How to Deposit Cash at an ATM? - 7 Easy Steps (2024)

How to Deposit Cash at an ATM? - 7 Easy Steps (1)

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Gone are the days when depositing cash meant a time-consuming trip to the bank during working hours. With technological advancements, the ability to deposit cash at an ATM has transformed the banking experience, offering unparalleled convenience and accessibility. This article explores the seamless process of making a deposit through an ATM, highlighting the steps involved and weighing the advantages and disadvantages of this modern banking method.

How do you deposit money at an ATM machine?

Depositing cash at an ATM is a straightforward process that enhances your banking experience by providing a quick and convenient way to manage your finances. The introduction of ATMs to deposit cash has revolutionised how we approach banking tasks, allowing for deposits outside traditional banking hours.

Depositing cash at an ATM with a card

To deposit money through an ATM using your bank card, simply find a compatible ATM, insert your card and select the deposit option. This method requires you to have your bank card and PIN ready, ensuring a secure transaction by verifying your identity.

Depositing money at an ATM without a card

Some ATMs offer cardless deposit options, enabling you to deposit cash using secure banking apps or codes provided by your bank. This innovative feature allows for a convenient deposit experience, even without your card at hand, by following the instructions provided on the ATM screen.

Steps for depositing cash at an ATM

Step 1: Locate an ATM

Finding an ATM with cash deposit capabilities is crucial, especially one affiliated with your bank, to sidestep any unnecessary fees. Utilise your bank’s website or mobile app to find the nearest ATM equipped with deposit functionality.

Step 2: Insert your card and choose the appropriate language

Begin by inserting your Debit Card into the ATM’s card slot. Immediately after that, select the language you’re most comfortable with to ensure the instructions are clear and understandable.

Step 3: Enter your PIN

Carefully key in your Personal Identification Number (PIN) to authenticate your identity. Make sure to shield the keypad with your hand to prevent any unauthorised observation of your PIN.

Step 4: Select 'Deposit'

Navigate through the ATM menu to select the 'deposit' option. This step initiates the cash deposit process, leading you closer to completing your transaction. The deposit option is typically highlighted or easily accessible in the menu, ensuring you can find it without hassle.

Step 5: Follow on-screen instructions

Adhere to the instructions displayed on the ATM screen. These step-by-step instructions will guide you through the deposit process, including how to prepare your cash for deposit.

Step 6: Insert cash

Insert the cash into the designated deposit slot when prompted by the ATM. Many ATMs are equipped to handle multiple bills at once, streamlining the process by allowing you to deposit a stack of cash in a single action. Ensure your bills are straightened and not crumpled to avoid any issues during the deposit.

Step 7: Confirm and complete the transaction

After inserting your cash, the ATM will display the deposit amount for your confirmation. Review this amount carefully to ensure accuracy before confirming the transaction. Upon confirmation, wait for the ATM to process your deposit. Always remember to collect your receipt once the transaction is complete. This receipt serves as a tangible record of your deposit, crucial for tracking your finances and resolving any discrepancies that may arise later.

Advantages of using an ATM to deposit cash

  • Convenience: Deposit cash at any time that suits your schedule without being restricted to bank opening hours. This 24/7 accessibility means you can manage your deposits after hours, on weekends, or during holidays, aligning perfectly with the needs of those with busy schedules or unexpected cash deposit needs.
  • Time-saving: Avoid long queues and lengthy processes at bank branches. By using an ATM to deposit cash, you can significantly reduce the amount of time spent on banking activities. This method allows for a quick and efficient transaction, letting you get back to your daily activities with minimal disruption.
  • Accessibility: With a wide network of ATMs available, you can find a convenient location to deposit cash. This extensive accessibility ensures that whether you are at home, at work, or travelling, you are most likely to locate an ATM nearby, making it easier than ever to manage your finances on the go.

Disadvantages of using an ATM to deposit cash

  • Deposit limits: Some ATMs have a cap on the amount you can deposit in one transaction or day. This limitation can be a hindrance for businesses or individuals looking to deposit larger sums of cash, requiring them to plan their deposits over multiple days or seek alternative methods.
  • Lack of personal interaction: Those who prefer face-to-face banking might find the automated process impersonal. The absence of human interaction can be a drawback for customers who value relationship banking, have complex transaction needs, or require personalised banking advice. In such cases, the efficiency of ATM deposits may not compensate for the lack of direct communication with bank staff.

Also Read:Debit Card PIN generation in 5 easy ways


The facility to deposit cash at an ATM has significantly simplified the way we bank, making it more accessible, time-efficient, and user-friendly. While it comes with a few limitations, the benefits far outweigh the drawbacks, making it a preferred choice for many. Axis Bank has embraced this technology, offering features such as Easy Deposit ATMs, where customers can deposit cash without envelopes or deposit slips, ensuring a smooth and efficient transaction. Embracing the convenience of ATM deposits can indeed be a game-changer in managing your personal finances.

Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.

How to Deposit Cash at an ATM? - 7 Easy Steps (2024)
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