It is very important to know the ATM deposit Limit of Bank of America. If you are a bank of America customer, then you are at the right place. In this article, I have discussed its ATM deposit limit and certain charges applied.
Bank of America ATMs are not only widespread across the United States; they are also very functional. The over 16,000 ATMs can do more than just withdrawals, you can also deposit cash and checks.
With more functionalities comes more limits. While there are some deposit limits for withdrawals already, you should expect some fresh limits if you’ll use ATMs to add money to your account.
If you’ll like to know what Bank of America deposit limits looks like, we’ve got you covered. In this detailed explainer, you’ll learn everything you’ll ever need to know about ATM deposit limits at Bank of America ATMs.
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Key Takeaways
- There is no dollar amount limit on ATM deposits. However, there may be a limit on the number of bills you can deposit in a single transaction. This limit is typically set by the ATM machine itself.
- The ATM deposit limit for Bank of America ATMs can vary depending on the machine. However, it’s typically around 20 bills per transaction.
- If you try to deposit more than the ATM limit, the machine will reject the transaction.
Factors that can affect Bank of America ATM Deposit Limit
- The type of ATM: The ATM deposit limit may vary depending on the type of ATM you are using. For example, a Bank of America ATM may have a higher deposit limit than a third-party ATM.
- The number of bills: The ATM deposit limit is typically based on the number of bills you are depositing. For example, you may be able to deposit up to 20 bills per transaction.
- The denomination of the bills: The ATM deposit limit may also be based on the denomination of the bills you are depositing. For example, you may be able to deposit more $20 bills than $100 bills.
- Your account type: The ATM deposit limit may also be based on your account type. For example, you may have a higher deposit limit if you have a premium account.
- Your banking history: Your banking history may also affect the ATM deposit limit. For example, if you have a history of making large deposits, you may be able to have a higher deposit limit.
It is important to note that Bank of America may change the ATM deposit limit at any time. Therefore, it is always best to check with Bank of America for the latest information.
Bank of America ATM Deposit Alternatives
- Deposit at a Bank of America branch: This is the most common way to deposit cash into a Bank of America account. You can simply walk into any Bank of America branch and speak to a teller.
- Deposit via mobile app: Bank of America’s mobile app allows you to deposit cash using your smartphone. Simply open the app, select “Deposit Cash,” and follow the instructions.
- Deposit via mail: You can also deposit cash by mail. Simply send the cash to Bank of America’s address, along with a deposit slip.
- Deposit at a third-party ATM: Some third-party ATMs allow you to deposit cash into Bank of America accounts. However, you may be charged a fee for this service.
- Deposit at a participating retailer: Some retailers, such as Walmart and CVS, allow you to deposit cash into Bank of America accounts. This is a convenient option, but you may be charged a fee.
It is important to note that the availability of these alternatives may vary depending on your location. It is always best to check with Bank of America for the latest information.
Conclusion
Bank of America ATM deposit limit varies depending on the type of ATM, the number of bills, the denomination of the bills, your account type, and your banking history. There is no dollar amount limit on ATM deposits.
If you need to deposit more than the ATM limit, you can use one of the Bank of America ATM deposit alternatives, such as depositing at a Bank of America branch, depositing via mobile app, depositing via mail, depositing at a third-party ATM, or depositing at a participating retailer.
