Quote:
Originally Posted by Peaches
First of all, it's just plain crazy to put a check or ANY deposit into an ATM, IMO. But what's happening is your bank is giving you a "float" based on your past business there. Obviously if you're putting it into an ATM and taking the money right out, the check hasn't been processed. Hell, a real human hasn't even seen it!!
|
Which is why most banks now limit the amount of your deposit that goes into available funds. People got smart and started making large "deposits" that were really just empty envelopes and then they'd use their debit card or ATM card to take all the money out, leaving the bank holding the bag.
I would always avoid putting a deposit in an ATM, esp. a cash deposit. What stops the teller from putting the cash in their pocket the next morning and saying "Opps, we never got your deposit". If I had to do it in an emergency, I would probably show the camera in the ATM each bill and then show me putting it into the enevelope, sealing it and shoving it into the little slot.