Can we deposit money in any other bank?

If you have an account in bank ‘A’, you cannot deposit cash in another bank’s CDM. You can do that only in the CDM of bank ‘A’. Though there could be one or two branches of other banks, customers will not be able to deposit cash in the CDMs of those banks.

Why do some banks not accept cash deposits?

So, why did they make this change? According to the company, this policy change is for the safety and security of its customer’s accounts. In addition, it is meant to prevent criminal activity, including money laundering. Under the law, banks are required to take certain steps to prevent and combat money laundering.

Can I deposit money at a different bank ATM?

No, you can’t deposit cash at just any ATM. Not all ATMs are set up to accept deposits. And many banks and credit unions simply won’t let you deposit cash into your account using an ATM they don’t own or have a partnership with. So some people may be able to deposit cash at any ATM.

Can you deposit cash at a bank that isn’t yours?

Originally Answered: Can I deposit money at a different bank? Yes as long as it’s your same company but a different branch.

Can I deposit cash in any SBI branch?

Charges levied by SBI Bank Tatkal Money Remittance for Non-home transactions (Deposit to Core by cash/transfer) is charged at 1\% of the remitted amount, with a minimum of Rs 10 and a maximum of Rs 100. Non-home branches of the SBI do not impose duplicate fixed deposit receipts if you have an account with them.

Can you withdraw money from another bank with a debit card?

Cash From Another Bank’s ATM You generally can use your debit card to withdraw money at an ATM owned by another bank, or at an ATM owned by a third-party provider in a location such as a convenience store or restaurant. Both your bank and the owner of the ATM could charge you a fee for the transaction by deducting it from your bank balance.

Can I withdraw money from my own bank account without fees?

For example, if you withdraw money from your account at your own bank’s ATM, you probably won’t pay any fees for a minimum no of transactions. However, if you withdraw money from a different bank’s ATM, you could get charged a fee by your bank. Yes..

How can we make withdrawals with different bank’s ATM?

Today its not hard to hear that we can make withdrawals with different Bank’s ATM. Now all banks gives us a debit card by which we can withdraw amount with any bank’s ATM but in different banks after certain limit of transactions charges may apply by bank side.

What happens when you deposit money into a bank account?

When you make a deposit to your bank, the bank will often make the funds available for withdrawal immediately. However, your deposit may temporarily be held according to the standard hold periods established under the Expedited Funds Availability Act. 1  These hold periods vary by deposit type and amount.