Personal Finance

Safe to deposit large cheque into PCF (now Simplii) ATM?

  • Last Updated:
  • Aug 5th, 2018 2:05 am
Newbie
May 4, 2017
69 posts
58 upvotes
Vancouver
Years ago I transferred to PCF via ATM cheques from BMO numerous times. Smallest was 5K largest was 40K
Deal Addict
Nov 8, 2017
1556 posts
894 upvotes
I usually go to a teller to deposit something big. A few weeks ago I deposited 10k, and they offered a ULOC.
Newbie
May 30, 2019
1 posts
I once deposited 800 dollars when I was young at an atm and a few days later I got a letter saying I only deposited 100 or something like that. It took me months of fighting it before they gave me the credit for the full 800. Never deposit large sums of cash in an atm. For all you know the person counting the deposits could pocket some of the cash and then say that there was only x amount in the envelope and not the full amount. I had my deposit receipt but it was pretty useless as they still claimed I only deposited 100 dollars in the envelope. Btw this happened to my pcf account.

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