Bank of America accepts coins, but the process depends on the form they're in and which branch you visit

Yes, Bank of America takes coins. You can deposit coins directly into your account at most branches during business hours. The bank does not charge a fee to deposit coins that are already rolled or in their original bank packaging. However, if your coins are loose or in non-standard packaging, some branches may ask you to use a coin-counting machine first, or they may decline to process them at the teller window.

The experience varies by location. Larger branches with more staff tend to accept coins more readily than smaller ones. Some branches have coin-counting machines on-site that you can use for free before depositing. If a branch turns you away, you have other options — including using a different Bank of America location, exchanging coins at a grocery store, or using a third-party coin-counting service.

Key Takeaways

  • Bank of America accepts rolled coins and coins in original bank packaging at the teller window with no deposit fee.
  • Loose coins may be rejected at the teller window, but some branches have free coin-counting machines you can use first.
  • If your branch refuses coins, you can try a different Bank of America location or exchange them at a grocery store's customer service desk.
  • Coin deposits count toward your account the same day if you deposit before the branch's cutoff time, usually 2 p.m.

What Bank of America will accept at the teller window

Rolled coins in standard paper rolls are the easiest form to deposit. These are coins you've wrapped yourself in the paper sleeves banks provide, or coins that came in original bank rolls from a bank or coin counter. Bank of America tellers will count and deposit these without hesitation.

Coins in their original bank packaging — such as a roll of pennies or nickels as they came from the Federal Reserve — are also accepted without question. If you have coins in a plastic tube or other original packaging from a bank, bring that packaging with you.

Loose coins are where the rules get unclear. Some branches will accept a bag or jar of loose coins and count them at the teller window. Others will not, especially if the volume is large or the branch is busy. Before you bring in a large quantity of loose coins, call your local branch and ask whether they can process them. The phone number is on your Bank of America card or on the bank's website.

Using a coin-counting machine if your branch has one

Many Bank of America branches have coin-counting machines available to customers at no cost. These machines are usually located near the teller area or in the lobby. You pour your loose coins into the machine, and it counts them and prints out a receipt showing the total.

You then take that receipt to a teller and deposit the amount into your account. This solves the problem of loose coins being rejected — once they're counted and documented, the teller will process the deposit. If your branch does not have a coin counter, ask the teller whether one is available at a nearby location.

What to do if your branch won't take your coins

If the branch you normally use declines your coins, your first option is to visit a different Bank of America location. Larger branches in busier areas are more likely to have coin-counting machines and staff trained to handle coin deposits. You can find other branches near you on Bank of America's website or by calling 1-800-432-1000.

A second option is to exchange coins at a grocery store or pharmacy. Many supermarkets — including Walmart, Target, and Kroger — have customer service desks that will exchange coins for bills at no cost if you're a customer. Some Coinstar machines in grocery stores charge a fee (usually around 10 percent), so ask before using one.

A third option is to use a local credit union or community bank. These institutions often have fewer restrictions on coin deposits than large national banks and may process them more readily.

How coin deposits are recorded in your account

When you deposit coins at the teller window or via a coin-counting machine, the amount is added to your checking or savings account the same day, provided you deposit before your branch's cutoff time. Most Bank of America branches stop accepting deposits at 2 p.m. on weekdays, though this varies by location.

The deposit will show up in your account when ready if you're using online or mobile banking. You do not need to wait for the coins to be physically transported to a processing center — the teller records the transaction in the system right away.

Coin deposits and account minimums

Coin deposits count toward any account minimum balance your checking or savings account requires. If you have a Bank of America account that requires a minimum daily balance to avoid a monthly fee, depositing coins raises that balance just like depositing bills or checks does.

There is no limit to how many coins you can deposit in a single transaction, though very large quantities (such as several hundred dollars in coins) may take longer to process. If you're depositing a very large amount, call your branch ahead of time to let them know you're coming. This gives the staff time to prepare and ensures they have enough time to count everything before the branch closes.

Frequently Asked Questions

Can I deposit coins at an ATM?

No. Bank of America ATMs do not accept coins. You must deposit coins in person at a teller window or use a coin-counting machine at a branch location.

Will Bank of America charge me a fee to deposit coins?

No. Bank of America does not charge a fee to deposit rolled coins or coins in original packaging. If you use a coin-counting machine at the branch, that is also free. Third-party coin-counting services (like Coinstar) may charge a fee, but Bank of America's own services do not.

What if I have foreign coins mixed in with U.S. coins?

Bank of America will not deposit foreign coins. Separate them before you go to the branch. You can exchange foreign coins at some currency exchange services or keep them for travel.

Do I need to roll my coins before I bring them in?

It helps, but it is not required. Rolled coins are processed faster at the teller window. If your coins are loose, ask whether your branch has a coin-counting machine, or roll them yourself using paper sleeves (which banks provide for free).

How long does it take to deposit a large quantity of coins?

A small bag of coins (under $20) usually takes 5 to 10 minutes at the teller window. Larger amounts may take 15 to 30 minutes. If you're depositing more than $100 in coins, call ahead so the branch can plan for the time needed.