Can I transfer money to another account through ATM?

Can You Transfer Money Between Accounts at an ATM?

The short answer is: sometimes. While the ability to transfer money between your own accounts – say, from your checking to your savings – via an ATM is a common feature, it’s not universally available across all ATMs. The success of your transfer hinges on several factors.

Where the ATM is located is key. ATMs located within the branch of your bank are significantly more likely to offer this internal account transfer function than those found in other locations, such as grocery stores or gas stations. These in-branch ATMs are often directly connected to the bank’s core systems, providing a smoother and more reliable transfer process. Independent ATMs, those not directly affiliated with a specific bank, usually lack this functionality.

Your bank’s policies play a crucial role. Even if the ATM itself has the capability, your bank might restrict or disable this feature. Some institutions may prefer you to use their online banking platform or mobile app for inter-account transfers, potentially for security reasons or to encourage the use of their digital services. Therefore, checking your bank’s website or contacting customer service to verify the availability of ATM-based transfers is highly recommended.

What kind of transfer are you trying to make? While transferring funds between your accounts at the same bank is generally possible via compatible ATMs, this method is almost certainly not suitable for international transfers. International money transfers require specialized services and will involve different processes, fees, and exchange rates. For sending or receiving money internationally, consider using dedicated providers such as Wise (formerly TransferWise), WorldRemit, or Western Union. These platforms offer better exchange rates and more transparent fee structures compared to using an ATM for this purpose.

In summary: While transferring money between your own accounts at an ATM is possible in certain circumstances, it’s not guaranteed. Always check with your bank beforehand to confirm availability, and remember that ATMs are generally unsuitable for international money transfers. For those, explore other, dedicated services designed for cross-border transactions.