Can You Deposit Cash at an ATM?

Yes, you can deposit cash at some ATMs in Canada.

Not every ATM accepts deposits.

You will usually need to use a deposit enabled ATM connected to your financial institution. The machine will count your bills and deposit the money into the account you select.

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How Do You Deposit Cash at an ATM?

The exact process depends on the machine, but it generally works like this:

1. Insert or tap your bank card.

2. Enter your PIN.

3. Select Deposit.

4. Choose the account receiving the money.

5. Select Cash.

6. Insert your bills into the deposit slot.

7. Confirm the amount counted by the ATM.

8. Complete the transaction.

9. Keep your receipt.

Many newer ATMs can accept bills directly without an envelope. Older machines may still require one.

Can You Deposit Cash at Any ATM?

No.

Being able to withdraw money from an ATM does not mean you can deposit money there.

Cash deposits usually require an ATM supported by your own financial institution or one of its partner networks. Some standalone ATMs are designed only for withdrawals.

Look for a Deposit option on the machine or check your financial institution's ATM locator before travelling to one.

Is Cash Available Immediately After an ATM Deposit?

It may be.

Cash deposits can sometimes become available immediately. Processing times still depend on your financial institution and the ATM used.

Keep your deposit receipt until the correct amount appears in your account.

If the ATM counted your cash incorrectly, contact your financial institution as soon as possible.

How Much Cash Can You Deposit at an ATM?

There is no single Canadian ATM deposit limit.

Limits depend on your financial institution and the machine.

An ATM may limit:

• The dollar amount per deposit

• The number of bills accepted at once

• Your total daily deposits

• Which currencies it accepts

If you need to deposit a large amount of cash, check your account limits first.

Can You Deposit Coins at an ATM?

Usually not.

Most cash-deposit ATMs are designed to accept paper bills rather than loose coins.

If you have a large amount of change, you may need another deposit method.

Can You Deposit a Cheque at an ATM?

Many deposit-enabled ATMs also accept cheques.

The process is similar to depositing cash. You select the deposit option and follow the instructions on the screen.

Cheque deposits may be subject to a hold before the entire amount becomes available.

Can You Deposit Cash Into Someone Else's Account at an ATM?

Usually, ATM deposits are made into an account connected to the card you are using.

If you need to send money to someone else, it may be easier to deposit the cash into your own account first. You can then send the money electronically.

The exact options depend on your financial institution.

What If Your Account Doesn't Allow ATM Cash Deposits?

You still have several options.

Depending on your account, you may be able to:

• Deposit cash at a physical location

• Deposit it through a participating retail location

• Deposit it into another account and transfer the funds

• Use Interac e-Transfer

• Use direct deposit for future payments

KOHO, for example, allows verified users to make cash deposits at participating locations. It also supports Interac e-Transfers, linked debit card loads and direct deposit.

Is There a Fee to Deposit Cash at an ATM?

It depends.

Your financial institution may allow free deposits through its own ATM network. Fees may apply when another network or service is involved.

Check the fee before confirming your transaction.

What Should You Do After Depositing Cash?

Always check that the amount shown by the ATM matches what you inserted.

Then:

• Confirm the deposit

• Take your card

• Keep your receipt

• Check your account balance

• Report any discrepancy quickly

Cash can be difficult to trace once you leave the ATM. Your receipt provides useful evidence if there is a problem.

So, Can You Deposit Cash at an ATM in Canada?

Yes, many Canadian ATMs accept cash deposits. You normally need to use a deposit-enabled ATM supported by your financial institution.

If your account does not support ATM deposits, you may still be able to add cash through a branch or participating cash-deposit location.