In most cases, depositing money basically consists of entering the bank, lining up at the cashier and passing on the details of value and destination to the clerk. Please be careful with this information to avoid confusion. If you're sending money to a virtual bank account, the process is a little more complicated. You will need to have a traditional account to make a transfer or issue a money order, and thus make the money available in the virtual account.
Method 1 of 3: Depositing at the cash desk
Step 1. Check that the deposit information is correct
If you are going to deposit money in your own account, having your card and document is enough to do the procedure. If, however, you are going to send money to a third party, further information will be required.
- It will be necessary to have the bank code, branch, account, full name and CPF of the beneficiary.
- If you don't have cash but have a balance in your account, it is also possible to make a cash transfer with this same data.
Step 2. Check the amount to be deposited
Once sent, the amount cannot be refunded, so it is very important to check the money. Count calmly several times, including in the presence of the cashier, to avoid any doubt. Always keep proof of the transaction.
It is also possible to deposit checks. The process is the same
Method 2 of 3: Depositing to an Online Banking Account
Step 1. Choose an online bank that has physical branches
Some virtual banks have branches or tellers where you can make deposits. If any of them are close to you, the process is very similar to depositing in traditional banks.
Step 2. Issue a money order
The money order is like a check, but covered by a public or private service, which makes it more secure. Choose your preferred money order service (usually a bank), pay for the issue and deposit according to your bank's instructions.
- The specific money order deposit process varies depending on the virtual bank you use.
- You can usually scan or take a photo of the money order and send it to the virtual bank. In some cases, it may be necessary to send it by mail.
- Check your virtual bank's policy on money orders before issuing them.
Step 3. Make an online transfer
If you have both a virtual bank and a traditional bank account, make a deposit into the traditional bank account at a branch or teller. Then transfer the amount to the virtual bank online. The specific method for doing this varies depending on the banks you use.
- In general, you will need to configure your traditional bank's internet banking, access and select the transfer option or something like that. Afterwards, you will have to inform the code of the virtual bank receiving the amount.
- If you only have a virtual bank account, open an account also in a traditional bank. Look for one with low monthly fees.
- The transfer process between different banks usually has a fee; check with the institutions involved.
Step 4. Issue a billet
Most e-banks understand the difficulties of depositing money without physical branches and traditional accounts, so there is usually a boleto deposit feature. In the bank's application or website, look for the deposit area and select this option, informing the desired amount. A bank slip will be generated, which can be paid at any bank as if it were an invoice, without needing to have an account at the institution. Once the payment is processed, the amount will be available in your virtual account balance.
- If you do not find this option in internet banking, please contact your bank.
- Normally, the boleto process does not generate fees, but it is also the most time-consuming, taking a few business days to process.
Method 3 of 3: Depositing in other ways
Step 1. Recharge a prepaid debit card
Instead of depositing money at the bank, purchase a reloadable prepaid debit card. It works in the same way as a regular debit or credit card and allows you to make purchases within your deposit limit.
- The recharge process varies between cards. Some allow the deposit to be made at certain large stores, others can only be charged at the banks of origin.
- Before making a prepaid debit card, ask the issuer how to recharge it. If you find the process too difficult, better look for another option to deposit your money.
- Prepaid debit cards can be taken out online, at various banks and some large stores.
Step 2. Deposit money at ATMs
ATMs are machines for withdrawing and, in some cases, depositing money so that you have access to your account even when the bank is closed. Banks that do not have or are not affiliated with ATMs do not receive deposits through this means.
- Find a bank that has a large network of ATMs. To choose a virtual bank option that has access to them, contact the customer service for each option and ask the attendant about the topic. If the answer is not satisfactory, consider other ways to deposit your money.
- On the other hand, almost all traditional banks have a good network of branches and ATMs throughout Brazil, where you can make deposits even outside business hours. Always prefer to use the bank's own teller to the 24-hour teller, as this will save some fees.
- Most online banks do not accept ATM deposits.
- Money deposited through the ATM usually takes one business day to be processed and made available to the destination account.
Step 3. Don't send money in the mail
Although many banks (both traditional and online) allow check deposits by mail, never send cash in this way. Most banks do not admit this, but even if some accept it, do not opt for this process. The risk of money being lost is very high. A better option is to convert it to a money order or account balance.