Mobile Check Deposit Bank Of America

4/10/20224/10/2022

Maybe you want to deposit checks too large for Bank of America’s mobile app deposit limits (where you deposit checks by taking a photo). You have a few options: Call Bank of America at 800-432-1000 and order some in the mail: time needed: days. How to deposit checks with our Mobile Banking app. Open the app, use your fingerprint to securely sign in Footnote 3 and select Deposit Checks. Sign the back of the check and write “for deposit only at Bank of America”. Take photos of the front and back of the check with your smartphone — just select the Front of Check and Back of Check. How can I deposit my paper check without visiting a Financial Center? Download our Mobile Banking app. In the app, you can deposit a paper check, using a photo image, and get confirmation immediately that your deposit has been received. Go to our ATM and Financial Center locator to find nearby ATMs that accept deposits.

If you bank at Bank of America, never make an ATM deposit there, especially if the money’s coming from another bank. Here’s why…

I’m a Bank of America account-holder, which is to say I’ve also been a Bank of America hostage.

For the last week, Bank of America has held a $2,080 deposit of mine — written by my business partner off her account with another bank — as “delayed.” For a week. For seven days, Bank of America customer service agents either wouldn’t or couldn’t explain why I could not access money that was properly deposited and is MY money.

Until last night.

After I raised a stink on social media (which is a #WiseStrategy you should read about here), a very professional BofA social media agent reached out. She explained to me that because I deposited the check via an ATM inside my neighborhood Bank of America branch and because the check was an unusual amount ($2,080? Not exactly a fortune) written from another bank’s account, it triggered a 7-day delay in making the funds available.

Well, that triggered me — not only because my own bank was holding my money hostage, but also because my bank may have violated federal law.

According to BankRate.com, federal regulations require that local funds deposited via an ATM must be made available no later than the second business day after the deposit, as long as the check was deposited on a banking day (mine was a non-holiday Monday), and the check was deposited in an ATM owned by the depositor’s bank (it was). Non-local checks can be held for five business days, but not a day longer.

As if she were doing me a favor, the BofA social media agent proudly announced she would release my funds to me, even though BofA sent me a notice that it intended to delay the deposit as long as eightbusiness days — again, in violation of federal regulations according to BankRate.com.

Of course, I have neither the time nor the money to sue Bank of America. But I do have my blog and the bully pulpit of Wise Choices…and I will soon be taking my banking elsewhere.

Just so you know, here’s BankRate.com’s summary of federal regulations regarding the availability of deposited funds:

Banks must post or provide a notice at each ATM location that funds deposited in the ATM may not be available for immediate withdrawal.
If a bank makes funds from deposits at an ATM it doesn’t own available for withdrawal later than funds from deposits at an ATM it does own, it must provide a description of how the customer can tell the difference between the two ATMs.
If you deposit money in an ATM that isn’t owned by your bank, the funds must be available for withdrawal not later than the fifth business day following the banking day on which the funds are deposited.
Funds deposited at an ATM that is not on or within 50 feet of the premises of the bank are considered deposited on the day funds are removed from the ATM, if funds are not normally removed from the ATM more than two times each week.
A bank that operates an off-premises ATM from which deposits are not removed more than two times each week must disclose at or on the ATM the days on which deposits made at the ATM will be considered received.
Funds deposited at a staffed facility, ATM or contractual branch are considered deposited when they are received at the staffed facility, ATM or contractual branch.

Stimulus Check Mobile Deposit Bank Of America

1To send or receive money with a small business, a consumer must be enrolled with Zelle with a linked domestic deposit account at a U.S. financial institution that offers Zelle. Small businesses are not able to enroll in the Zelle app, and cannot send or receive payments from consumers enrolled in the Zelle app.↩

2Zelle should only be used to send money to friends, family or others you trust. We recommend that you do not use Zelle to send money to those you do not know. Transfers require enrollment in the service and must be made from an eligible Bank of America consumer or business deposit account to a domestic bank account or consumer debit card. Recipients have 14 days to enroll to receive money or the transfer will be canceled. Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle. We will send you an email alert with transaction details after you send money using Zelle. Dollar and frequency limits apply. See the Online Banking Service Agreement at bankofamerica.com/serviceagreement for further details. Data connection required. Message and data rates may apply. Neither Bank of America nor Zelle offers a protection program for any authorized payments made with Zelle. Regular account fees apply. Payments made between consumers enrolled with Zelle do not typically incur transaction fees.↩

Mobile Check Deposit Bank Of America

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC, and are used herein under license.

How To Make A Mobile Deposit

3Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply.↩

4To receive money from a small business, a vendor must be enrolled with Zelle with a linked domestic deposit account at a U.S. financial institution that offers Zelle.↩

Cancel Mobile Check Deposit Bank Of America

Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation.