You can deposit cash at Wells Fargo ATM. Wells Fargo is one of the banks that let you deposit cash at its ATM. With its 12,000 ATMs nationwide, you can save yourself a trip to the bank and avoid the usual bank queues.
What do you need to deposit cash at an ATM?
You need a debit card to deposit cash in an ATM. This is because it is how the teller machine will connect the amount deposited to your bank account. Unlike a cash deposit at a bank’s location which requires a form of legal identification, an ID is not necessary when making a deposit at an ATM.
How Does Wells Fargo ATM Deposit Work
It is very simple to deposit money into Wells Fargo ATM. To do a cash deposit on an ATM belonging to Wells Fargo bank, here is what you need to do:
- Insert your debit card
- Select the Deposit option on the screen
- Enter the pin of your debit card
- Then, the screen will prompt you to put in your cash into the ATM. Put your cash into the slot below the debit card slot (the slot with an arrow).
- The ATM will scan the amount you put into the machine and asks you to confirm the correct total amount.
- Hit the Confirm Amount button, if it is correct.
- Finally, your transaction receipt prints out. You can either hit the Return Card Option to take your debit card, or continue with any other transaction.
On the whole, it is that easy to deposit cash through an ATM at Wells Fargo. Now, you do not necessarily have to go to a Wells Fargo branch location to use its ATM, you can use Wells Fargo ATM near me to locate one close to you. Just put in your city or zip code, then select the ATM drive-up or the 24 hour ATM options to find these machines.
Wells Fargo ATM Cash Deposit Limit
So, how much cash can you deposit in Wells Fargo ATM, my good reader?
There is no cash deposit limit at Wells Fargo ATMs. There may be some ATMs which may require certain number of bill denominations, after which you have to reinsert your debit card to do another transaction. Cash deposit in such ATM machines, requires you perform the transaction multiple times since the machine can only allow certain bill denominations.
By certain bill denomination here, I mean certain cash value. For example, you can only deposit certain number of $20 bills in one ATM before you are needed to reinsert your debit card for more deposits. This is not a general rule for Wells Fargo ATMs though.
Most ATMs can take an unlimited number of cash deposits, because there is no Wells Fargo ATM max deposit. This is regardless of bill denomination restrictions. Do you understand what I mean now?
Wells Fargo ATM Cash Deposit Availability
Do ATM deposits go through immediately at Well Fargo?
Wells Fargo ATM deposits cash instantly. It is considered the same as a cash deposit made at a bank location. Therefore, your funds are available to be used immediately.
This is why it is important to keep the receipt of any cash deposit transaction in case of issues. You can use the evidence of deposit to argue your case. But, there is rarely an issue with ATM cash deposits at Wells Fargo.
On the other hand, making a check deposit on Wells Fargo ATM may take one to three business days to deposit. This is because the bank has to clarify it is a good check. The full check fund may not all be available for immediate use the same day as the ATM check deposit.
Finally, Wells Fargo ATM has deposit cut-off time. What this means, is any deposit after 9pm will be deposited the next business day. Similarly, ATM deposits prior to 9pm will be deposited the same day. This is regardless of whether the deposit is a cash or a check deposit.
When Wells Fargo puts a hold on cash deposits
Wells Fargo will put a hold on your cash deposits, when the following happens:
- If you are a new customer with no banking history with them, they may put a hold on your deposits until it is confirmed you are the owner of the account.
- Your cash deposits may be on hold, when there is an overdraft on your account.
- Wells Fargo may put a hold on your cash, if the amount is ridiculously large. For example: You tried to deposit a $50,000 cash through an ATM. This is especially, when your bank balance has never been that much before.
- There may be a hold for bounced cashier’s check. Also, trying to deposit a fake money order could incur a hold on cash deposit.
Basically, cash deposits of any sort which may be problematic is temporarily put on hold until the bank resolves the issue. If you ever have such issues, I recommend calling the bank customer care. Be sure to keep your transaction receipt for reference purposes.
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