There are two ways to make deposits and withdrawals from a checking account: by going to a bank branch and working with a bank teller, or by using the nearest ATM. ATMs are considered the most convenient way to manage money while you are on the go, while some bank customers prefer the personal interaction of a bank teller. ATMs that are not affiliated with your bank may charge user fees, but they are still a way of having access to your bank accounts 24 hours a day.
How to Deposit Money Using a Bank Branch Teller
Fill out a deposit slip. These will be located on a counter close to the bank teller area, or you can ask the bank teller for a slip. Write the date on the slip, your name, the number of the account you will be depositing money in, the amount of money you will be depositing, and whether it will be deposited as cash or a check.
Give the deposit slip to the nearest available bank teller, along with your cash or check.
Take your receipt when you are finished with the deposit.
How to Withdraw Money Using a Bank Branch Teller
Fill out a withdrawal slip, which will also be located close to the bank tellers in the bank. Write down your name, your account number, the date, and the amount of money you would like to withdrawal from your account. Sign the deposit slip.
Walk up to the nearest available teller and hand him your withdrawal slip and your photo ID card.
Take the money the teller withdrawals from your account, your withdrawal receipt and your ID when you are finished with your transaction.
How to Deposit Money Into an ATM
Open the bottom of the ATM slot and remove a deposit envelope. Some ATM's still use the deposit envelopes for these transactions.
Place the money, or check, you would like to deposit into this envelope. Sign and seal the envelope.
Insert your ATM card into the machine and enter your PIN (personal identification number). Follow the on screen prompts for depositing money.
Place your envelope into the ATM slot once it opens to accept your deposit. Be sure to take your receipt of deposit with you when you are finished and your ATM card.
Insert your ATM into the machine, enter your PIN and the amount of money you would like to deposit and into which account you will be depositing it. Follow the prompts if you are using an ATM that just lets you insert your money or check into the machine without using an envelope. There will be a point during your transaction where the machine will accept your deposit.
How to Withdraw Money From an ATM
Insert your ATM card into the card slot on the machine and enter your PIN. Follow the on-screen prompts that will take you to the account you want to withdraw money from.
Enter the amount of money you would like to withdraw from your account.
Take the money out of the bottom money slot once your transaction goes through.
Be sure to take your ATM card and your withdrawal transaction receipt when you are finished.
Always keep your ATM and bank receipts as proof of your deposits and withdrawals in case there are any teller or machine errors that need to be verified.
Do not keep entering your PIN at an ATM if you cannot remember your number. After three to four tries, the machine automatically keeps the card as a theft-prevention safeguard.
- a man using the cash/bank machine image by L. Shat from Fotolia.com