Cash deposit at point of sale using deposit product inventory item systems and methods

A system comprising:

• one or more processors;
• and
• one or more memories storing instructions that, when executed by the one or more processors, cause the system to perform a process for depositing funds into a designated account, the process comprising:
• generating, via a mobile application on a mobile device, a deposit code for a deposit;
• displaying, by the mobile device, the deposit code to a point-of-sale device of a merchant,
• wherein the point-of-sale device queries a banking entity based on the deposit code to provide accounts that the point-of-sale device of the merchant is authorized to make deposits in;
• in response to the point-of-sale device querying the banking entity, receiving, by the mobile device, two or more accounts of the banking entity available for the deposit;
• selecting, by the mobile device, a first account of the two or more accounts available for the deposit,
• wherein the point-of-sale device sends one or more signals to a transaction processing network to trigger the deposit in the first account;
• and
• receiving, at the mobile device, a receipt for the deposit in the first account.

A non-transitory computer-readable medium storing instructions that, when executed by a computing system, cause the computing system to perform operations for depositing funds into a designated account, the operations comprising:

• generating, via a mobile application on a mobile device, a deposit code for a deposit;
• displaying, by the mobile device, the deposit code to a point-of-sale device of a merchant,
• wherein the point-of-sale device queries a banking entity based on the deposit code to provide accounts that the point-of-sale device of the merchant is authorized to make deposits in;
• in response to the point-of-sale device querying the banking entity, receiving, by the mobile device, two or more accounts of the banking entity available for the deposit;
• selecting, by the mobile device, a first account of the two or more accounts available for the deposit,
• wherein the point-of-sale device sends one or more signals to a transaction processing network to trigger the deposit in the first account;
• and
• receiving, at the mobile device, a receipt for the deposit in the first account.