Bank of America New ATMs – Love or Hate Them?Posted by Cap on November 23, 2008 |
Bank of America’s new envelope-less ATMs have actually been around for awhile now (probably over two years), but they weren’t widely available in my area until a couple of months ago.
Although I’ve always tried to keep my banking online (because heading into the sunlight burns my dungeon dwelling skin) — I occasionally still get a few pesky checks in the mail. As I was depositing some checks into the ATM a few days ago, I decided to snap a few picture for those of you that have yet to encountered these new ATMs:
Here are some pros and cons that I’ve observed from using these new ATMs:
- Instant scan and image of checks printed on receipt.
- Not having to lick those envelopes anymore.
- Fast for single check deposits into single account.
- Cash deposits gets credited immediately.
- If you have to deposit multiple checks into multiple accounts (businesses), prepare to enjoy the machine’s company as the machine takes only one check at a time (disregard picture above as that was just an example).
- If the machine eats your check without spitting it back out properly, you’ll be dealing with a lot of hassles trying to resolve the issue.
- If the machine takes your cash but didn’t credit the amount properly, you’ll be in for a world of headache.
Despite their myriad of fees and often shoddy services (or lack thereof), I’ve kept a Bank of America checking account open for years mainly because of the massive amount of locations Bank of America has — after all it’s pretty darn convenient to be thousands of miles away from home but still have access to fee-free ATMs.
These new ATMs can certainly be convenient, but I dread the day when I have to deposit more than 5 checks at the machine or have the machine gulp down the cash deposits but improperly crediting them.
If you’re a fellow Bank of America
slave customer and have something to say about the “new” ATMs, feel free to chime in.
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