Does Bank of America Accept Coins for Deposit?

_{August 8, 2025 by JoyAnswer.org, Category : Banking}

Does Bank of America accept coins for deposit? Find out if Bank of America accepts coins for deposit. This guide covers coin deposit policies, branch availability, and alternative methods for depositing loose change through banks or coin machines.

Table of Contents

Does Bank of America accept coins for deposit?

Yes, Bank of America does accept coins for deposit—but there are important details to know:

What You Need to Know

Coins must be pre-rolled. Bank of America generally requires customers to roll coins into the proper wrappers before accepting them. Tellers won’t take loose coins. Watcher GuruReddit
You must be a customer. The service typically only applies to account holders. Non-customers may not be accepted, or might face a fee. Watcher GuruReddit
No fee for account holders. If you have an account and bring properly rolled coins, the deposit is generally free. Watcher GuruBankrate
No automatic coin-counting machines. Unlike some credit unions or regional banks, most BofA branches don’t offer in-branch coin-counting machines. BankrateNerdWallet

From Other Users' Experience

On user forums like Reddit, customers share that their local branches only accept rolled coins and treat non-customers differently:

“As long as they're in those paper rolls … it shouldn't be a problem. Banks even provide those rolls to customers.”
“You should bank there in order for them to accept it.”
Reddit

And from years ago:

“Bank of America locations won’t allow coin deposit unless you wrap them.”
Reddit

Summary Table

Situation	Bank of America Policy
Account Holder, Rolled Coins	Accepted, no fee
Non-Customer, Rolled Coins	Likely not accepted or may incur fee
Loose Coins (rolled or not)	Not accepted unless rolled
Branches with Coin Machines	Rare for BofA; manual only

What You Should Do

Roll your coins by denomination using wrappers (often provided for free by the bank).
Ensure you have an active BofA checking or savings account.
Visit a branch and hand your rolled coins to the teller; they’ll count and credit your account.
If you’re not a customer or plan a very large coin deposit, call your local branch ahead of time to confirm their policy.

Bottom Line

Bank of America accepts coin deposits, but only if you're a customer and the coins are properly rolled. It's a straightforward, fee-free process in most cases—just be sure to package your coins correctly beforehand.

Depositing Coins at Bank of America: A Comprehensive Guide

For individuals and businesses looking to deposit loose change, understanding the policies of your bank is essential. Here's a detailed look at how Bank of America handles coin deposits, including requirements, potential fees, and available services.

Does Bank of America Accept Coin Deposits?

Yes, Bank of America does accept coin deposits from its customers. However, they generally require that the coins be rolled into appropriate coin wrappers before being brought to a financial center. Unlike some other banks or credit unions, Bank of America typically does not have self-service coin-counting machines available for customer use in their branches.

How to Deposit Coins at Bank of America Locations

To deposit coins at a Bank of America financial center, follow these steps:

Sort Your Coins: Separate your coins by denomination (pennies, nickels, dimes, quarters, half-dollars, dollar coins).
Roll Your Coins: Obtain coin wrappers (often available for free at Bank of America branches or purchasable at office supply stores). Count the correct number of coins for each wrapper (e.g., 50 pennies, 40 nickels, 50 dimes, 40 quarters) and roll them tightly.
Visit a Financial Center: Bring your rolled coins to any Bank of America financial center during business hours.
Teller Transaction: A teller will accept your rolled coins for deposit into your checking or savings account. They may verify the counts, especially for larger amounts.

Important Note: Bank of America ATMs do not accept coin deposits.

Are Coin Machines Still Available at Branches?

No, Bank of America branches generally do not have coin-counting machines for customer use. Most major national banks, including Bank of America, have phased out these machines due to maintenance costs and other operational considerations.

If you prefer to use a coin-counting machine, you might find them at some local community banks or credit unions, though they may require you to be a customer or charge a fee for the service. Alternatively, Coinstar kiosks, often found in grocery stores, can count your coins for a fee, but they offer fee-free options if you choose to receive an eGift Card instead of cash.

What Are the Limits or Fees for Coin Deposits?

For personal accounts, Bank of America typically does not charge a fee for depositing rolled coins into your account. However, there isn't a widely published specific limit on the total value of rolled coins a consumer can deposit in a single transaction. For very large amounts, it's advisable to call your local branch ahead of time to confirm their capacity and any specific procedures.

For business accounts, Bank of America's fee structure for cash deposits (which would include coins) can vary depending on the type of business checking or savings account. Many business accounts offer a certain threshold of cash deposits per statement cycle without a fee (e.g., the first $5,000 or $20,000), with a fee applied to amounts exceeding that threshold (e.g., $0.30 per $100 deposited thereafter). It's crucial for businesses to review their specific account's fee schedule.

Can Businesses Deposit Coins with Bank of America?

Yes, businesses can deposit coins with Bank of America. In fact, many Bank of America financial centers are equipped to handle business-specific transactions, including large cash and coin deposits. Some locations may even feature:

Dedicated Business Tellers: These tellers are specifically trained to assist business clients with deposits, withdrawals, and currency/coin requests.
Night Depositories: For businesses that need to deposit cash or coins after banking hours, many branches offer night depositories.

Businesses with significant coin volumes may also explore specialized cash management services offered by Bank of America, which can include arrangements for armored car services or other bulk coin processing solutions, though these services typically come with associated fees. As with personal accounts, businesses should ensure coins are sorted and rolled, or inquire about specific bagging procedures for very large, unrolled coin deposits, which may incur additional processing fees.