ATM Deposits

A post on The Frugal Law Student says, “While a staggering 90% of American households use ATMs to withdrawal money, only 29% take advantage of the deposit service at ATMs.”

I don’t belong to the 29% of people who do use ATM machines to deposit money. What if the envelope gets lost? If the bank officials count the money in it incorrectly? If someone misappropriates the money somewhere along the way?

It may be irrational but it’s still how I feel. I like being able to deposit money by handing it over to a real person, by seeing that person count the money in front of me and having the deposit stamped in my receipt book.

However, I’ve been thinking that depositing cheques in the ATM may not be such a bad idea… after all, the only problem that could occur there is if the bank loses it and, quite honestly, I’ve never heard of any bank do that.

Perhaps it is time for me to force myself to get over at least some of my ATM angst.

Link: http://www.frugallawstudent.com/2008/01/10/save-time-by-depositing-money-through-your-atm-or-who-in-the-hell-deposits-money-in-an-atm/