Depositing Cash at Your Bank: What You Need to Know

Various Deposit Options

Depositing cash into your bank account is a straightforward process. You can choose from a range of options, including depositing coins or banknotes at a branch, using an ATM, or making a deposit via online banking.

Cash Deposit Limits and Regulations

Herkunftsnachweis Requirement

In some countries, banks and savings banks are required to request a "Herkunftsnachweis" (proof of origin) for cash deposits exceeding a certain amount (e.g., 10,000 euros). This regulation is intended to combat money laundering and ensure the legitimate source of funds.

Deposit Limits at ATMs

ATMs typically have daily deposit limits, so be sure to check with your bank before making large deposits. If you exceed the limit, you may need to make multiple deposits or consider alternative methods.

Steps for Making a Cash Deposit

To make a cash deposit at a branch, you will need to:

• Visit your bank branch during business hours.
• Bring your cash in a secure and organized manner (e.g., in an envelope or deposit bag).
• Fill out a deposit slip and provide any necessary documentation, such as a Herkunftsnachweis.
• Submit your deposit to a teller.

You will receive a receipt as confirmation of your deposit.