Depositing plain cash with ATMs?
August 29, 2009 4:34 PM Subscribe
How safe is it to deposit plain old cash into a bank's ATM?
posted by Askiba to Work & Money (26 answers total) 2 users marked this as a favorite
This seems like a really strange question, but follow along with me for a bit.
Ever since I've gotten my bank account (at Chase) my mother has dissuaded me from making deposits, especially just cash, into ATMs. She insists that I can't trust them for such a procedure because the machine's contents are removed by people who don't work for the bank (on that note: is that even true?), and that I'm going to get robbed at some point.
Being teenage and all, I think my mom's theory on this is baseless. The one time I suggested that might not be true and that I'd just like to save everyone some time and just slip it in a deposit envelope, she gave me a disapproving look and said "Fine, do what you want, it's not my problem if you get robbed."
I've never heard such a thing happening to anyone, and I likely would have, because who wants their money getting swiped? But the idea got into my head and I've always used a clerk behind a desk to make a deposit in person. Personally, I'm getting extremely tired of it and I think it's wasting my time, not to mention the hapless clerk I have to ask to deposit the cash (especially when I just want to throw in $10 and no checks). I'll probably always use a desk clerk for large deposits involving several kinds of money, though.
So, should I really believe my mother's reasoning?