How much can i deposit on bank of america mobile app

Limitations on Deposit Amounts

The maximum amount that you can deposit on the Bank of America mobile app varies depending on several factors, including your account type and your location. In general, the maximum deposit amount is $10,000 per day. However, some accounts may have a higher limit, while others may have a lower limit.

To find out the exact limit for your account, you can log into your Bank of America mobile app and navigate to the Deposit section. From there, you can see the maximum amount that you are allowed to deposit per day. If you need to deposit more than this amount, you may need to visit a branch or use another method of payment.

Tips for Making the Most of Your Deposits

While there may be limits on how much you can deposit on the Bank of America mobile app, there are several tips that you can follow to make the most of your deposits. Here are a few:

1. Plan ahead: If you know that you need to make a large deposit, it’s important to plan ahead. This means knowing the maximum amount that you are allowed to deposit per day and making sure that you have enough cash on hand to meet this limit. You may also want to consider using other methods of payment if you need to deposit more than the daily limit.
2. Take advantage of ATM deposits: Bank of America allows you to make deposits at an ATM in addition to using the mobile app. This means that you can deposit cash into your account even if you have reached the daily limit on the mobile app. However, keep in mind that ATM fees may apply, so it’s important to check with your bank before making a deposit at an ATM.
3. Use other payment methods: If you need to make a large deposit and have reached the daily limit on the mobile app, you may want to consider using other payment methods such as wire transfers or checks. These methods may have higher limits than the mobile app, but they may also come with additional fees.
4. Consider opening a high-yield savings account: If you are making regular deposits into your Bank of America mobile app, you may want to consider opening a high-yield savings account. High-yield savings accounts offer higher interest rates than traditional savings accounts, which means that you can earn more money on your deposits. However, keep in mind that there may be limits on how much you can deposit into a high-yield savings account per year.

Summary

In conclusion, the maximum amount that you can deposit on the Bank of America mobile app varies depending on several factors. To find out the exact limit for your account, you can log into the mobile app and navigate to the Deposit section. If you need to make a large deposit and have reached the daily limit on the mobile app, you may want to consider using other payment methods such as wire transfers or checks, or opening a high-yield savings account. By following these tips, you can make the most of your deposits and keep your finances in order.