Set up direct deposit: If your employer offers direct deposit, you can automatically direct a portion or all of your paycheck to your online bank.Additionally, keep in mind that these transfers may take a few days to process. You’ll need to enter the account number and routing number for each account and the details of the transfer.

You can make your cash deposits at that institution and then set up an ACH transfer to your online bank account.

Set up an ACH transfer from another bank: Consider opening a free checking account at another bank with a convenient network of branches or ATMs.

If cash is still king in your day-to-day life, there are still plenty of other options for depositing money in an online bank.

Depending on how your bank works, you may be able to deposit the money with a debit card or by scanning a code in your mobile banking app. Depositing cash with an online bank or credit union may involve visiting a partnering retailer and working with a cashier. However, the network’s locations for cash deposits include just over 1,500 machines that accept money – significantly fewer than the 55,000-plus machines that offer free withdrawals.ĪTMs aren’t the only option, though. For example, the Allpoint Network is one of the most common networks that give credit union members and online banking customers access for withdrawals. While some online banks and credit unions accept cash deposits at select ATM locations, your options may be limited to a small number of machines.

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