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#2216238 - 06/21/19 01:51 PM Deposit limits on ATM and Mobile Banking
Megaman Offline
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Joined: Jul 2017
Posts: 116
Good Morning,

Does anyone have any deposit limits for their ATM and/or their Mobile Banking? We are looking to add limits for deposits on these areas for fraud purposes. If you do what are your limits and why did you place those limits on these areas?

Thank you,

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General Discussion
#2216249 - 06/21/19 04:25 PM Re: Deposit limits on ATM and Mobile Banking Megaman
P*Q Offline

Power Poster
P*Q
Joined: May 2001
Posts: 8,458
Somewhere
We do for mobile but each bank must make its own risk based decision based on risk tolerance and past experience with fraud, if any. Most Banks in my area do have mobile limits, don't know of too many that have ATM deposit limits.

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#2216255 - 06/21/19 05:16 PM Re: Deposit limits on ATM and Mobile Banking Megaman
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,400
Agree with PQ. Our bank took a risk based approach. We review this process during each audit.

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#2216315 - 06/24/19 02:25 PM Re: Deposit limits on ATM and Mobile Banking Megaman
HappyGilmore Offline
10K Club
Joined: Jun 2004
Posts: 19,491
Pulling people out of the ditc...
we have limits as well, both daily and monthly, based on account type. customers can request a higher limit and it is reviewed to see if an adjustment is needed
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