An ATM is not that kind of cash machine5 of 7Loan booths weren't Clary's only mistaken prediction for the future. "In the not-too-distant future, you'll be able to cash checks at ATMs," he said in that same 1996 Cawood article.While you can certainly deposit checks today, if you don't already have that amount in your account, most banks may require a waiting period before you're able to access the cash. The times vary depending on how long it takes for your bank to verify that there are sufficient funds to cover the check you've deposited. If the check is from a bank other than where you're making the deposit (for example, you want to cash a Wachovia check at a Bank of America), the wait can be overnight to five days. However, if the check originated from the same bank you're making the deposit, there's often no wait. Related Articles:Guard against bank failureBest savings interest rates2010 list of failed banksChecking account tipsRelated Links:137 banks failed in '09Deposits insured to $250k3 tips for personal bank loansMoney market lifeline advertisement
Loan booths weren't Clary's only mistaken prediction for the future. "In the not-too-distant future, you'll be able to cash checks at ATMs," he said in that same 1996 Cawood article.
While you can certainly deposit checks today, if you don't already have that amount in your account, most banks may require a waiting period before you're able to access the cash. The times vary depending on how long it takes for your bank to verify that there are sufficient funds to cover the check you've deposited. If the check is from a bank other than where you're making the deposit (for example, you want to cash a Wachovia check at a Bank of America), the wait can be overnight to five days. However, if the check originated from the same bank you're making the deposit, there's often no wait.
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