What Should You Do Before You Use an ATM?

A Complete Guide for U.S. Bank Users

Learn essential steps on what to do before using an ATM, including how to deposit cash, check your withdrawal limits, and make safe transactions. Everything you need to know about using ATMs securely.

Whether you’re withdrawing cash, depositing a check, or checking your balance, ATMs (Automated Teller Machines) provide a quick and convenient way to access your bank accounts. But before you use an ATM, there are a few important things you should know to ensure your transaction goes smoothly and securely.

In this guide, we’ll cover everything you need to know about using ATMs, including what ATM stands for, how to deposit or cash checks, withdrawal limits, and the essential steps to take before using the machine.

What Does ATM Stand For?

ATM stands for Automated Teller Machine, a machine that allows you to perform financial transactions such as withdrawing cash, checking account balances, depositing checks, and even transferring funds between accounts. ATMs are widely available and can be found at bank branches, shopping malls, convenience stores, and even airports.

Can You Deposit Cash at an ATM?

Yes, you can deposit cash at an ATM—but there are some important details to be aware of.

Most modern ATMs allow you to deposit cash directly into your account. Here’s how it typically works:

• Place your cash in the ATM’s cash deposit slot. Unlike older machines that required you to use an envelope, newer ATMs will count the bills and credit them directly to your account without an envelope.
• Verify the deposit. Some ATMs will display the amount of cash being deposited for you to confirm. It’s crucial to ensure the correct amount is shown before finalizing the deposit.
• Receipts. Make sure to request a receipt for your deposit, which will give you a record of the transaction.

Note: Be mindful of any limits your bank might impose on cash deposits via ATM. Also, check if the deposit will be processed immediately or if there is a delay (especially for cash deposits made at machines outside regular banking hours).

Can You Deposit a Check at an ATM?

Yes, many ATMs allow you to deposit a check, making banking even more convenient. Here’s how to do it:

1. Endorse the Check. Before depositing a check, always endorse the back with your signature. Some ATMs may even prompt you to sign the check on the screen.
2. Insert the Check. Insert the check into the machine. Most ATMs will scan the check and display the check amount on the screen for you to verify.
3. Confirm the Deposit. Once the ATM confirms the deposit, make sure to double-check the amount before completing the transaction.
4. Get a Receipt. Always request a receipt to confirm the check deposit and keep a record of the transaction.

Note: While depositing a check at an ATM is convenient, the check may not clear immediately. It may take a few business days for the funds to become available, depending on your bank’s policies.

Can You Cash a Check at an ATM?

While some ATMs allow you to cash a check, this depends on your bank and the specific ATM. Generally, the process works as follows:

1. Insert the Check. Much like depositing a check, you will insert the check into the ATM.
2. Choose “Cash” as the Option. When the ATM asks what kind of transaction you want to make, select “Cash a Check” instead of depositing it.
3. Receive Your Cash. After confirming the check’s details, the ATM will provide you with the cash. However, not all ATMs offer this service, so it’s important to check if your bank’s ATMs support check-cashing.

Note: Some banks might limit the amount you can cash through an ATM, or you may need to visit a branch for larger amounts. Additionally, there could be a processing time before the funds are available.

How Much Money Can You Withdraw from an ATM?

The amount of money you can withdraw from an ATM depends on several factors:

• Your Bank’s Withdrawal Limit: Most banks set daily ATM withdrawal limits to prevent fraud and ensure security. This limit could range from $200 to $1,000 or more per day.
• Your Account Type: Premium accounts might allow for higher withdrawal limits compared to basic checking or savings accounts.
• ATM Limits: The specific ATM you’re using may have its own withdrawal limits. Some ATMs in remote locations or small branches may allow lower withdrawal limits.

Before you use an ATM, it’s a good idea to check your bank’s policies or use your bank’s mobile app to find out your daily withdrawal limit and make sure the ATM you plan to use can accommodate your needs.

What Should You Do Before You Withdraw Money from an ATM?

Before you use an ATM to withdraw cash or perform any transaction, consider the following steps to ensure your safety and avoid any issues:

1. Check the ATM Location

Make sure the ATM is located in a safe, well-lit area. Avoid using ATMs that seem isolated or in areas where you don’t feel secure.

2. Verify the Machine

Inspect the ATM to make sure there are no signs of tampering. Look for unusual devices, like skimmers, which criminals use to steal card information.

3. Ensure Sufficient Funds

Check your account balance before withdrawing money to avoid overdrafts or declined transactions. Many banks offer mobile apps or online banking where you can view your account balance.

4. Be Aware of Fees

Some ATMs charge fees for withdrawals, especially if you’re using an ATM outside of your bank’s network. Review any fees before making a transaction.

5. Use a Secure Pin

When entering your PIN, cover the keypad to prevent anyone from viewing your PIN or recording it. Avoid using easily guessed PINs like your birth year or repeating digits.

6. Take Your Card and Receipt

After completing your transaction, make sure to take your card and receipt. Leaving them behind could lead to identity theft or fraud.

Can You Deposit Money at an ATM That Isn’t Your Bank?

Yes, you can typically deposit money at an ATM that isn’t your bank’s—but there are some important factors to consider:

• Deposit Limits: Some ATMs outside your bank’s network may have limits on the amount you can deposit. Additionally, your bank may charge you a fee for using a third-party ATM.
• Processing Time: Deposits made at ATMs not owned by your bank may take longer to process. Your bank could impose a longer hold before the funds are available in your account.
• Cash Deposits: If you’re depositing cash at a non-bank ATM, be aware that not all machines accept cash. It’s best to check beforehand.
• Fees: Using ATMs that aren’t part of your bank’s network can result in additional fees, both for withdrawals and deposits.

Maximise ATM for Your Financial Benefit

ATMs are powerful tools for managing your finances, but it’s important to understand the nuances of using them. Before you withdraw money, deposit cash, or cash a check, make sure to:

• Know your ATM withdrawal limits.
• Confirm deposit procedures for cash and checks.
• Be aware of any fees or processing times.
• Follow best practices for ATM security.

By taking these steps, you’ll ensure a smooth, secure transaction every time you use an ATM, whether it’s at your bank or another location.