Title: How to Deposit Cash into Online Bank Accounts | GOBankingRates
Headings: How to Deposit Cash to an Online Bank Account
How to Deposit Cash to an Online Bank Account
Ways to Deposit Cash Into an Online Bank
1. Reloadable Prepaid Debit Card
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2. Put Cash in a Traditional Checking Account and Transfer It Online
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Pros
Cons
3. Get a Money Order
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4. Make a Deposit at a Cash-Accepting ATM
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Cynthia Measom
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Content: 2. Put Cash in a Traditional Checking Account and Transfer It Online
If you choose to keep a traditional checking account, look for one with no monthly fees or very low monthly fees. For example, the Bank of America Core Checking Account is free if you maintain a monthly balance of $1,500 or make a monthly direct deposit of at least $250. Using your traditional bank to deposit cash and move it to your online bank account might be an easy solution. To get started, go to your traditional bank’s branch or ATM and deposit cash, then move the money electronically from your traditional account to your online account. Wells Fargo, for example, allows bank-to-bank transfers after a verification process, which could take three to five days. Top Offers from our Best Banks of 2021
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Pros
You can take advantage of in-person bank services from your brick-and-mortar bank. You’ll have access to two different sets of bank promotions and offerings. Cons
You’ll have to keep track of two bank accounts with two different financial institutions.