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Topic: CIBC ATM envelopes on their way to becoming outdated  (Read 12894 times)
Rupiah
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« on: October 24, 2016, 09:50:00 pm »

Almost 22 months after TD had their ATMs accepting cash and cheques without envelopes CIBC has gone mainstream with them. There were several CIBC machines for a while that were accepting deposits without envelopes. However they seemed like trials. Last week a whole slate of ATMs in Toronto downtown were changed to the new ones.

Here are some pictures:

Looking at it head-onCheque/Cash Slot-No envelope
It even scans the banknote


It is going to be interesting to see if CIBC deploys it at the same rate as TD did.











Wonder what paper money would say if it could talk?
Seth
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« Reply #1 on: October 25, 2016, 01:43:09 am »

Do they use notes received in deposits for withdrawals? Or, more specifically, can you withdraw any denomination of notes instead of only $20s?

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walktothewater
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« Reply #2 on: October 25, 2016, 07:17:45 pm »

I saw this feature with 1 of BMO ATM's in TO a few weeks back.  I think they'll all go this way eventually.

Rupiah
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« Reply #3 on: October 25, 2016, 11:22:37 pm »

Do they use notes received in deposits for withdrawals? Or, more specifically, can you withdraw any denomination of notes instead of only $20s?

Based on my TD experience I can say that the general answer to that question is: no. But there are machines in specific branches where there are no "people" tellers or CSRs but only machine tellers. These machines allow you to withdraw any denominations - although I have tested them and it is not the notes that were just deposited. Also these machines are accessible only when the "branch" is open.

The other distinction between the "branch" machine tellers and the regular ATMs is that the regular ATMs will not allow you to withdraw any random amount - say for example 160. The "branch" machine tellers will allow you to withdraw any amounts.

There is one more distinction: the "branch" machine tellers can allow you to deposit I believe 200 notes. On the other hand the regular ones limit you to 50 at a time. So to do 200 you will have to do it 4 times all be it in one login.

Some other differences between TD and CIBC ATM's without envelopes:

CIBC is more environmentally friendly because it uses much less paper for receipts compared to TD. If you were to deposit 100 notes TD will have to print you two separate receipts while CIBC will do it only on one although in both you have to do it in batches of 50's.

CIBC is more convenient because you can combine cheques and notes in one pile and in one slot. For TD you have to choose and then insert it in different slots separately.

I have tried TD with paper notes. So far have not had a problem with any denomination of journey series including per-security 5's and 10's.

There is an interesting error I got once on TD machine which said "Forced Deposit". I was trying to see if the machine would accept polymer bank notes that according to BoC standards would be considered unfit. It did take the notes but it had me ask how much deposit I made in dollars.




Wonder what paper money would say if it could talk?
Rupiah
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« Reply #4 on: October 25, 2016, 11:25:25 pm »

I saw this feature with 1 of BMO ATM's in TO a few weeks back.  I think they'll all go this way eventually.

Do you know where it was located? I would like to give it a spin.

Wonder what paper money would say if it could talk?
walktothewater
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« Reply #5 on: October 26, 2016, 04:45:26 pm »

Quote
Do you know where it was located? I would like to give it a spin.

   382 Yonge St #4, Toronto, ON M5B 1S8 (on west side/north of Gerard St E)

Tom Swift
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« Reply #6 on: November 06, 2016, 12:52:57 am »

I live in China and all the bank machines are designed to accept cash with no envelopes. Large amounts as well. When you deposit funds, the machine counts them then rejects the ones it doesn't like. It sometimes takes a few more tries until the machine takes them all. Living in a cash society with the largest bill worth about $20 CDN, they go through a LOT of paper money.

Recently moved to Macau and have not seen the same types of machines. Credit card usage is more popular here and the largest bill is worth about $170 CDN.
Dean
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« Reply #7 on: January 03, 2017, 09:34:36 am »

I did a little experiment with the new machines using some spenders.
I tried to deposit a range of bills and the following notes were rejected:

1967 $1
1973 $1
1979 $20
1986 $2

Accepted bills:

1986 $5
1991 $20
2001 $10 (no security strip)
2005 $10 (security strip)

The new bank machines do not like old notes or obsolete denominations.  I think it's because they read the bar codes.

Anyone else try something similar with TD?
Dean

Rupiah
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« Reply #8 on: January 03, 2017, 10:46:30 pm »

I did a little experiment with the new machines using some spenders.
I tried to deposit a range of bills and the following notes were rejected:

1967 $1
1973 $1
1979 $20
1986 $2

Accepted bills:

1986 $5
1991 $20
2001 $10 (no security strip)
2005 $10 (security strip)

The new bank machines do not like old notes or obsolete denominations.  I think it's because they read the bar codes.

Anyone else try something similar with TD?
Dean

I have tried all the notes up to bird series denominations 5 to 100 and 2 bird series. The TD machine results:

$5 to $100 bird series accepted - $2 bird series not accepted
$5 to $100 journey series accepted including pre-security $5 and $10

Wonder what paper money would say if it could talk?
Rupiah
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« Reply #9 on: January 04, 2017, 09:24:33 pm »

Tried Bird $100 and $50 at TD machine. This time it did not accept it.

I had mixed it with other notes and only the bird 5 and 10 were not accepted.

Now I am thinking if it was another machine that I had tried when they were accepted.


Wonder what paper money would say if it could talk?
Rupiah
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« Reply #10 on: January 04, 2017, 09:26:51 pm »


I had mixed it with other notes and only the bird 5 and 10 were not accepted.



Meant :

bird $50 and bird $100 were not accepted. Other notes including polymer and journey denominations were in the mix and were accepted.

Wonder what paper money would say if it could talk?
casinobibber
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« Reply #11 on: July 09, 2017, 05:57:08 pm »

My credit union has a teller system that connects you to a live person on screen like Skype and you conduct your business as you would with a human teller. To do a cash deposit. you place your money in a slot with no envelope. They have been doing this for at least a year. They call it   P A T ... Personal Assisted Teller. First Ontario Credit Union, It's a small outfit, but they have a good grasp on technology !!!
Rupiah
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« Reply #12 on: July 21, 2017, 12:52:53 am »

My credit union has a teller system that connects you to a live person on screen like Skype and you conduct your business as you would with a human teller. To do a cash deposit. you place your money in a slot with no envelope. They have been doing this for at least a year. They call it   P A T ... Personal Assisted Teller. First Ontario Credit Union, It's a small outfit, but they have a good grasp on technology !!!

Very interesting. Would it be possible to identify the Credit Union?

Thx

Wonder what paper money would say if it could talk?
 

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