Explore all you need before you do check cashing at the Bank of America outlet or ATM near you.
If you are looking for the policy or requirements for cashing a check at the Bank, you will find this article to be highly invaluable. I will also examine the fees and limits of the checks cashed here.
Does Bank of America Cash Checks?
Yes, the Bank of America cashes checks. However, there are certain types of checks that are not allowed.
For instance, if you do not have their account, you will most probably not be able to cash your check.
I have said, most probably, meaning that in some branches you may be allowed to cash your check, regardless of whether you have an account or not.
However, to prevent such cases, individuals are advised to inquire first about the Bank’s branch that is near them to be able to avoid having their checks rejected.
Bank of America Check Cashing Requirements, Policy & Limits
Just like any other financial institution, Bank of America has its requirements, policies, and limits.
These are specifically meant to streamline the operations and ensure that people receive quality banking services.
The following sections show the requirements and limits at Bank of America.
Requirements for cashing a check at Bank of America
When you have an account at the Bank of America, you stand a good chance of cashing your checks at any of their branches.
However, additional requirements besides the account include:
- A state-issued identification card,
- A valid state given passport,
- A military card, and
- A printed and signed check
Check cashing limits at Bank of America
The limits are usually meant for cash and security management purposes to allow the banks to carry enough cash to service day-to-day services.
The maximum amount of money you can cash at the Bank of America varies, depending on the type of check.
For instance, a personal check should not exceed $25 a day, while a payroll check should never exceed $57 a day.
You should visit the nearest branches to know the limits of their checks.
This information will be important and shall assist the clients to avoid wasting time moving from one bank branch to another in search of the bank that can cash all their checks.
Check Cashing Fee at Bank of America
Individuals with an account at the Bank of America, usually pay an $8 fee for the checks.
However, the fee is only applicable if the checks are $50 or more and matches an $8 fee that is already applicable to non-nonclients.
Individuals are therefore advised to evade this fee by registering and opening an account with the Bank of America.
You should not ignore the advice if you are a non-customer, open an account with the Bank of America, it is free and you will never pay the fee!
Cashing a Large Check at Bank of America
Several institutions do not allow cashing of large checks since they hinder the normal operations of the bank on that day.
Some clients can sometimes come with checks that are twice the amount of the bank’s budget for that day.
This simply means that if the cashiers go ahead to serve the client, all the other probable clients for that day shall never be served.
Large checks that are cashable at the Bank of America: those that are only issued by the Bank of America and printed with magnetic ink.
That means that home-printed checks are never accepted at this company.
Large checks acceptable at the Bank of America include
- Cashier’s checks,
- Payroll checks,
- Tax refund checks, and
- Government checks
How to Deposit a Check at Bank of America – ATM & OTC
The process of cashing checks at the Bank of America is quite simple:
- Just make sure you have your valid ID or passport and the printed check
- Visit any nearest Bank of America ATM or OTC to receive cashing services.
- At the ATM, you will be required to enter a secret code of your check and password to be able to cash your check. Sometimes, the banks allow for fingerprints, just to make sure that those cashing the checks are the real owner of the check.
- At the OTC, you will produce your legal documents listed above and present them to the cashier. The cashier will then guide you until you have received your cash.
Bank of America check to cash policy for non-account holders
For the non-account holders, they shall pay an $8 fee for their checks (totaling a maximum of 50 dollars).
However, it is good to know that in some branches, these charges may not be applicable, and therefore, one should just confirm with the bank’s customer care service.
FAQs on Bank of America Check Cashing
Amongst the frequently asked questions, these two questions are the most asked:
Can I cash a personal check at Bank of America?
Well, not all Bank of America branches accept personal checks, but for the few that accept them, the services are quick and accurate at this bank.
In fact, within 3 minutes, you shall be done with your transactions.
Those who have used this bank in cashing personal checks can attest that indeed some branches do cash personal checks and others don’t offer such services.
Can you cash a check at the Bank of America ATM?
This is a commonly asked question across several social media platforms and the answer is yes, you can cash a check at the bank of America.
However, for you to cash a check at the America ATM, you are expected to produce all the requirements plus a security code.
These details are important as they will assist in processing your transaction, in case the ATM malfunctions.