Bank of America (BofA) Branches Near Me in Punta Gorda, Florida: Locations, Hours, and Online Map (2025)

FAQs

Can I withdraw $5000 from Bank of America? ›

Bank of America: The maximum daily withdrawal amount using an ATM is $1,000 and cannot exceed 60 bills in one transaction.

Bank of America Corporation affiliates include all entities that utilize the Bank of America, Banc of America, Bank of America Private Bank, U.S. Trust, Merrill and BofA Securities brand names.

BofA Securities, Inc., previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America.

On Saturdays, branch hours usually follow a schedule of 9 a.m. to 2 p.m., with some closing later at 4 p.m. However, some branches are closed on Saturday.

Under the Bank Secrecy Act (BSA), you are limited to $10,000 of cash withdrawals from your bank account per day. And if you want to withdraw more than that $10,000 daily cash limit, the bank will report your transaction to the federal government.

The government has no regulations on the amount of money you can legally keep in your house or even the amount of money you can legally own overall. Just, the problem with keeping so much money in one place (likely in the form of cash) — it's very vulnerable to being lost.

Like any publicly traded company, Bank of America is owned by its shareholders. The Charlotte, North Carolina-based financial institution is the second-largest bank in the U.S., with roughly $2.45 trillion in assets at the end of 2023, second only to JPMorgan Chase (JPM -1.21%).

The bank has implemented several measures to mitigate various risks, and its regulatory compliance program is robust. While there are always risks involved in the banking industry, Bank of America does not appear to be in imminent danger of collapse.

Current Status: Up

Here's the apdex score for Bank of America. Good! Note : The above data is collected from Site24x7 website monitoring and may differ from crowd sourced down reports.

You must deposit at least $100 to open an Advantage Savings account. While there's an $8 monthly maintenance fee, the bank automatically waives it for six months.

What is the limit to cash a check at Bank of America? ›

There is no limit of a check that can be cashed. however the bank may not have that physical amount of cash on hand so they would have to order it and you pick it up in a couple days. They may also want to verify if the check is valid since it's just a personal check handwritten which could take a day or so.

Still, you may have to pay for the privilege because you're not a customer. Here are some examples: If you don't have an account, Bank of America will charge an $8 fee to cash its own checks. Wells Fargo charges $7.50. At Citibank there is no charge for checks under $5,000.

Your account may allow you to withdraw more than your ATM limit inside a branch, by either using your debit card or writing a check made out to "Cash." Ask a teller to help you. Just be aware there may be limits on how much you can take out with a check, or how many checks you can write for cash in a day.

Since Bank of America does not have a set withdrawal limit at the counter, it may be possible to withdraw the entirety of your account balance. However, in order to close your account, you'll need to make an appointment with a banking specialist.

The Bank of America daily ATM limit for a checking or savings account is usually $1,000 per account. This can vary depending on a number of factors, including the type of account or card you have and the amount the ATM is able to dispense.

Your bank will need to file a CTR

This law requires U.S. financial institutions to assist in detecting and stopping money laundering. One of the requirements is that financial institutions report cash transactions exceeding $10,000 in a day. To do that, a bank files a Currency Transaction Report (CTR).