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Conference 7.286::dcu

Title:	DCU
Notice:	1996 BoD Election results in 1004
Moderator:	CPEEDY::BRADLEY

Created:	Sat Feb 07 1987
Last Modified:	Fri Jun 06 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1041
Total number of notes:	18759

723.0. "DCU ATMs for Non-DCU Deposits?" by SPECXN::WITHERS (Bob Withers) Mon Nov 22 1993 18:33

    I have a simple question and I presume the answer is, "yes."
    
    Can I use the DCU ATMs to make non-DCU deposits?  I make non-DCU
    withdrawals all the time, and since the ATMs are connected to all the
    major nets, I suspect that deposits should work the same.
    
    I would expect that my other CU would charge me $1 for the transaction
    and that DCU doesn't charge for this kind of activity.  Should I use
    the DCU-provided deposit envelopes or pick up a bunch of SSFCU
    envelopes to use?
    
    Anyone do this regularly?
    
    BobW

T.R	Title	User	Personal Name	Date	Lines
723.1		CADSYS::CADSYS::RITCHIE	Gotta love log homes	`Mon Nov 22 1993 19:06`	2
	I've never successfully been able to make a foreign deposit at an ATM. If you try it, I'll be interested in hearing your success.
723.2		CSC32::S_BROOK	There and back to see how far it is	`Mon Nov 22 1993 21:04`	10
	The answer, regrettably, is usually no ... because the host bank for the ATM has no way of contacting you directly in case the deposit is rubber. Yes, they can contact you indirectly to return the bounced deposit to you, but they just don't like the complications ... because the bank you are actually depositing into has no contract with you ... only the destination bank.
723.3		NOTIME::SACKS	Gerald Sacks ZKO2-3/N30 DTN:381-2085	`Thu Dec 23 1993 16:00`	2
	There's a more obvious reason -- how is your bank supposed to get the checks you deposit from DCU? They can't fit through a wire.
723.4		SPECXN::WITHERS	Bob Withers	`Thu Dec 23 1993 16:13`	9
	In some senses, it does not matter what organization processes the ATM deposits since all the money routes via the Fed Reserve Bank Code in MICR ink at the bottom of the check. In fact, the DCU branch here in Colorado Springs doesn't (didn't) even clear their own checks, United Bank four miles away does that. In the middle of the night, FedWire magick hapens and the right organizations get credited and debited. BobW