14 online banks and credit unions that accept cash deposits

  • Online banks usually do not have branches, so there may be limited ways to deposit money.
  • Some online financial institutions allow you to deposit cash directly into your bank account.
  • You may be required to pay a fee for cash deposits.


Online Banks

famous for High yield bank accounts and low bank fees. But in order to deposit cash easily? Not much.

If you are looking for an online bank or credit union that will allow you to deposit money directly into your account, we have compiled a list of institutions you may want to explore. We’ll walk you through the steps of depositing cash, and review tips on how to choose an online financial institution.

14 banks and credit unions that accept cash deposits

Below is a list of banks and


credit unions

Featured in our best guides that allow you to deposit cash at ATMs within the network.

  • ally: Some allied ATMs accept cash deposit. You will not have to pay a transaction fee.
  • exosDeposit cash by visiting Green Dot websites such as ACE Cash Express, CVS/Pharmacy, Dollar General, Kmart, Rite Aid, 7-Eleven or a Walgreens store. You may have to pay a fee to deposit.
  • bethbagBethpage is part of the CO-OP joint branch and ATM network. You can make deposits in credit unions bearing the CU Service Center logo for free.
  • Capital One 360: Capital One 360 ​​has several cash deposit methods. You can visit the nearby CVS / Pharmacy and ask the cashier to help you deposit cash into your bank account using the bank’s mobile application. Capital One ATMs also accept cash deposits.
  • Charles Schwab: Charles Schwab offers unlimited ATM fee refunds since it does not have an ATM network. You can use any ATM that accepts cash deposits, and you will be reimbursed if you are charged by the ATM provider.
  • chimeChime lets you deposit cash at Walgreens without paying a fee. You can also make cash deposits at Green Dot sites but there may be fees.
  • CIBC Bank: CIBC has ATMs that accept cash deposits. There is no fee.
  • Consumers: Consumers are part of a joint branch network and the CO-OP ATM network. You can make deposits in credit unions bearing the CU Service Center logo for free.
  • HSBC Direct: You can deposit cash at some of the Bank’s ATMs. There is no fee.
  • LendingClub: LendingClub allows you to deposit cash at some MoneyPass and NYCE ATMs. You may have to pay a fee at first, but LendingClub will reimburse you for any ATM fees once a month.
  • National bank of Kuwait: NBK is part of the MoneyPass ATM network. You can deposit cash at selected ATMs. NBK also reimburses up to $12 in out-of-network ATM fees per month.
  • Federal Credit Union PentagonPenFed allows cash deposits at no additional charge at over 1,200 Allpoint ATMs.
  • United States of AmericaUSAA has ATMs that accept cash deposits. There is no fee.
  • Wings Financial: Select Wings Financial ATMs that accept deposits. You will not have to pay a fee to deposit funds.

How to deposit money in an online bank or credit union

When choosing an online financial institution, you may want to review how money is deposited into a bank account.

Some banks and online credit unions will not allow you to deposit cash directly into your account. Instead, you will have to deposit cash in a roundabout way. You will deposit the money into an offshore bank account. After that, you will start the transfer from your external bank account to your online bank account.

The online financial institutions on our list offer more straightforward ways to deposit cash. You can deposit cash at selected ATMs or stores. Here are quick step-by-step instructions on how to deposit cash at these sites.

How to deposit cash at an ATM

First, visit your bank’s website to check which ATMs accept cash deposit. Some financial institutions offer a limited number of ATMs with this feature, so you will have to use your bank’s location finder to find a nearby ATM that you can use.

Once you are at the ATM website, insert your debit card to begin accessing your bank account. After entering the PIN, you will be asked what type of transaction you would like to perform. You will select the option depositand insert the cash into the automated teller machine. The ATM will ask you to verify the amount of cash deposited, and you will complete the transaction.

How to deposit cash in the store

Financial institutions will provide a list of retailer websites that you can visit to deposit funds.

You will go up to the cashier at a qualified store and ask them to load cash on your online bank debit card. The cashier will process the transaction by swiping your card, and you will have money deposited in your bank account through your bank debit card.

If you’re dealing with Capital One, you can also ask the cashier at CVS/Pharmacy to help you add money to your bank account. You will log in to your bank’s mobile application and use the “Add cash in store” feature to process the transaction.

Additional Tips for Choosing an Online Financial Institution

Alvin Carlos, CFA, CFP®, Financial Planner and General Manager, Inc. capital management area, He says he has clients who are reluctant to deposit money in an online bank because they do not trust the banks.

“It’s fair. It’s a fear of the unknown. They’ve never done that before. They don’t know anyone who’s used this thing. The myth is that online banks aren’t safe, or through online banks, you won’t be able to get money,” As Carlos says.

If you are not sure whether the bank is safe or not, Carlos suggests checking whether the bank is safe or not. FDIC insured.

“If they were a legitimate bank, it would most likely be insured by the FDIC,” Carlos says. “If they really want to be diligent, you can go to the FDIC website and look for the bank.”

Carlos also advises people to know if there are restrictions on how much money you can transfer from an online bank or how much you can withdraw from an ATM per day. This can be useful insight if you make frequent transactions or anticipate making large purchases.