How much money can be transferred from ATM to another account?

The ‘Card to Card Transfer’ option on SBI ATMs can be availed to send cash from one SBI debit card to the other. Up to ₹ 40,000 can be transferred per day instantly. There is no limit on number of transactions.

Can I use ATM to transfer money?

An ATM card or debit card allows you to transfer funds between linked accounts directly at an ATM. You won’t be able to transfer money to accounts at different banks or someone else’s account at the machine. However, online methods make it possible to transfer money to other people or accounts held at separate banks.

Can I transfer cash from ATM to another account?

ATMs allow you to insert one card at a time, so there is no way to transfer funds between one ATM card and another. If you are at an ATM where you can make deposits to your bank account, you can withdraw money using one debit card and then deposit it into your account using your other debit card.

How do I transfer money from ATM to bank account?

How To Deposit Cash in an ATM

1. Insert your debit card and PIN.
2. Select “Deposit.”
3. Enter the amount you want to deposit, and insert the cash or signed check.
4. Confirm the dollar amount of the deposit.
5. After the ATM has received the money, it will ask if you’d like a receipt.
6. Take your receipt and card.

How can I transfer money from ATM?

How to Transfer money from SBI ATM?

1. Swipe your card in the machine.
2. Click card to card Transfer.
3. Enter Debit Card number of the recipient (twice)
4. Enter the amount.
5. Select the account type such as savings or current account.
6. Before leaving the ATM, verify the amount you entered and the in the receipt is same.

How much cash can be deposited in bank?

If you deposit more than $10,000 cash in your bank account, your bank has to report the deposit to the government. The guidelines for large cash transactions for banks and financial institutions are set by the Bank Secrecy Act, also known as the Currency and Foreign Transactions Reporting Act.