14 Online Banks & Credit Unions That Accept Cash Deposits

  • Online banks usually don’t 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

are well-known for high-yield bank accounts and low bank fees. But for easily depositing cash? Not so much.

If you’re looking for an online bank or credit union that allows you to deposit cash directly into your account, we compiled a list of institutions you may want to consider exploring. We’ll walk you through the steps of depositing cash, and go over tips on how to choose an online financial institution.

14 banks and credit unions that accept cash deposits

Here’s a list of banks and


credit unions

featured in our best guides that allow you to deposit cash at in-network ATMs.

  • alliance: Some Alliant ATMs accept cash deposits. You won’t have to pay a fee for the transaction.
  • axos: You may deposit cash by visiting Green Dot locations like ACE Cash Express, CVS/Pharmacy, Dollar General, Kmart, Rite Aid, 7-Eleven, or a Walgreens store. You may have to pay a fee for the deposit.
  • Bethpage: Bethpage is a part of the CO-OP Shared Branch and ATM network. You can make deposits at credit unions with a CU Service Center Logo for free.
  • Capital One 360: Capital One 360 ​​has several ways of depositing cash. You can visit a nearby CVS/Pharmacy and ask a cashier to help you deposit cash into your bank account using the bank’s mobile app. Capital One ATMs also accept cash deposits.
  • Charles Schwab: Charles Schwab offers unlimited refunds for ATM fees since it doesn’t have an ATM network. You may use any ATM that accepts cash deposits, and you’ll be reimbursed if you are charged by the ATM provider.
  • chime: Chime lets you deposit cash at Walgreens without paying a fee. You may also make cash deposits at Green Dot locations but there may be a fee.
  • CIBC Bank: CIBC has ATMs that accept cash deposits. There isn’t a fee involved.
  • consumers: Consumers is a part of the CO-OP Shared Branch and ATM network. You can make deposits at credit unions with a CU Service Center Logo for free.
  • HSBC Direct: You may deposit cash at certain bank ATMs. There isn’t a fee involved.
  • LendingClub: LendingClub lets you deposit cash at some MoneyPass and NYCE ATMs. You may have to pay a fee initially, but LendingClub will reimburse you any ATM fees once per month.
  • NBKC: NBKC is part of the MoneyPass ATM network. You may deposit cash at select ATMs. NBKC also reimburses up to $12 in out-of-network ATM fees per month.
  • Pentagon Federal Credit Union: PenFed permits surcharge-free cash deposits at over 1,200 Allpoint ATMs.
  • USAA: USAA has ATMs that accept cash deposits. There isn’t a fee involved.
  • Wings Financial: Select Wings Financial ATMs accept deposits. You won’t have to pay a fee for depositing money.

How to deposit cash at an online bank or credit union

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

Some online banks and credit unions won’t allow you to deposit cash directly into your account. Instead, you’ll have to deposit cash in a roundabout way. You’ll deposit cash into an external bank account. Then, you’ll initiate a transfer from your external bank account to your online bank account.

The online financial institutions included in our list offer more direct ways to deposit cash. You may deposit cash at select ATMs or stores. Here are quick step-by-step guides on how to deposit cash at these locations.

How to deposit cash at an ATM

First, visit your bank’s website to confirm which ATM accepts cash deposits. Some financial institutions offer a limited number of ATMs with this feature, so you’ll have to use your bank’s location search tool to find a nearby ATM you can use.

Once you’ve arrived at the ATM location, insert your debit card to initiate access to your bank account. After putting in your PIN, you’ll be asked which type of transaction you’d like to perform. You’ll select the option Deposit, and insert cash into the ATM. The ATM will ask you to verify the amount of cash deposited, and you’ll complete the transaction.

How to deposit cash at a store

Financial institutions will provide a list of retailer locations you may visit to deposit money.

You’ll go up to the cashier at an eligible store and ask them to load cash onto your online bank’s debit card. The cashier will process the transaction by swiping your card, and you’ll have money deposited into your bank account through your bank’s debit card.

If you bank with Capital One, you can also ask the cashier at CVS/Pharmacy to help you add cash to your bank account. You’ll log into your bank’s mobile app 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 managing director of District Capital Management, shares that he’s had clients who are hesitant to deposit money into an online bank because they don’t trust banks.

“It’s fair. It’s fear of the unknown. They haven’t done that before. They don’t know anyone who’s used that thing. The myth is online banks are not safe, or through online banks, you won’t be able to have access to money,” says Carlos.

If you’re unsure whether a bank is safe, Carlos suggests checking if the bank is FDIC insured.

“If they are a legit bank, then it’s most likely FDIC insured,” says Carlos. “If they really want to be diligent, you can actually go to the FDIC website and look up the bank.”

Carlos also advises people to see if there are limits on how much money you can transfer out of an online bank or how much you can withdraw from an ATM per day. This may be helpful insight if you frequently make transactions or expect to make big purchases.

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