How Much Cash Do You Load Into An ATM?

How Much Cash Do You Need To Load In ATM?

Most new ATM owners want to know how much cash they should load into their ATM. In fact, two of the most frequent questions about the ATM Machine business are:
➢ How do you load an ATM Machine with Cash? and
➢ How much cash can my ATM hold?

Loading Cash Into Your ATM

The answer to how much cash does an ATM Machine hold really depends on the type of ATM Machine and the type of Cash Cassette. There are fixed cassette ATM machines (meaning non-removable) these are typically in lower end ATM machines designed for low volume locations. Then there are ATM machines which have removable cassettes in all sorts of configurations. Evolution Cash provides a full line of Triton and Hantle ATMs which are available in multiple configurations. Your Evolution Cash Account Manager will help you choose the best ATM for your business needs.

Depending on which ATM Plan you choose, Starter, Lite, Pro or Premium, either we will load your ATM for you or you will do it yourself.

If you choose the Starter Plan we do it all for you, we install, load and service your ATM.

If one of our other plans suits you better, such as the Lite, Pro or Premium Plans, you will be responsible for loading cash into your ATM. But not to worry – we’ll teach you everything you need to know and make the process as simple as possible. The interior cassette of your ATM is similar to the paper cassette of your photocopier and loading cash into your ATM is very similar to loading additional paper into a photocopier. If you can do one, you can easily do the other. Its as easy as that.

How Much Cash Do You Need To Load In ATM?

The amount of cash you should load into your ATM depends on three main factors:

1) How much your ATM machine is capable of holding
2) How much cash you need to satisfy the traffic and usage demands of your location on a daily basis.
3) Whether you want to re-stock your machine on a daily basis.

1 – How Much Can Your ATM Hold

The answer to how much cash does an ATM Machine hold really depends on the type of ATM Machine and the type of Cash Cassette. There are fixed cassette ATM machines (meaning non-removable) these are typically in lower end ATM machines designed for low volume locations. Then there are ATM machines which have removable cassettes in all sorts of configurations. Your Evolution Cash Account Manager will help you choose the best ATM for your business needs.

In retail locations you’ll mostly see ATMs with dispensers that are easy to load but have might have different capacities as well as longevity based on use (volume of transactions). Most retail based ATM Machines only have a few hundred to a few thousand dollars and are loaded and unloaded daily to reduce the temptation of ATM theft.

2 – How Much Cash You Need To Satisfy The Traffic And Usage Demands of Your Location On A Daily Basis.

In retail locations you’ll mostly see ATMs with dispensers that are easy to load but have might have different capacities as well as longevity based on use (volume of transactions). Most retail based ATM Machines only have a few hundred to a few thousand dollars and are loaded and unloaded daily to reduce the temptation of ATM theft.

A typical store, bar or restaurant owner will likely load their ATM with $2000 to $5000 in $20 bills. Where you get the funds is completely up to you, you can take the funds from your daily cash deposits or get cash from their local Bank ATM. If you need to, you can request an increased withdrawal limit on your debit card. If those options don’t suit you, you can always call ahead to your business bank branch and ask them to have $2000 to $5000 in $20 bills ready for you to pick up daily, or as often as you may need.

You may need to phone your branch and give a couple days notice if you want to pick up larger amounts of $20 bills. Most banks are pretty accommodating that way.

Some ATM owners load their ATM daily. Some prefer to stock their ATM with enough cash to run unattended for several days. The table below illustrates how much cash is required for various levels of transaction volume.

Note:

* ATM industry statistics show that the average cash withdrawal is typically $60.

* Most ATMs dispense a minimum of $20 and a maximum is $400 per withdrawal.
98% of all ATMs we sell, lease or place are single cassette ATMs, dispensing only $20 bills.

* The recommendations above are based on the average withdrawals. On some days the ATM may require a “top up” which should take no more than takes 5 minutes.

Where Does The Money Go That Comes Out Of Your ATM and How Do You Get It Back?

When someone uses your ATM, they are accessing their debit or credit card account to get an overnight loan from your ATM. Most ATM owners set a surcharge fee for this convenience. The surcharge is one of the factors which determines how profitable your ATM will be for you. If you’re uncertain as to how to establish the surcharge, we’ll help you decide on the best surcharge for your ATM location.

You can see how much profit you’ll earn with out online ATM Profit Calculator.

Each ATM has a terminal ID and a bank routing number. When someone takes money out of your ATM, the banking networks know what machine did the transaction through these numbers. That’s how the banking networks also know where to put the money back the next day, through the routing number.

Here is an Example: All ATMs settle on banking days at 4:00 pm EST. Money taken out of the ATM before 4:00 pm EST will appear in your bank account the next day. Any money taken out after 4:00 pm will appear the day after. Any money taken out after 4:00 pm EST on a Friday will not show up in your bank account until Monday. Saturday and Sundays are not banking days. All surcharge money is deposited into your bank account once a month. All vault cash you load is returned to you via your bank account, usually the following day.