Bank Of America Drive Through Hours (2024)

FAQs

Why is Bank of America getting rid of drive-thru? ›

Bank of America Corp. says it is phasing out some of its drive-through teller services in Massachusetts and elsewhere across the country because of declining traffic.

FAQ: Bank of America

The max you can withdraw from a Bank of America ATM in a single transaction is $1,000. To take out $5,000, you'll need to contact Bank of America beforehand to see if there's a way to withdraw that amount in one transaction or you'll need to make separate transactions.

If an ATM takes your cash or check and doesn't deposit it, stay calm and contact your bank immediately. Note the time and location of the incident, take a photo of any error messages, and report the incident to a bank employee.

(800) 432-1000

Bank of America / Customer service

One obvious culprit for the closures is the rise of online banking. Clients are increasingly becoming more inclined to use online platforms, with 78% of adults in the country expressing that they prefer to make their transactions using the financial institution's website or a mobile application.

Protesters gather outside Bank of America Headquarters while climate resolutions seeking more disclosure on BOA lobbying and rates of fossil to clean financing receive strong shareholder support.

The Limit You Need To Worry About Is $10,000

“$5,000 is okay, but if you withdraw more than $10,000, the transaction will be reported to the IRS and at least one other government agency,” Bakke said.

Withdrawal limits are set by the banks themselves and differ across institutions. That said, cash withdrawals are subject to the same reporting limits as all transactions. If you withdraw $10,000 or more, federal law requires the bank to report it to the IRS in an effort to prevent money laundering and tax evasion.

The amount of cash you can withdraw from a bank in a single day will depend on the bank's cash withdrawal policy. Your bank may allow you to withdraw $5,000, $10,000 or even $20,000 in cash per day. Or your daily cash withdrawal limits may be well below these amounts.

Examples of ATM withdrawal limits

ATM withdrawal limits vary by bank and the ATM network. Bank of America, for example, advertises a $1,000 maximum daily withdrawal limit, or a maximum of 60 bills, for most accounts. Allpoint ATMs, on the other hand, don't impose a specific withdrawal limit per day.

Do ATMs ever miscount? ›

These are some issues that may occur: Deposit counted incorrectly: This occurs when, say, you deposit $400 in cash but the ATM only registers $300. Check read wrong: The ATM's optical character recognition may not read your check correctly, and you may mistakenly authorize the wrong amount for a deposit.

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 can contact Bank of America directly by calling 1 (800) 432-1000 or the number on the back of your card. You can also schedule an appointment or log in online, access the Help & Support menu, and select Contact us.

Maximum Money that Can Be Withdrawn at a Bank of America ATM

If you have never changed the limit, it will still be set to the default amount for your account type. For a Bank of America checking account, the default ATM withdrawal limit is $ 1,000 per day. Other account types have different limits.

BofA branches in Hayward, Los Altos, Pinole and St. Helena, among others, have also already closed. “Financial center closures are driven by changing banking behaviors and where we have multiple financial centers close together,” a BofA spokesperson told KRON4.

CFPB Takes Action Against Bank of America for Illegally Charging Junk Fees, Withholding Credit Card Rewards, and Opening Fake Accounts | Consumer Financial Protection Bureau.

Overall, Bank of America appears to be in a relatively healthy financial position and is not currently in imminent danger of collapse. However, as with any financial institution, there are always risks involved, and customers and investors should always monitor the bank's financial health and risk profile.

Companies Considered Too Big to Fail

Bank of America Corp. The Bank of New York Mellon Corp. Citigroup Inc. The Goldman Sachs Group Inc.