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57

This is dangerous as it is a typical a scam. Trudy convinces Bob to help her avoid an ATM free or some other pretense. She writes Bob a check for $100, but is willing to take only $80 to return the favor. Bob agrees. Bob deposits the check, gives Trudy the $80 and then later finds out the check is bad. In most cases Bob will not be able to find or ...


35

If it were a friend of mine, I'd do it without having any real qualms about it. If it were simply "someone I knew", probably not. Of course, if I trust them them enough to do that, I'd probably just give them the cash and let them pay me back in a day or two. (I'm imagining a scenario where I'm out with a few friends, for example bar hopping or at an ...


34

You do not have to endorse a check at the bank you have an account with. By leaving the back of the check blank, and thus failing to endorse it, you automatically endorse the check with a restricted endorsement (similar to "For Deposit Only"). As such, the teller wouldn't have to call you back to the window as alluded to in stoj's answer. For clarification ...


25

Each ATM, the machine, belongs to one or more networks. Those networks work with multiple types of cards. Each card belongs to one or more networks. The overlap of the networks the machine belongs to, and the card belongs to determines if the card works and what fees and limits apply. In general if the credit card belongs to one of the major networks (VISA, ...


17

You can generally withdraw cash from an ATM with a major credit card. There are exceptions of course, but generally yes. It's a terrible deal unless you are in the most dire of straits. Avoid it. Credit card companies make money on purchases at a store from the store. If you pay late, they make money from you. For an ATM, they make money by charging you a ...


15

There are at least a couple problems: Your friend may not manage money well and so may not have enough money in the account. Check bounces. They get charged a fee. You get charged a fee. You have to chase after the friend to get the fee paid. The friend was cheap about the regular fees and doesn't want to pay this much higher fee. Your "friend" may ...


14

I've had a BofA ATM screw up a deposit too. They will get it right. Call BofA or go to the same branch in the morning, explain the problem and submit a dispute. In my case, they credited my account immediately for the disputed amount. They'll get the cash from the ATM and reconcile the amounts in the machine with your claim. It'll take a few days to sort ...


12

You need to use a proper Chase bank ATM. If there are none in your area, you could do it with your phone: https://www.chase.com/online/digital/mobile-deposits.html


11

As it is international debits, this will take a while. BofA is right, You have to dispute this with Card Issuer, i.e. HDFC. The worst case for me was around 1 month. Keep chasing and sending out reminders every 3-4 days.


11

You normally wouldn't pay income taxes on money that isn't income. Transferring money or withdrawing it from a bank isn't an income generating event. I think it is very doubtful that you would need to claim that on income tax forms.


10

You should report the theft to the police. That is what it is. The police may also want to contact the ATM owner to get access to any security footage. The ATM owner would only have responsibility if they provided substandard security. But based on all the locations I have seen ATMs I don't expect that there is any standard for security. If as part of the ...


9

There is usually a phone number on the side of the ATM to call for situations like this. That is where I would start. Can you pursue a legal action? Sure, you could do that even if the machine didn't eat your money. Anyone can do that for any reason. The pertinent question is whether you will win. Maybe, but even if you do it would take a while and probably ...


8

Yes (for the fees it is charging you) Per the Electronic Funds Transfer Act, section 904(d)(3)(C): No fee may be imposed by any automated teller machine operator... unless (i) the consumer receives such notice in accordance with subparagraph (B); and (ii) the consumer elects to continue in the manner necessary to effect the transaction after receiving ...


8

You are obliged to report the error in writing to you Bank. Scenario 1: Just for your transaction, the ATM counting machine dispensed additional $20. Generally the Bank recons per ATM, the actual disbursements and the balance cash. In this specific case, they should find out the discrepancy and deduct the extra $20 from your account. Scenario 2: The ...


7

An ATM deposit, and since most ATMs will not scan or OCR the check, is subject to verification with regards to the date, amount, payee name and proper endorsements. However, most banks -at their option- may either reject or negotiate a post dated check as if it has the current/past date on it. Since most "post dated" checks are written due to the account ...


7

Bank policies vary from bank to bank. Legally speaking, as a general rule identification is not required to make a deposit. Banks are charged with protecting your privacy and your assets. Making a deposit does not require the bank to disclose anything and therefore does not jeopardize either your privacy or assets. I once made a deposit into my own account....


7

If your debit card has no fraud protection then you need to find a different bank, many debit cards include it. Even with fraud protection, I don't like to keep excess money in the checking account, so I have checking and savings accounts with an online bank. I can transfer money from savings to checking instantly, 6 times per month, which allows me to ...


6

If you click the "fast cash" you will see options to withdraw Cash withdrawal option of prefixed amount and "Ultra Fast Cash gives you the option: 'Ultra Fast Cash' - option to withdraw Rs. 3000/- in one shot And is the bank charging you different to use different options? No ICICI Bank does not charge anything extra to use this option. It is just ...


6

There are lots of reasons why a crook would want you to do this: counterfeit check scam, laundering money, trying to get your account information, getting you used to doing questionable things and then escalating, seeing whether you're the kind of person to go along with bad ideas, etc. There are not, however, much in the way of good reasons for it. I ...


5

US ATMs and POS require magnetic strip, chip-and-pin only cards will not work almost anywhere in the US. This is starting to change, especially after the Target fiasco, but we're not there yet.


5

Ultra Fast Cash is Fixed amount of Rs 3000 with receipt. Fast Cash is fixed amount to select typically Rs 1000; Rs 2000, Rs 4000, Rs 5000 Cash Withdrawl - Takes you through selection screens and you need to enter the amount. HDFC Bank and other Banks allow you to set you amount. So next time you are withdrawing you can just hit that selection and not ...


5

Find out if your old credit union participates in the "shared branch" network. If so, you can perform many/most banking operations by "borrowing" the offices and staff of other participating credit unions. Most of the benefits of a national b, while retaining the advantages of credit unions. (Most of my own operating cash is in a credit union whose nearest ...


5

I am using my debit card regularly: in ATM's with a pin, in stores with my signature, and online. But later you say But from what I recall from starting my own business (a LONG time ago), for debit cards there's only a per-transaction fee of like $0.25, not a percentage cut. Only pin transactions have just a per-transaction fee paid by you to the ...


4

I acknowledge the India tag, but I'd suggest that ATM menus are individual to each machine/bank, with common features around the world. UltraFast - would pull a fixed amount from the main account - fixed sum that may be an option for the user to set for future visits. Fast - would pull a choice of 3 fixed amounts from the main account. (My ATM card ties ...


4

Generally speaking, yes, you can withdraw cash from an ATM using your credit card. However, this is usually a terrible deal: You will be charged a fee by the ATM in the form of a net dollar amount. Usually between $2 and $5. You will be charged a fee by the credit card company in the form of a percentage of the transaction. Usually between 3% and 5%. You ...


4

This can be best answered by your bank. There is no prescribed norm. Generally the Card number is retained, but the expiry date and CVV is new. There are times when the card number is changed if they upgrade or for safety issue a different series.


3

Yes the international debit cards issued in India are still valid in US and do not need to be converted into CHIP based card.


3

Typically 'current' means the account from which you do your day-to-day banking (also called 'checking') and 'savings' is an interest earning account, from which you might occasionally take money. However...you can actually attach these labels (for ATM purposes) to any account you want. They don't have to be your actual checking or savings accounts. I have ...


3

As an alternative answer for your situation: many credit unions (and banks) have a mobile banking app where you can deposit checks via your smart phone by uploading a photo. Works quite well, although there is often a daily or monthly mobile deposit limit.


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