Systems and methods for collateral deposit identification

A computing system, comprising:

• a network interface configured to communicate data over a network;
• and
• a processing circuit comprising one or more processors coupled to a non-transitory memory, wherein the processing circuit is configured to:
• receive, from a user computing device, via a website or software application running on the user computing device, a first request to apply for secured credit;
• generate a passcode corresponding to the first request, the passcode having an expiration time determined based on the first request;
• transmit the passcode to the user computing device;
• receive a second request to complete the first request to apply for the secured credit from an automated teller machine (ATM), the second request comprising the passcode;
• responsive to identifying the first request for the secured credit based on the passcode and determining that the passcode is active based on the expiration time, transmit, to the ATM, a collateral request for the secured credit, causing the ATM to display a graphical user interface including an element that, when interacted with, causes the ATM to accept a check corresponding to a collateral deposit;
• receive, from the ATM, a message acknowledging the collateral deposit, the message generated by the ATM responsive to the ATM accepting the check corresponding to the collateral deposit;
• determine that the collateral deposit satisfies the collateral request for the secured credit;
• and
• transmit, to the user computing device or to the ATM, a notification indicating that the first request has been approved.