They're probably partnering with Cardtronics (which includes Allpoint) which has a really wide ATM network, partially owned and partially thru partnerships with other banks, credit unions, etc.

I would be very unconfortable depositing large amounts of cash at an ATM unless it was a first-party (owned by my bank) ATM with the newest tech that can scan bills as they go in.

Even then I think for cash I might be more comfortable handing it to a teller and getting a receipt.

These third party low-rent ATMs at convenience stores don’t even take deposits. They are withdrawal only.

Not to come across like this is an attack, but do you have any evidence/rationale behind that fear? I've never heard of ATMs mishandling money, although I haven't researched it before.

This is anecdotal, and not explicitly about ATMs, but I have had those "Pay your bills here" machines at 7/11 and other convenience stores mishandle my money a couple times. It would report I paid $150 instead of $200, missing a single $50 note.

This was resolved after about 2 hours on the phone with the company who manages the machines, but I still don't use them anymore.

Years ago depositing cash into envelopes which would slide into the machine, once or twice I had the deposit amount “adjusted” after the fact.

How can you prove if it was you or them that miscounted?

Modern “envelope-less” machines do not have this risk.

Counting cash by hand is surprisingly error prone. I ran a snack bar in high school and I would hand-count a large pile of grubby $1s before bringing to the bank. About once a week the total from their counting machine would not match my tally. I think even once it was the machine that got it wrong.

If you’re face to face with a human you can error correct before the pile of cash disappears.

The coin counting machines in the US closed a couple of years ago due to a class action suit for chronic short-changing: https://www.bankrate.com/finance/banking/banks-expel-coin-co...

Debit card skimmers are very common in ATMs, as are cameras to catch people entering their PIN. Although I have never seen an ATM where you can deposit money at a grocery or convenience store, and so I’m not sure what the potential attacks are for such a situation, I would imagine that tampered-with ATMs could capture other information or remove money from your account.

See https://krebsonsecurity.com for a ton of articles about various skimmers and scanners that have appeared in ATMs and gas pumps.

Yeah most online banks like this don't accept cash deposits via ATM. If you need a cash deposit it's done either via depositing at a traditional bank and transferring, or getting a money order and cashing that via mobile check deposit.

I use Simple, which is similarly online-only. They recommend depositing cash by getting a money order, which you can deposit via online check deposit by taking a picture of it.

I doubt the ATMs at Target/7-11 can take cash deposits. I've only seen that feature on bank branch ATMs.

Wow that's a bummer.

It'd be non-starter if I was, say, a landscaper and often received cash payments from clients.

I've had no trouble personally going basically cash-free. If someone gives me cash for some reason, I just buy the next grocery run with it to use it up.

The limit on deposit is based on FDIC limits and how much you want to risk. The amount FDIC insures today is $250,000 https://www.fdic.gov/deposit/deposits/

Sounds like it's probably using the AllPoint network.

http://www.allpointnetwork.com/

ATM is reimbursement based. Very much how shared branching with credit unions work.