Before You Begin
Before heading to the ATM, ensure you have:
- The cheque, properly filled out and signed by the issuer
- Your ATM or debit card
- Your PIN number
- Endorsed the cheque with your signature
- A deposit slip (if required by your bank)
Step-by-Step Process
1. Prepare Your Cheque
- Endorse the Cheque: Sign the back in the designated area
- Some banks require "For Deposit Only" and your account number
- Ensure the cheque is free of damage and errors
2. Locate a Suitable ATM
Use your bank's website or mobile app to find an ATM that:
- Accepts cheque deposits
- Is part of your bank's network to avoid fees
- Is operational and in a safe location
3. Start the Transaction
- Insert your debit card
- Enter your PIN
- Select "Deposit" from the main menu
- Choose the account type (checking or savings)
4. Insert the Cheque
Envelope Method
- Take an envelope from the ATM
- Place the cheque inside
- Fill out deposit details on the envelope
- Insert the sealed envelope into the deposit slot
Direct Scan Method
- Insert the cheque directly into the designated slot
- Wait for the ATM to scan and display the amount
- Verify that the amount is correct
- Confirm the transaction
Important Considerations
Hold Times
Most banks place holds on cheque deposits:
- Personal cheques: 2-5 business days
- Government cheques: Often available next business day
Keep Your Receipt
Always keep your receipt until the cheque clears. The receipt should show:
- Transaction date and time
- Deposit amount
- Account number (partially hidden)
- ATM location
Remember to always be aware of your surroundings when using an ATM, especially at night or in isolated locations.
Troubleshooting Common Issues
If you encounter problems:
- Cancel the transaction and remove your card
- Ensure the cheque is properly endorsed and undamaged
- Try another ATM if the issue persists
- Contact your bank's customer service
- Visit a branch if necessary
Alternative Options
Consider using your bank's mobile app for cheque deposits. Many banks now offer this service through their mobile banking applications.
For more information, visit:
- How to Endorse a Check
- Understanding Bank Hold Policies
- Federal Deposit Insurance Corporation (FDIC)
Note: If your cheque is damaged, very large in amount, or if you're unsure about any aspect of the deposit, it's best to visit a branch in person.