Comments

  1. Ryan says

    I’ve heard that deposits can be made to Alliant using U.S. Bank’s ATMs. However, I am confused about what to put on the deposit envelope. Did the ATM that you used require an envelope?

  2. Harry Sit says

    Maggie – Alliant’s ATM locator page has a checkbox for “Deposit Taking ATMs.” The deposit taking ATMs around me belong to the CO-OP network, Alliance One, and U.S. Bank. When I plug in a random zip code, I see some Allpoint ATMs also take deposits.

    Ryan – Yes, U.S. Bank is a sponsor of MoneyPass ATM network, which Alliant also uses. If the ATM requires an envelope, I don’t put anything on the envelope. It isn’t necessary to use a deposit slip either. It knows where to deposit by the ATM/debit card number. I’ve used U.S. Bank’s ATMs to make deposits to Alliant CU account. No problem, but it has to be a U.S. Bank branch based ATM; the ones you see in airports or retail locations don’t work even though they say U.S. Bank.

  3. William says

    Everbank allows online deposit using a scanner and your own computer. Further, they pay higher interest than any of the other banks mentioned in your article. I have used their online services for years. They guarantee a rate within 5% of the top rate in the country for money market and checking account. No fees. They reimburse all ATM fees. Why drive to an ATM machine to make a deposit. Use your scanner at home.

  4. William says

    Oops, Sorry! I never deposit cash, and so I was thinking only about checks. Oh well. I live in a cashless world I guess.

  5. David C says

    TFB, do you have an alternative way to obtain Medallion signatures and some of the other things a brick and mortar are good for? Are you able to get those through Alliant’s shared branching network?

    Don’t get me wrong… since you left Wells Trade for TD Ameritrade it made sense to close the WF checking… just wondering about the “other” kinds of stuff brick and mortars are good for :-). I’m also not sure why I didn’t catch the fact that you closed the checking account back in your April 11th post… but you are talking to the guy who couldn’t find his 401k fee disclosure ;-).

  6. Harry Sit says

    David C – Transferring account from Wells Fargo to TD Ameritrade didn’t need a medallion signature. If I ever need one, I’m sure the local Fidelity or TD Ameritrade office will provide one, even if the very same form will transfer assets away from them. I never had a safe deposit even when I had the Wells Fargo account. I don’t think I will need one.

    Alliant isn’t part of shared branching because it’s too expensive. I heard it costs the home credit union something like $3 per transaction.

    I could’ve left the minimum amount necessary to keep the accounts open and fee-free, but it was too much hassle. I paid Wells Fargo $95 in order to close the accounts I don’t need.

  7. David C says

    @TFB (“Harry Sit”)
    There is craig10x’s post (http://www.fatwallet.com/forums/finance/814399/m16586875/#m16586875):

    [Alliant] [is] “unofficially” on the Cu shared service network…in other words, apparently they are but they try to keep it “hush hush” because of the high expense of those transactions…best thing to do
    is try it in your closest Cu shared location…and if it works then great but whatever you do…don’t ask Alliant DIRECTLY about it…

    FYI that seems to be backed up by a quick search at http://www.cuservicecenter.com (as of September 11, 2012 “Alliant CU” comes up in the search results). Shhhh… keep it a secret ;-)

  8. David C says

    …and for what it is worth I interpret Alliant’s status on the cuservicecenter.com website to mean that 1) they are in the network (you can find them under the “Does my CU Participate?” link) but 2) they do not accept guest (other) CU users at their branch locations (a sampling of several Alliant branches including in Chicago and Houston do not show up in the Branch Locator)

    The second point obviously wouldn’t impact an Alliant customer. Anyway I could easily be wrong… no warranties on this info :-).

  9. Harry Sit says

    David C – Thank you for the info. I heard they only participate in Hawaii. Being a member owner, I would respect its wishes to keep the cost low.

  10. Roger S says

    You state that USAA does not accept money orders thru the UPS Stores. Wrong – I do that all the time and there never is a hold of more than 30 minutes for the money orders (unless I deposit a large sum of $$$). Also, for those fortunate to live where “Check City” does business (I’m in Las Vegas), you can get all the Western Union m.o.’s you want for NO fee… no other transaction required!

  11. Roger S says

    PS: Your link to USAA’s faq is correct: They do NOT accept mo’s via the @Home mobile scanning APP, but they DO accept them at the UPS Stores.

  12. Harry says

    Roger S – Thank you for the info on depositing money orders to USAA at UPS stores. Perhaps USAA should update their FAQs for Easy Deposit.

    “What types of checks can I deposit using USAA Easy Deposit?”

    “You can deposit endorsed checks from U.S. financial institutions. The following check types cannot be deposited:

    Cashiers check
    Money order
    Foreign check
    Savings bond
    Traveler’s check”

  13. Jim says

    I’ve been depositing checks, money orders, and bank drafts to my USAA accounts using the neighborhood UPS store for over six months now.

  14. Matt Rattan says

    Can someone advise me as to what ATM I use to make a deposit to ALLY bank? Does Allpoint work? Need to deposit cash to Ally, and want to use an ATM

    • Harry says

      As far as I know, Ally Bank doesn’t have this feature. Call or chat with Ally customer service to confirm.

    • Donna Pordel says

      Thanks Harry for answering Matt, (I was wondering this too) but I thought Ally did accept ATM deposits, from the quote in your article:

      “Among all the major online banks — Ally, Capital One 360, USAA, Fidelity, Schwab — Alliant Credit Union solves this depositing problem most elegantly. ”

      I saw Ally’s name in that quote…

    • Harry says

      Solving the cash deposit problem doesn’t necessarily mean accepting ATM deposits. You solve it with Ally and the other names mentioned by getting a Bluebird account and depositing cash at Walmart.

  15. Tony Hellmore says

    I was hoping to find out more on making a deposit to Ally too. That Bluebird charges you, read the fine print. Don’t want that. Making a deposit at an ATM is what I want

    • Harry says

      Ally’s FAQ says you can’t deposit cash directly to Ally.

      “Can I deposit cash?
      Sorry, but we don’t accept cash deposits.”

      The fine print for Bluebird says there is no fee for depositing cash at Walmart. As long as you don’t use ATM to take cash out of Bluebird (why would you if you are trying to deposit cash?), there is no fee. Where do you see that Bluebird charges you?

  16. Adam says

    Just found this out the hard way when I called Schwab. I was told I could deposit a money order on the app but have not done this yet.

  17. Mario says

    The problem with Ally and most online banks is converting that cash to a check so you can deposit it. I’m sure everyone here knows a family member or someone who has a brick and mortar bank checking account. Just give them the cash and ask them to write you a check. Doesn’t cost a dime. Then you can deposit that check with your smartphone app. These days there isn’t a lot of need to be depositing cash constantly. But if you do, then maybe you shouldn’t have an online bank account.

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