Patent ID: 8346640

Claim:
A method comprising: receiving a transaction request at a currency recycler device, wherein the transaction request includes a deposit of physical currency into the currency recycler device; determining, by the currency recycler device, a plurality of accounts for which a requested transaction is authorized through the currency recycler device, wherein each of the plurality of accounts is pre-registered in the currency recycler device and corresponds to a different balance of funds and wherein each of the plurality of pre-registered accounts is configured to receive fund deposits; receiving, by the currency recycler device, a designation of at least two pre-registered accounts of the plurality of pre-stored accounts, wherein the designated at least two pre-registered accounts are held by a financial institution; receiving, by the currency recycler, a designation of a first portion of an amount of the physical currency to deposit into a first pre-registered account of the at least two pre-registered accounts and a designation of a second portion of the amount of the physical currency to deposit into a second pre-registered account of the at least two pre-registered accounts; transmitting, from the currency recycler device, the transaction request to the financial institution associated with the designated at least two pre-registered accounts, wherein the transaction request includes the designation of the at least two accounts and is transmitted after receiving the designation of the at least two pre-registered accounts; receiving confirmation from the financial institution indicating that the transaction request has been processed; and providing physical withdrawal availability of the physical currency from the currency recycler device after receiving the confirmation from the financial institution.