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Bank of America customer receipt for LocalTill cash deposit

LocalTill is an anonymous merchant cash processing service based in the state of New York, that identifies deposits based on a unique code embedded in last digits of the deposit amount by adding a variable fee between 1% and 4%.

For example, a 500 USD deposit with a merchant may require the user to deposit 509.21 USD at a bank, whereby "9.21" is interpreted as a unique identifier for the deposit.

Localtill is used by Bitfloor in the USA, allowing users to make cash deposits (towards bitcoin purchases) at Bank of America branches using an "out of state deposit" slip. Deposits are usually credited within 30 minutes, as long as they are made before 5pm Eastern Time.


LocalTill does not request any data identifying the user who makes the deposit. Bank of America does not require identification when making cash deposits, but CCTV footage is likely recorded. The bank teller may ask for a phone number "for reference", which is in actuality not used.


LocalTill's fee serves as a deposit identified and is generated randomly when requesting the deposit. It is possible to get lower fees by repeatedly initiating deposit requests.