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5 banking predictions that missed the mark

An ATM is not that kind of cash machine
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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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