges for an ATM deposit?
Most times, the deposit with an ATM machine is usually free but subjected to the policy of the bank *in question.
