System and method for automated deposit item handling

A computer-implemented method comprising:

• receiving an image of a deposit item scanned by an automated teller machine, the deposit item having been received by the automated teller machine in an automated teller machine session for deposit into a first account of a financial institution associated with the automated teller machine;
• analyzing the scanned image of the deposit item to identify a drawee institution for the deposit item;
• determining that the drawee institution is the financial institution associated with the automated teller machine;
• analyzing the scanned image of the deposit item to identify a drawer account on which the deposit item is drawn at the financial institution;
• confirming that the drawer account has sufficient available funds to cover an amount of the deposit item;
• and
• upon confirming that the drawer account has sufficient funds to cover the amount of the deposit item, crediting the first account in the amount of the deposit item without placing a hold on any of funds in the first account and encumbering funds of the drawer account in the amount of the deposit item, the encumbrance being performed after and in response to receiving the image of the deposit item, the deposit item having been received by the automated teller machine for deposit;
• and
• after crediting the first account in the amount of the deposit item, sending an indication to the automated teller machine in the automated teller machine session that the amount of the deposit item is now available in the first account.

A non-transitory computer-readable storage medium storing instructions that, when executed by a processor of a computer system cause the computer system to:

• receive an image of a deposit item scanned by an automated teller machine, the deposit item having been received by the automated teller machine in an automated teller machine session for deposit into a first account of a financial institution associated with the automated teller machine;
• analyze the scanned image of the deposit item to identify a drawee institution for the deposit item;
• determine that the drawee institution is the financial institution associated with the automated teller machine;
• analyze the scanned image of the deposit item to identify a drawer account on which the deposit item is drawn at the financial institution;
• confirm that the drawer account has sufficient available funds to cover an amount of the deposit item;
• upon confirming that the drawer account has sufficient funds to cover the amount of the deposit item, credit the first account in the amount of the deposit item without placing a hold on any of the credited amount and encumber the drawer account in the amount of the deposit item, the encumber being performed after and in response to receiving the image of the deposit item, the deposit item having been received by the automated teller machine for deposit;
• and
• after crediting the first account in the amount of the deposit item, send an indication to the automated teller machine in the automated teller machine session that the amount of the deposit item is now available in the first account.