Bofa Deposit Atm Near Me (2024)

FAQs

Does Bank of America do ATM deposits? ›

What transactions can I complete at Bank of America ATMs? You can get cash, deposit cash and checks, make transfers between accounts, check account balances and make a payment to your Bank of America credit card.

These banks and credit unions don't let you deposit cash at any ATM: Bank of America: Deposits can only be made at Bank of America-branded ATMs. Withdrawals, transfers and balance inquiries can be made from other ATMs, though a $2.50 fee from BofA will apply, likely in addition to an ATM-owner surcharge.

Add your debit card to your Digital Wallet and get cash or make deposits using your phone. Just select your debit card in your Digital Wallet and hold your phone over the Contactless Symbol at any Bank of America ATM.

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If you're wondering if you can deposit cash at an ATM, the answer is yes, you can, but not all ATMs accept cash. The details, including fees, vary depending on your bank, and if you use a bank that operates only online, you may not be able to deposit any cash at all.

Bank of America, Wells Fargo, and Chase have each adopted such restrictions on cash deposits in an attempt to curb attempts at fraud and money laundering. This Bankrate article highlights alternative ways to deposit money into someone else's account.

You can deposit a check of any amount in an ATM. When the money will become available is going to depend on when the bank runs it through the system and releases the funds.

Please be aware we don't accept deposits at non-U.S. Bank ATMs.

Possible reasons could be improperly following prompts on the screen, inserting the cash incorrectly, or attempting to deposit some money with an out-of-network ATM.

Can you deposit cash at an ATM that isn't your bank? Most banks don't allow you to deposit cash at an ATM that's out-of-network. The banks that do accept cash deposits through out-of-network ATMs often charge an extra fee — and, typically, require longer processing periods.

How much does Bank of America charge for ATMs? ›

As a Bank of America account holder, you don't incur fees for withdrawals, transfers or balance inquiries at ATMs displaying the Bank of America name and logo. (Cash advance fees may apply to credit card accounts; please see your credit card agreement for details.)

Banks must report cash deposits of more than $10,000 to the federal government. The deposit-reporting requirement is designed to combat money laundering and terrorism. Companies and other businesses generally must file an IRS Form 8300 for bank deposits exceeding $10,000.

You'll need to provide the recipient's name and bank account number. However, whether or not you're able to deposit cash into another person's account will depend on the bank. Some large banks — including JPMorgan Chase, Bank of America, and Wells Fargo — have banned cash deposits from non-customers.

When Does a Bank Have to Report Your Deposit? Banks report individuals who deposit $10,000 or more in cash. The IRS typically shares suspicious deposit or withdrawal activity with local and state authorities, Castaneda says.

You'll need to provide the recipient's name and bank account number. However, whether or not you're able to deposit cash into another person's account will depend on the bank. Some large banks — including JPMorgan Chase, Bank of America, and Wells Fargo — have banned cash deposits from non-customers.

Deposits made to a Bank of America account are not available for immediate withdrawal. Unless a hold is placed, deposits on a business day before cutoff time will be processed that night and are generally available the next business day. To learn more about holds and how to avoid holds, visit the Deposit Holds FAQs.

Please be aware we don't accept deposits at non-U.S. Bank ATMs. The first $225 of checks and all cash are available immediately.