Should I avoid depositing large checks via ATM?

[johnjohn320]

Is it really any safer to deposit it in the bank?

 

[isekii]

Checks should be fine.

it's depositing cash i'd be worried about

 

[BoomerD]

We've had 2 different banks "lose" our deposits through the ATM's and refuse to use them for deposits anymore.
Ys, they finally "found" them (both deposited the money into someone elses accounts) but it always takes a couple of weeks to get straightened out. Much simpler to just go to the bank. (even though we've had tellers do the same thing a couple of times...)

 

[imported_Imp]

Originally posted by: isekii
Checks should be fine.

it's depositing cash i'd be worried about

Yep, that's what I've been taught. An "insider" can't do much with a check after you endorse it without you knowing (as far as I know and I don't know much). However, nothing is stopping a $50 from being "misplaced" when they count it up.

 

[pyonir]

I deposit checks at the ATM only. Have for the past 8+ years. Not once has a mistake been made.

 

[irishScott]

Depends on the bank. I make all of my deposits through my bank's ATMs. Don't use 3rd parties. Aside from the transfer charge, it also increases the chances of loss.

 

[pyonir]

Originally posted by: irishScott
Depends on the bank. I make all of my deposits through my bank's ATMs. Don't use 3rd parties. Aside from the transfer charge, it also increases the chances of loss.

well that's just common sense. Anyone that uses a 3rd party ATM to desposit a check is an idiot.

 

[RossMAN]

Originally posted by: isekii
Checks should be fine.

it's depositing cash i'd be worried about

Yep.

Checks you have a paper trail and can issue a stop payment.

Cash = no paper trail.

 

[intogamer]

Make a quick scan before depositing?

 

[Juno]

i only deposit checks thru bank if it's past the bank hours.

cash...should worry till next day.

 

[IGBT]

..I've been making 10k+ drops in checks for years. never a prob.

 

[Slew Foot]

Never had a problem here myself but WAMU doesnt charge you for using the teller so I like having a person process and confirm everything for me before I leave.

 

[soydios]

the new BofA ATMs scan the checks then and there, and tells you how much it thinks it should be.

 

[Dangerer]

the new bofa ATM's near my house can even count deposited cash now so I just deposit everything through ATM.

 

[Deeko]

Never had an issue, and its soo much faster than going inside.

 

[SoulAssassin]

I've deposited 5 figure checks without a problem. As others have said, I don't do cash that way though I've heard most banks have a policy that two people have to be there when they open the envelopes. Doesn't mean two people couldn't be in on the scam obviously but it probably limits it a little.

 

[altonb1]

Originally posted by: irishScott
Depends on the bank. I make all of my deposits through my bank's ATMs. Don't use 3rd parties. Aside from the transfer charge, it also increases the chances of loss.

I didn't even know you could make a deposit in a 3rd party's atm.