System for crediting a financial account via a physical cash-in transaction

Abstract

In a system (100) for crediting a financial account via a physical cash-in transaction, a cash-in transaction request is received from a system user at a self-service terminal (110), and a transaction platform (160) determines whether a transaction account has sufficient funds to process the transaction request. The system user is instructed to insert physical cash into the selfservice terminal (110) when the transaction account has sufficient funds, and the self-service terminal (110) issues a cash-in request to the transaction platform (160) upon successful receipt of a to-be-deposited amount of physical cash. The cash-in request is processed by the transaction platform (160) through one of an institutional transaction processing and a clearing house transaction processing based on a nominated financial institution (180) that issued a destination account where the deposited amount is to be credited.