What Happens When You Deposit a Cheque Using an ATM?

Learn how cheque deposits via ATM are processed, including scanning, verification, and fund credit timelines.

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When you deposit a cheque in an ATM, the machine scans the cheque and records details like the amount and your account number. The cheque is then sent to the bank for processing and verification. Funds are usually credited to your account within a few business days, depending on the bank's policies and the cheque amount.

FAQs & Answers

  1. How long does it take for a cheque deposited at an ATM to clear? Cheque deposits made via ATM generally take a few business days to clear, depending on the bank's policies and the cheque amount.
  2. What happens after I deposit a cheque in an ATM? The ATM scans the cheque, records necessary details like amount and account number, then sends it to the bank for processing and verification.
  3. Can I deposit cheques at an ATM after banking hours? Yes, you can deposit cheques at ATMs 24/7, but processing and crediting of funds occur during the bank's working hours.

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