Bank of America's Coin Services

Bank of America does not operate coin machines in its branches. If you have rolled coins or loose change you want to deposit, you cannot use a machine at a BofA location. However, Bank of America does accept coin deposits at the teller window during regular business hours — you can hand coins directly to a teller, and they will count and deposit them into your account.

The process is straightforward: bring your coins to any Bank of America branch, ask to deposit them, and a teller will process the transaction. There is no fee for this service if you are a Bank of America customer depositing into your own account. The teller will count the coins in front of you or take them to the back to count, depending on the branch's procedures and how many coins you have.

If you prefer not to hand over loose coins, you can roll them yourself using coin wrappers (available at most banks or office supply stores) and deposit the rolls. This speeds up the process because the teller does not have to count individual coins.

Key Takeaways

  • Bank of America does not have coin-counting machines in branches, but tellers will accept and deposit coins directly at the counter.
  • Coin deposits at the teller window are free for Bank of America customers and can be done during regular branch hours.
  • Rolling your coins before depositing them can make the process faster for both you and the teller.
  • If you need to convert a large amount of coins to cash or deposit them without a bank account, credit unions and grocery stores with coin machines are alternatives.
  • Some Bank of America ATMs accept deposits, but these are for checks and cash only — not coins.

Why Bank of America Removed Coin Machines

Many banks, including Bank of America, phased out coin-counting machines over the past decade. The machines were expensive to maintain, required regular servicing, and took up valuable branch space. As fewer customers used cash and coins, banks found it more cost-effective to handle coin deposits through tellers instead.

This shift reflects a broader move toward digital banking. Fewer people carry coins, and those who do often prefer to deposit them quickly rather than use a machine. Teller-based deposits also allow banks to catch counterfeits and verify the accuracy of large coin deposits more easily.

Depositing Coins at Bank of America

To deposit coins at a Bank of America branch, you will need to be a customer with an active checking or savings account. Bring your coins in any form — loose, rolled, or in a container. Visit during branch hours (typically 9 a.m. to 5 p.m. on weekdays, with shorter Saturday hours; hours vary by location).

Tell the teller you want to deposit coins into your account. If you have a large amount, the teller may ask you to wait while they count, or they may take the coins to the back. The deposit will post to your account the same day or the next business day, depending on when you deposit and the branch's processing schedule.

Bank of America does not charge a fee for coin deposits made by account holders. Non-customers cannot deposit coins at a Bank of America branch.

Alternatives to Bank of America for Coin Deposits

If you do not have a Bank of America account or prefer a coin machine, several other options exist. Many credit unions operate coin-counting machines for their members, often for free or for a small fee. Some credit unions accept non-member coin deposits for a percentage fee (typically 5 to 10 percent of the total).

Grocery stores and retail chains like Coinstar operate coin machines in their locations. Coinstar charges a fee — usually around 11.9 percent of the total value — but you receive cash or a gift card when ready. Some grocery stores offer their own coin machines with lower fees or no fee if you are a member of their rewards program.

Local banks may also accept coin deposits from customers. Call ahead to confirm they accept coins and whether they charge a fee.

Using Bank of America ATMs for Deposits

Bank of America ATMs do accept deposits, but only checks and cash bills — not coins. If you want to deposit coins using an ATM, you will need to convert them to cash first at a coin machine or by exchanging them with a teller.

The ATM deposit feature is useful if you want to deposit cash or checks outside of branch hours. Deposits made at ATMs typically post within one business day.

Frequently Asked Questions

Can I deposit coins at a Bank of America ATM?

No. Bank of America ATMs only accept checks and cash bills. You must deposit coins at the teller window during branch hours or convert them to cash first using a coin machine elsewhere.

Is there a limit to how many coins I can deposit at once?

Bank of America does not publish a specific coin deposit limit. However, if you have a very large amount (hundreds of dollars in coins), call your branch ahead of time to let them know. The teller may need extra time to count, or the branch may ask you to roll the coins first.

Do I have to be a Bank of America customer to deposit coins?

Yes. Only Bank of America account holders can deposit coins at a teller window. Non-customers should use a Coinstar machine, credit union, or local bank that accepts non-member deposits.

What if my branch is closed when I need to deposit coins?

You will need to wait until the branch reopens. Bank of America does not offer after-hours coin deposit options. Alternatively, use a Coinstar machine at a nearby grocery store or retail location for when ready conversion to cash.

Can I deposit foreign coins at Bank of America?

Bank of America tellers typically only accept U.S. coins. Foreign coins are not processed through standard deposit channels. Some currency exchange services or specialty coin dealers will exchange foreign coins for cash or U.S. currency.