What happens if you deposited money into an ATM that got robbed?

Discussion in 'Community Discussion' started by dontwalkhand, Nov 14, 2009.

  1. dontwalkhand macrumors 601

    dontwalkhand

    Joined:
    Jul 5, 2007
    Location:
    Phoenix, AZ
    #1
    What happens to the money you deposited into an ATM, if the ATM got robbed later on before your checks where recovered from the ATM?

    Would I still see the money later on, or is it just gone because some ******* decided to rip the ATM out of the wall? Would the bank just honor whatever was entered into the ATM anyway?

    This is just out of curiosity because I do make deposits into ATMs all the time, and this thought came into my head when a recent bank of america ATM got ripped out from a bank.
     
  2. jav6454 macrumors P6

    jav6454

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    #2
    This one of those "Call your bank directly" type of questions. Here we can all speculate and say what we want. Ultimately, the final answer is given by your bank. Best call them.
     
  3. -aggie- macrumors P6

    -aggie-

    Joined:
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    #3
    I would assume the bank has insurance for this. I'd doubt you wouldn't get your money deposited.
     
  4. agkm800 macrumors 6502a

    agkm800

    Joined:
    Jun 18, 2009
    #4
    1. No cash deposits are allowed in ATM machines
    2. Lost checks can be almost always voided and re-issued
    3. If any investigation is needed, your bank and the authority will do it for you.
     
  5. dontwalkhand thread starter macrumors 601

    dontwalkhand

    Joined:
    Jul 5, 2007
    Location:
    Phoenix, AZ
    #5
    1. What do you mean? I insert cash into the ATM all the time, and my bank even has the new ATMs where you can stick the cash straight in and it would count it without an envelope.

    2. Not all the time when you're doing freelance.

    3. Money can go away randomly due to pending transactions etc., and normally they wouldn't tell you if it was because some guy ripped an ATM out of the wall.
     
  6. jav6454 macrumors P6

    jav6454

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    #6
    Like I said, your bank, call them up.
     
  7. jecapaga macrumors 601

    jecapaga

    Joined:
    Jul 1, 2007
    Location:
    Southern California
    #7
    Not true. Maybe the banks where you live do not offer this.
     
  8. puma1552 macrumors 601

    Joined:
    Nov 20, 2008
    #8
    if the bank has half a brain all accounts will be FDIC insured to $100k
     
  9. scottness macrumors 65816

    scottness

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    #9
    Good point. I wouldn't worry too much about it.
     
  10. scottness macrumors 65816

    scottness

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    #10
    Uhhhh... where do you live? I have no problem depositing cash here. Not that I've done it more than, say, twice.
     
  11. c-Row macrumors 65816

    c-Row

    Joined:
    Jan 10, 2006
    Location:
    Germany
    #11
    I'd say the deposit is valid from the point of deposition. You are not reliable for what happens to the ATM afterwards. Just like your digital money is save even if the physical bank gets robbed 30 minutes after you deposited some money at the counter.
     
  12. dukebound85 macrumors P6

    dukebound85

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    5045 feet above sea level
    #12
    its now 250k fyi
     
  13. Don't panic macrumors 603

    Don't panic

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    #13
    if you deposit cash, the amount foes into the account immediately and it's irrelevant what happens to the physical bills afterwards, it's now the bank's money.
    with checks, it will depend on the system, if you put in an envelope with the checks inside, there might be a problem because nobody could have verified what was in the envelope.
     
  14. .JahJahwarrior. macrumors 6502

    Joined:
    Jan 1, 2007
    #14
    A similar thing has been bothering me recently.

    What happens if the plane/truck that is carrying my package crashes before it can deliver it?
     
  15. Gregg2 macrumors 603

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    May 22, 2008
    Location:
    Milwaukee, WI
  16. mkrishnan Moderator emeritus

    mkrishnan

    Joined:
    Jan 9, 2004
    Location:
    Grand Rapids, MI, USA
    #16
    You will be forced to make at least three dreary, irritating threads about it on MacRumors, none of which will get you your new Mac any sooner. ;)
     
  17. yg17 macrumors G5

    yg17

    Joined:
    Aug 1, 2004
    Location:
    St. Louis, MO
    #17
    That's what shipping insurance is for.

    I think some members here had an unfortunate experience like that earlier this year when that FedEx plane crashed in Narita, I believe their Macs they ordered from Apple were on it.
     
  18. davidwarren macrumors 6502a

    Joined:
    Aug 28, 2007
    #18
    google fob shipping point, fob destination.
     
  19. AngryApple macrumors 6502

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    Dec 25, 2008
    #19
    I worry about that all the time. D:
     
  20. jav6454 macrumors P6

    jav6454

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    1 Geostationary Tower Plaza
    #20
    Shipping insurance.
     

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