top of page
AfriNews 247 LOGO.png
AfriCareers Thin Banner.png

Best Online Banks That Accept Cash Deposits | Top Digital Banks for Cash Deposits

  • Writer: AfriNews 247
    AfriNews 247
  • 3 days ago
  • 3 min read

Online-only banks offer competitive interest rates and lower fees, but one common drawback is the limited ability to deposit cash. Thankfully, several online banks have found ways around this by partnering with ATM networks and retailers, making it easier for customers—especially those who are paid in cash—to fund their accounts.

From servers and bartenders to small business owners, many people still need to deposit physical cash. Below, we highlight the best online banks for cash deposits and the various methods you can use to add money to your account.

The freelancing landscape in Africa is changing rapidly, thanks in large part to the rise of mobile money. With a continent rich in cultures and economies, mobile money has become a crucial tool for financial inclusion. This shift offers freelancers in Africa new opportunities. Understanding the implications of mobile money is vital for anyone looking to thrive in this digital economy

🏦 Top Online Banks That Accept Cash Deposits

1. Alliant Credit Union

  • Over 80,000 surcharge-free ATMs

  • Many ATMs accept cash deposits

  • Search tool to locate deposit-friendly machines


2. Axos Bank

  • Deposit cash at select ATMs nationwide

  • Partners with Green Dot Network

  • Accepts deposits at CVS, Walgreens, 7-Eleven, Walmart, and more

  • No Axos fee, but retailers may charge up to $4.95

The freelancing landscape in Africa is changing rapidly, thanks in large part to the rise of mobile money. With a continent rich in cultures and economies, mobile money has become a crucial tool for financial inclusion. This shift offers freelancers in Africa new opportunities. Understanding the implications of mobile money is vital for anyone looking to thrive in this digital economy.

3. Capital One

  • Cash deposits accepted at Capital One branches and ATMs

  • Use Capital One Cafés and select Allpoint ATMs

  • Deposit cash at CVS and Walgreens for 360 Checking accounts

4. Chime

  • No physical branches, but supports retail cash deposits

  • Use 7-Eleven, CVS, Walgreens, and Walmart

  • No fee at Walgreens; other stores may charge

5. Current

  • Similar to Chime, Current allows cash deposits at stores like 7-Eleven, CVS, and Family Dollar.

  • Use the Current mobile app to generate a barcode for the cashier to scan, enabling instant deposit.

6. Discover Bank

  • Accepts cash deposits at Walmart by providing your Discover debit card to the cashier.

  • Funds typically appear in your account within 10 minutes.

7. LendingClub

  • Deposit cash at NYCE Shared Deposit ATMs or MoneyPass Deposit Taking ATMs.



8. Pentagon Federal Credit Union (PenFed)

  • Members can access more than 85,000 fee-free ATMs, many of which accept cash deposits.

9. SoFi

  • Allows cash deposits through Green Dot retailers such as CVS, Walgreens, and Walmart.

  • Similar fees apply for Green Dot transactions, capped at $4.95.

10. USAA

  • USAA customers can deposit cash at USAA-owned ATMs.

  • Use the bank’s ATM locator to find machines that accept cash deposits.

11. Varo Bank

  • Deposit cash at participating Green Dot locations, including Walmart, Safeway, and Kroger.

  • Funds are usually available within 10 minutes but may take up to an hour at some locations.



How to Deposit Cash at Online Banks

1. Use ATMs That Accept Cash Deposits

  • Many online banks allow cash deposits at ATMs within their network.

  • Check your bank’s ATM locator to find machines that accept deposits.

  • Be aware of limits on the number of bills or total cash per transaction.


2. Deposit at Participating Retailers

  • Online banks often partner with networks like Green Dot, enabling cash deposits at stores such as CVS, 7-Eleven, and Walmart.

  • Present your debit card or scan a mobile app barcode to complete the deposit.

  • Fees of up to $4.95 may apply, depending on the retailer.


3. Load Cash Onto a Prepaid Debit Card

  • Some banks allow you to transfer funds from a prepaid debit card into your account.

  • Load cash onto the card at participating retailers, then transfer it via your bank’s app or website.


4. Use a Money Order or Check

  • Purchase a money order or cashier’s check with cash at a post office, grocery store, or retailer.

  • Deposit it into your account using your bank’s mobile app by taking a photo of the money order or check.

  • Be mindful of deposit limits and processing times.


Fees for Cash Deposits at Online Banks

  • ATM Deposits: Most online banks do not charge fees for cash deposits at in-network ATMs. However, out-of-network ATMs may impose fees.

  • Retailer Deposits: Deposits made at retailers through Green Dot or similar services may incur fees up to $4.95 per transaction. Verify fees before making a deposit.




Online banks provide numerous advantages, including higher interest rates and lower fees. For those who frequently deposit cash, choosing a bank that supports ATM or retailer cash deposits is essential. By exploring the options listed above, you can enjoy the convenience of online banking without compromising on your cash deposit needs.

Comments

bottom of page