
Make a note of any restrictions and fees. The bank should have a list of authorized ATMs on its website or in its mobile app. Tips for Making Cash Deposits at an ATMįamiliarize yourself with your bank’s policies concerning ATM cash deposits. In India at this point in time ATMs are only accepting cash for bank accounts of their own bank. Often, banks mainly accept cash deposits at branch ATMs or machines that are part of a more extensive ATM network. Check with your online bank to see if you can make cash deposits at ATMs and for any rules or limits you need to follow. Some online banks do allow cash deposits at ATMs. Instead of cash deposits, online banks may offer other options like bank transfers and mobile check deposits.

That’s because online banks typically don’t have the overhead costs associated with traditional brick-and-mortar banks. Online banks are known to provide higher interest rates and convenient ways to bank digitally. Can You Deposit Cash Into an Online Bank Account?īecause of the nature of online banks, they tend to offer fewer cash deposit options, including ATM cash deposits. It accepts notes again of the same denomination to the same amount. Amounting again to INR 50,000.ĬRM: Cash Recycle Machine also accepts notes in bulk and verifies them instantly. It can accept 30 notes for one account at a go of 100, 500, 2000 only. SNA: Single Note Acceptor accepts just one note at a time and pulls the note inside and verifies it. BNA accepts 200 currency notes for one account at a time of 100, 500, and 2000. There are three kinds of ATMs accepting deposits.īNA: Bunch Note Acceptors accept currency notes in a bunch and quickly verify and deposit money in the account. Your bank-or the cash machine-may determine these limits. You’re more likely to encounter limits on the number of individual bills you can deposit at a time. Check with your bank to see if it has any ATM deposit limits. Generally, there isn’t a limit on the dollar amount you can deposit at an ATM. If you’re using an in-network ATM, the deposit usually shows up within the same day or on the next business day.

Despite digital banking’s rising popularity, there are still areas where traditional banking excels-including if you want to deposit cash at an ATM.
