What is a vkladomat and how it works

What is a vkladomat?

A deposit machine is a special type of ATM that serves one main purpose, depositing cash into your bank account. It acts as a sort of money box for the bank, which instantly credits the money to your account.

Deposit machines can be found in various locations, for example:

• In bank branches
• In shopping centres
• In other public places with a high human presence

With deposit machines, you don’t have to go directly to the bank during opening hours and wait in line to deposit cash. It’s a fast and convenient way to manage your money.

Advantages of the deposit machine

Deposit machines offer a number of advantages over traditional cash deposit at a bank:

Convenience with cash deposits

• Accessibility: deposit machines are often available outside bank opening hours, so you can deposit cash whenever it suits you.
• Speed: Depositing cash via a deposit machine is much faster than waiting in line at the bank.
• No need to visit the bank: you don’t have to adapt to the bank’s opening hours or travel to a branch. You can deposit cash for routine purchases or other activities.

Security of deposit machines

• Modern security features: deposit machines are equipped with cameras, sensors and alarms to protect your money from theft.
• Deposit confirmation: after depositing cash, you will receive a transaction receipt that serves as proof of the amount deposited.

Other advantages of deposit machines

• Suitable for smaller and larger deposits (depending on the bank’s limit): deposit machines are suitable for depositing smaller and larger amounts of cash (limits are set by each bank separately).
• Ease of use: the deposit machine is simple and intuitive to use. Just follow the on-screen instructions.
• In some cases, deposit machines can also be more advantageous in terms of fees: some banks charge fees for depositing cash at a branch, while depositing via a deposit machine can be free. However, it is important to check with your bank about fees, as practice may vary.

Deposit machines offer a convenient, fast and secure way to deposit cash into your bank account. Their out-of-hours availability and ease of use make them a convenient alternative to depositing money at the bank.

Deposit machine parameters

Deposit machine parameters may vary between banks and models, but in general there are a few key parameters that are good to know:

Accepted banknotes

• Denominations: deposit machines usually accept banknotes in common denominations such as €5, €10, €20 and €50. Some deposit machines can also accept higher denominations, such as €100 and €200.
• Condition of banknotes: deposit machines usually accept undamaged and unstamped banknotes. The condition of the banknotes is usually checked automatically. Damaged banknotes may not be accepted by the machine.

Deposit limits at the deposit machine

• Minimum deposit amount: most deposit machines have no minimum deposit amount.
• Maximum deposit amount: banks usually set a maximum amount that you can deposit through a deposit machine in one go. This limit is usually higher than the limit for cash withdrawals from ATMs.

Deposit machine functions

• Deposit to a specific account: most deposit machines allow you to deposit cash into a specific account linked to your bank card.
• Multiple deposits: some deposit machines allow you to deposit money in different denominations at the same time (both notes and coins).
• Banknote sorting: modern deposit machines can automatically sort and count the inserted banknotes.
• Deposit confirmation: after a successful deposit, the deposit machine will print a transaction receipt for you.

Safety features

• Cameras: deposit machines are equipped with cameras that monitor the area around the deposit machine and the process of depositing money.
• Sensors: deposit machines may have sensors to detect foreign objects or tampering attempts.
• Alarms: they are usually equipped with an alarm system that is triggered in the event of an attempted theft.

What banks have a deposit machine?

Deposit machines are available in most banks in Slovakia. The exact number and location of deposit machines varies from bank to bank, but you will find them in various towns and villages across Slovakia.

Banks with deposit machines include:

• Slovak Savings Bank
• VUB Bank
• Tatra banka
• Prima Bank
• CSOB
• UniCredit Bank
• Mbank
• Fio Bank
• 365.bank
• OTP Bank

In addition to bank branches, you can also find deposit machines in:

• Shopping malls
• Hypermarkets
• Tesco
• Bill
• Kaufland
• At the petrol pumps
• At railway stations
• At bus stations

Is there a deposit machine for cryptocurrencies?

Yes, there are cryptocurrency deposit machines, sometimes called crypto ATMs or Bitcoin ATMs. These devices allow users to buy or sell cryptocurrencies, most commonly Bitcoin, for cash. Some crypto ATMs also allow transactions with other types of cryptocurrencies such as Ethereum, Litecoin and others.

Crypto ATMs are widespread in many countries around the world and their number is growing. These ATMs typically require verification of the user’s identity to protect against fraud and to comply with regulatory requirements. Features and procedures may vary depending on the specific ATM and its location. For example, Bitcomat is used for cryptocurrencies.

How much money can be deposited via the deposit machine?

The maximum amount you can deposit via a deposit machine varies depending on the bank and the specific deposit machine.

Generally, however, the maximum deposit limits are between €5,000 and €20,000 per deposit. Some banks may have lower limits, such as €2,000 or €3,000.

You can check the exact deposit limit for your bank and deposit machine:

• On your bank’s website: most banks inform about deposit machine limits on their website in the section dedicated to deposit machines.
• On your bank’s mobile app: some banks also display this information on their mobile app.
• Directly on the deposit machine: the maximum deposit limit should be indicated on the display of the deposit machine.
• Telephone the bank’s helpline: if you have any questions, you can contact your bank’s helpline.

The limits for deposits into deposit machines vary between different Slovak banks.

Frequently asked questions about DepositMate

What is a vkladomat?

A deposit machine is an automated machine that allows bank customers to deposit cash into their bank accounts. Deposit machines are commonly found in bank lobbies, shopping malls and other public places.

How does the depositomat work?

Using the deposit machine is relatively simple. Just follow the on-screen instructions:

1. Insert your bank card into the deposit machine.
2. Enter your card PIN.
3. Select the “Deposit cash” option.
4. Insert the banknotes into the slot of the cash dispenser.
5. The deposit machine will count the deposited notes and display the amount of the deposit.
6. Confirm the deposit and take the transaction receipt.

What banknotes does the deposit machine accept?

In general, deposit machines accept banknotes in denominations of €5, €10, €20 and €50. Some machines also accept €100 and €200 notes. You can find information about which banknotes are accepted by a particular machine on the machine’s display or on your bank’s website.

How much cash can I deposit into the machine at one time?

The maximum amount you can deposit into a deposit machine may vary depending on the bank and the specific deposit machine. Please refer to the deposit machine display or your bank’s website for information on the maximum deposit amount.

Is it safe to deposit cash into a cash machine?

Deposit machines are equipped with various security features that protect the deposited money from theft. These features include cameras, sensors and alarms. While it is generally safe to deposit cash into a deposit machine, it is important to observe the following security precautions:

• Only deposit money in deposit machines that are located in secure and well-lit areas.
• Never leave unattended any banknotes you want to insert into the machine.
• After inserting the notes, take the transaction receipt and keep it in a safe place.
• If you have any doubts about the security of the deposit machine, please contact your bank.

What are the fees for depositing cash into the cash machine?

Some banks charge a fee for depositing cash into a deposit machine. The amount of the fee may vary depending on the bank and the type of account. Please refer to your bank’s website for information on cash machine fees.

Where can I find the nearest deposit machine?

Most banks have a map on their website with the location of the deposit machines. Deposit machines can also be found in bank lobbies, shopping centres and other public places.