News

Wells Fargo deposit ATMs now all envelope-free

December 6, 2011

Wells Fargo & Company today announced that all of its ATMs equipped with deposit automation are now entirely envelope-free, according to a company press release.

Customers no longer need to write on an envelope or key-in a deposit amount. Once cash and/or checks are inserted, the machine converts the paper checks into digital images, which appear on the ATM screen and on the receipt. It also sorts and counts the bills and verifies the amount.

"We're thrilled to have Wells Fargo envelope-free ATMs stretching coast-to-coast, providing our customers with added convenience," said Alicia Moore, head of Wells Fargo ATM Banking. "Some key benefits are they do the math, save paper, simplify the process and extend the banking day. The ATM does all the work. "

Cash deposits are available for use immediately and check deposits made on weekdays by 9 p.m. are considered received on the same day.

For more information on this topic, visit our Check 21/deposits research center.