deposit money

Meaning

To put money into a bank account for safekeeping or to save it. This is a common transaction done at a bank branch, through an ATM, or via a mobile banking app. It is the direct opposite of withdrawing money.

Examples

• I need to stop by the bank to deposit some money into my savings account.

  I need to stop by the bank to deposit some money into my savings account.

• You can deposit money directly using the ATM outside.

  You can deposit money directly using the ATM outside.

• My employer deposits money into my account every second Friday.

  My employer deposits money into my account every second Friday.

• Is there a fee if I deposit money from an international account?

  Is there a fee if I deposit money from an international account?

• She deposited some money to open her new checking account yesterday.

  She deposited some money to open her new checking account yesterday.

Common Mistakes

• ✗ I want to put money in my bank tomorrow.

  ✓ I want to deposit money into my bank account tomorrow.

  While 'put money in' is conversational, 'deposit money into [an account]' is the correct collocation for banking transactions. You deposit funds into an account, not the physical bank itself.

• ✗ The machine didn't let me deposit money of cash.

  ✓ The machine didn't let me deposit cash.

  Combining 'money' and 'cash' in this way is redundant. You should say 'deposit money' or 'deposit cash' directly.

Related Expressions

Practice

• You can ___ at the ATM without going inside the bank.

  💡 Put cash into your account.

  Show answer

  deposit money

• I had to ___ into my account because my balance was getting too low.

  💡 Put funds into your bank account.

  Show answer

  deposit money