Bank of America accepts coins, but with conditions that depend on your account type and the branch location

Bank of America will take coins from you, but they do not treat coin deposits the same way they treat cash or checks. Most branches accept rolled coins (coins wrapped in paper sleeves) or loose coins in small quantities without charging a fee if you have a checking or savings account. However, some branches impose a fee on large coin deposits, and a few locations have stopped accepting coins altogether due to staffing or operational changes. The safest approach is to call your specific branch before you bring in coins, because the policy varies by location.

If your branch does accept coins, you will typically need to either roll them yourself in standard paper coin wrappers (which you can get free from the bank) or bring them loose in a bag or container. The teller will count them at the counter or, at some branches, run them through a coin-counting machine. The deposit goes into your account the same day, and there is no hold on coin deposits the way there sometimes is on checks.

Key Takeaways

  • Call your local Bank of America branch before bringing coins in, because policies vary by location and some branches no longer accept them.
  • Rolled coins in standard paper wrappers are easier for tellers to process than loose coins, and the bank provides the wrappers for free.
  • Coin deposits post to your account the same day with no hold, unlike some check deposits.
  • Large coin deposits may trigger a fee at some branches, so ask about the threshold when you call.
  • If your branch will not take coins, a coin-counting machine at a grocery store or laundromat is often faster than trying to roll them yourself.

What happens when you bring coins to a Bank of America branch

When you walk in with coins, the teller will ask whether they are rolled or loose. If they are loose, the teller may ask you to roll them or may run them through the bank's coin counter, depending on the branch's equipment and how busy they are. Some branches have automatic coin-counting machines behind the counter; others count by hand. The process usually takes five to ten minutes for a typical deposit.

You will need to present your Bank of America debit card or account number so the teller can credit the coins to the right account. The deposit posts when ready, and you can withdraw the money the same day if you need to. There is no waiting period or verification hold on coin deposits, which makes them different from deposited checks.

Branches that charge fees on coin deposits

Not all Bank of America branches charge the same way. Some locations impose a fee on coin deposits over a certain amount—often $100 or $500, depending on the branch. Other branches waive the fee entirely for account holders. A few branches in urban areas have stopped accepting coins altogether because of staffing constraints or because the volume of coin deposits became unmanageable.

The fee, when charged, is usually between $5 and $10 and is deducted from your deposit. This means if you bring in $150 in coins and the branch charges a $10 fee on deposits over $100, you will receive $140 in your account. Always ask about the fee structure when you call ahead, so you know what to expect.

How to prepare coins for deposit

The easiest way to deposit coins is to roll them yourself using standard paper coin wrappers. Bank of America provides these wrappers for free—you can ask for them at any teller window or pick them up in the lobby. A standard roll holds 50 pennies, 40 nickels, 25 dimes, or 20 quarters. If you roll them, the teller can process your deposit much faster because they do not have to count or run them through a machine.

If you do not want to roll them, bring them in a clear bag or container so the teller can see what you have. Avoid bringing coins in a heavy bag or jar that is hard to handle, because tellers have to pour them out and count them. The cleaner and more organized your coins are, the faster the process moves.

What to do if your branch will not accept coins

If you call ahead and your branch says they no longer take coins, you have several alternatives. Many grocery stores, laundromats, and pharmacies have coin-counting machines that charge a small percentage (usually 8 to 10 percent) to convert your coins to cash or a gift card. For example, a machine might take $8 from a $100 coin deposit and give you $92 in cash. This is faster than rolling coins by hand, though it costs you a small amount.

Another option is to ask whether a different Bank of America branch nearby still accepts coins. Policies vary by location, so a branch two miles away might have a different policy than your home branch. You can also deposit coins at a different bank if you have an account there, or use a credit union if you are a member—many credit unions are more flexible about coin deposits than large banks.

Coin deposits and your account type

Bank of America's coin policy applies to most checking and savings accounts. If you have a basic checking account, a premium account like Preferred Rewards, or a savings account, you should be able to deposit coins without issue (though fees may explore at some branches). Business accounts may have different rules, so if you are depositing coins from a business account, ask your branch manager about their specific policy.

If you have a student account or a teen account, coin deposits are usually accepted, but call ahead to confirm. The account type itself does not disqualify you from depositing coins—the branch location and the amount of coins you are depositing are what matter most.

Frequently Asked Questions

Can I deposit coins at a Bank of America ATM?

No. Bank of America ATMs do not accept coin deposits. You must go to a teller at a branch during business hours. Some ATMs at other banks or credit unions may accept coins, but Bank of America's machines do not.

What if I have a very large amount of coins?

Call your branch first and let them know the amount. Deposits over $1,000 in coins may require advance notice or may be processed differently. The branch may ask you to bring them in at a specific time or may refer you to their coin-counting service, which can take longer than a regular deposit.

Do I need to be present when the coins are counted?

You do not have to watch the entire count, but the teller will usually count them while you are there so you can see the total before it posts to your account. If the amount is very large, the branch may count them after you leave and call you to confirm the total.

Can I deposit coins from someone else's account into mine?

Yes, as long as the coins are yours to deposit. The teller will credit them to your account based on your account number or debit card. You do not need the other person to be present.

What if the coin count is wrong?

If you believe the teller miscounted, ask them to recount while you are there. If you discover a discrepancy after you leave, contact the branch within a few days and they can review the transaction. Keep your receipt so you have a record of what you deposited.