Bank of America accepts coins, but charges a fee unless you use their coin counting machine

Bank of America will take coins as a deposit, but the path depends on how you bring them in. If you roll your coins yourself in standard paper wrappers, most branches accept them without a fee. If you bring loose coins or ask a teller to count and wrap them for you, Bank of America charges a fee — typically 10 cents per dollar of coin value, though this varies by branch and account type.

The fastest and cheapest option is to use Bank of America's coin-counting machine, called a Coin Deposit Machine, if your branch has one. You pour loose coins directly into the machine, it counts them, and the money goes straight into your account with no fee. Not all branches have this machine, so you should call ahead or check the branch locator on Bank of America's website to confirm.

Key Takeaways

  • Rolled coins in standard paper wrappers are accepted at most Bank of America branches without a fee.
  • Loose coins or coins that a teller must count and wrap incur a fee, usually around 10 cents per dollar, though rates vary by location and account type.
  • Bank of America's Coin Deposit Machine counts loose coins for free, but not all branches have one — call ahead to confirm availability.
  • You must be a Bank of America customer with an account to deposit coins; non-customers cannot use the service.

How to deposit rolled coins without a fee

If you roll your coins yourself in standard paper coin wrappers — the kind you can buy at most drugstores or grocery stores — Bank of America will accept them as a regular deposit. Bring them to a teller along with your debit card or account information, and they will process them the same way they would process bills. No fee applies.

The coins must be rolled tightly and in the correct denominations: pennies in rolls of 50, nickels in rolls of 40, dimes in rolls of 50, and quarters in rolls of 40. If your rolls are loose or the denominations are mixed, the teller may refuse them or charge a fee to recount and reroll them.

What happens if you bring loose coins or ask the teller to count them

If you walk in with loose coins in a bag or jar and ask a teller to count and deposit them, Bank of America will charge you a fee. The standard rate is approximately 10 cents per dollar of coin value — so $10 in loose coins would cost you about $1 in fees. Some branches charge a flat fee instead, and rates can differ based on your account type and the branch location.

This fee exists because the teller must spend time counting, sorting, and rolling the coins by hand. The bank considers this a service beyond standard deposit processing. If you have a large amount of loose coins, the fee can add up quickly, which is why using the Coin Deposit Machine or rolling the coins yourself first is usually the better choice.

Finding and using a Coin Deposit Machine at Bank of America

Bank of America's Coin Deposit Machine is a self-service kiosk that counts loose coins and deposits them directly into your account with no fee. You straightforward pour your coins into the machine, it sorts and counts them, and the total is added to your account when ready. This is the most cost-effective option if your branch has one.

To learn about your branch has a Coin Deposit Machine, visit the Bank of America branch locator on their website, select your branch, and look for the machine listed under available services. You can also call the branch directly and ask. If your nearest branch does not have one, ask whether a nearby branch does — you may be able to make a quick trip to use it.

You will need your Bank of America debit card to use the machine. Insert it, follow the on-screen prompts, and pour your coins into the hopper. The machine will count them and display the total before you confirm the deposit.

Coin deposit rules and restrictions

Bank of America only accepts coins from customers with an active account. Non-customers cannot deposit coins at the bank. You must bring a valid form of identification and your debit card or account number to complete the deposit.

The bank will not accept coins that are damaged, foreign, or no longer in circulation. Coins must be U.S. currency. If you have rare coins, collectible coins, or coins you suspect may have value beyond face value, Bank of America will treat them as regular currency at face value only — they do not appraise or pay premium prices for special coins.

There is no limit to the amount of coins you can deposit in a single transaction, but very large deposits may trigger additional verification or reporting requirements under federal banking rules. If you are depositing more than $10,000 in coins in a single day, the bank will file a Currency Transaction Report with the federal government — this is routine and not a sign of a problem.

Alternatives if your branch does not have a Coin Deposit Machine

If your Bank of America branch does not have a Coin Deposit Machine and you want to avoid the teller fee, roll your coins yourself before you go to the bank. Standard paper coin wrappers cost a few dollars for a pack of 50 or 100, and rolling coins takes time but costs nothing. Many people find this worthwhile if they have a large amount of loose coins.

Another option is to use a coin-counting machine at a grocery store or retail location. Many supermarkets, including Coinstar machines found in grocery stores nationwide, will count your coins for a fee (usually around 10 to 12 cents per dollar). These machines give you a receipt or voucher that you can then deposit at Bank of America, or you can exchange it for cash. This may or may not save you money compared to the bank's fee, depending on your branch's rate.

Frequently Asked Questions

Does Bank of America charge a fee for rolled coins?

No, rolled coins in standard paper wrappers are accepted without a fee. The fee only applies if you bring loose coins or ask a teller to count and wrap them for you. Rolling coins yourself before you deposit them is the free option.

Can I deposit coins at an ATM?

No, Bank of America ATMs do not accept coin deposits. You must go inside a branch and either use the Coin Deposit Machine (if available) or speak to a teller. ATMs only accept cash deposits in the form of bills.

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

Bank of America will not accept foreign coins. You will need to sort them out before you deposit. If you bring a mix to the teller, they will likely refuse the entire deposit or charge you a fee to hand-sort them.

How long does it take for coins to show up in my account after I deposit them?

Coins deposited at a teller or through the Coin Deposit Machine typically appear in your account when ready or within one business day. If you deposit coins after business hours or on a weekend, they will post on the next business day.

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

Bank of America does not set a per-transaction limit on coin deposits. However, deposits over $10,000 in a single day trigger federal reporting requirements. Very large coin deposits may also take longer to process because the bank must verify and count them.