A banking system is controlled responsive to data included on data bearing records. The system includes a deposit accepting machine for accepting deposit items, such as deposit bags, currency, and checks. The deposit accepting machine is in connection with a card reader operative to read data corresponding to financial accounts from user cards. The machine further includes an RFID reading device that is operative to read signals from RFID tags to obtain deposit information therefrom. The information can include data associated with the deposit, such as an account number and a deposit amount. The information can also include cash value. A computer is operative to credit a financial account for value associated with deposited items responsive to data read by the card reader and/or RFID reading device.