Bank of America does not operate coin machines for customers
Bank of America stopped maintaining coin-counting machines in its branches years ago and does not currently offer this service to customers. If you need to deposit coins, you have several other options: deposit them in person at a teller window during business hours, use a coin-counting machine at a grocery store or retail location, or exchange them for bills at your bank and deposit the cash.
The teller option works if you have a Bank of America account and can visit a branch. Bring your coins in any container—a bag, jar, or roll. The teller will count them, credit your account, and give you a receipt. There is no fee for this service at Bank of America, though some banks charge for manual coin counting. Call your local branch ahead of time to confirm they can handle the volume you have, since some branches may ask you to sort or roll coins first if the amount is very large.
Key Takeaways
- Bank of America branches do not have coin machines, but tellers will count and deposit coins for free during regular business hours.
- Grocery stores, pharmacies, and some retail chains operate coin machines that accept loose coins and dispense cash or vouchers.
- Coin-counting machines at retail locations typically charge a fee of 8 to 10 percent of the total value, though some waive the fee if you spend the voucher in-store.
- Rolling coins yourself and depositing them as cash is free but takes time if you have a large amount.
- Some credit unions and smaller regional banks still offer coin-counting services; calling ahead saves a wasted trip.
Depositing coins at a Bank of America teller window
Walk into any Bank of America branch during business hours with your coins and a valid ID. You do not need an appointment. Tell the teller you want to deposit coins into your account. They will count the coins in front of you, enter the amount into the system, and the money will post to your account immediately or within one business day, depending on the branch's processing schedule.
Bring coins in whatever container holds them—a plastic bag, jar, or coin purse. You do not have to sort or roll them unless the teller asks. If you have more than a few dollars in coins, calling the branch first is smart; some locations ask customers with large amounts to roll coins in paper sleeves (available free at the branch) to speed up the process. The teller will not charge you a fee for this service.
If you do not have a Bank of America account, you cannot deposit coins at the teller window. You would need to open an account first or use a retail coin machine instead.
Retail coin machines and where to find them
Grocery stores, pharmacies, and big-box retailers operate coin-counting machines in their lobbies or customer service areas. Coinstar is the largest operator; its machines are in Safeway, Kroger, Whole Foods, CVS, Walgreens, and many other chains. You pour loose coins into the machine, it counts them, and you receive either cash or a voucher to spend in the store.
Most retail coin machines charge a fee of 8 to 10 percent of the total value. A $10 deposit costs 80 cents to $1 in fees. Some stores waive the fee if you take a voucher instead of cash—you can then spend the voucher immediately in that store or save it. Check the machine's screen before you start; it will display the fee rate before you commit your coins.
To find a Coinstar machine near you, visit the Coinstar website and enter your zip code. Other coin-machine operators exist but are less common; ask your local grocery store customer service desk if they have a machine on-site.
Rolling coins and depositing them as cash
If you want to avoid fees entirely, you can roll coins yourself in paper sleeves and deposit them as cash at any Bank of America branch. Coin rolls come free from most banks—ask at the teller window. A penny roll holds 50 coins, a nickel roll holds 40, a dime roll holds 50, and a quarter roll holds 40. Fill each sleeve, seal it, and bring them to the teller.
This method is free but takes time if you have a large volume of coins. Rolling $50 in quarters takes 10 to 15 minutes by hand. If you have hundreds of dollars in coins, the time cost may outweigh the fee you would pay at a retail machine.
Other banks and credit unions that still offer coin services
Many smaller regional banks and credit unions still maintain coin-counting machines or offer teller-based coin counting. If you belong to a credit union, call and ask whether they have a coin machine or will count coins at the window. Some credit unions offer this service free to members and charge a small fee to non-members.
Local community banks often provide coin-counting services as well. The service varies by institution, so a phone call to your branch is the fastest way to confirm. If you are considering switching banks partly for coin-counting convenience, ask about this during your research—it is a real service difference between institutions.
What to do if you have a very large amount of coins
If you have several hundred dollars or more in coins, the best approach depends on your time and the fees involved. Calculate whether a retail coin machine's 8 to 10 percent fee is worth the time you would spend rolling coins by hand. For $500 in coins, the fee would be $40 to $50; rolling that amount by hand could take an hour or more.
Another option is to ask your Bank of America branch if they can accommodate a large coin deposit and whether they prefer you to roll the coins first. Some branches have back-office equipment that can process large quantities faster than a teller can count by hand. A phone call to your branch manager can clarify what they can handle and whether advance notice helps.
Frequently Asked Questions
Can I deposit coins at a Bank of America ATM?
No. Bank of America ATMs accept only bills and checks, not coins. You must visit a teller window in person to deposit coins into your account.
Do I need to be a Bank of America customer to use their coin-counting service?
Yes. Only account holders can deposit coins at a teller window. If you do not have an account, you can use a retail coin machine or open an account first.
What happens if I deposit rolled coins and one roll is short?
The teller will count the coins in the roll and credit you for the actual amount, not the stated amount. If a roll is significantly short, the teller may ask you to verify the count. Bring your coins loose or in rolls you have counted yourself to avoid disputes.
Are there any fees for depositing coins at Bank of America?
No. Bank of America does not charge account holders a fee to deposit coins at the teller window, whether the coins are loose or rolled.
Can I exchange coins for bills without depositing them to an account?
Bank of America tellers will typically only exchange coins if you have an account and are depositing them. For a non-account holder, a retail coin machine or a local bank that offers currency exchange is a better option.