Reasons for An ATM to Reject A Deposit (2024)

Answered by:

Question:

What are the reasons for an ATM to reject a deposit?

Answer:

There aren't too many.

  1. The item is inserted incorrectly or is somehow jammed in the intake mechanism.
  2. The ATM detects a fraudulent cash deposit (counterfeits)
  3. The cardholder doesn't bank with the bank owning the ATM or with another bank for which deposits are accepted in interchange by the ATM owning bank.
  4. The deposit amount exceeds a deposit amount maximum.

First published on 10/20/2014

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Reasons for An ATM to Reject A Deposit (2024)
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