Greater bulldog bats roost in caves, rocky crevices, or hollow trees, and only occasionally in human habitations. Large roosts of hundreds of bats have been reported. They may also roost in smaller groups of up to 30 individuals and forage at night in groups of 5 to 15 animals.
Their fishing behavior is of particular interest. They generally feed at dusk and at night, but have been seen in the late afternoon near pelicans, presumably catching small fish disturbed by the pelicans.
Noctilio leporinus fishes over ponds, rivers, and at the edge of ocean surf. Small groups of these bats fly within 20 to 50 cm of the water surface using echolocation to detect fish, by zig-zagging over the water and chirping. This is termed high search flight. When a bat detects a disturbance in the water that may indicate the presence of small fish, it descends to the water surface. In this low search flight, the bat's body is parallel to the water only 4 to 10 cm above it.
The bat then rakes its enormous taloned feet, like two grappling hooks, through the water, trying to gaff fish. If able to impale an unsuspecting victim, the bat raises the fish to its mouth and chews it while still flying. The partially masticated fish is then stored in the cheek pouches. This allows the bat to continue fishing, increasing its foraging efficiency. Alternatively, the hunter may transfer the fish to the uropatagium and take it to a perch to consume it.
These bats catch fish up to 100 mm in length from depths as great as 25 mm below the water surface.
Another behavior to note is that greater bulldog bats have been seen to make very long rakes in areas where they have hunted successfully before. Bats do this even though there is no water surface disturbance at the time. Researchers suggest this is a memory-directed rake, simply dragging a previously productive area.
Noctilio leporinus also adjusts the frequency of its echolocation call to enhance communication. When two noctilionids are on a collision course, one bat "honks" at the other. This allowd them to veer away, and prevents a collision. The honk is produced by dropping the frequency sweep of the echolocation call an extra octave.
Fish-eating, or piscivory, in bats is thought to have evolved from catching floating or swimming insects off the water. Noctilio albiventris, a closely related species, is primarily insectivorous, and has been found to employ echolocation to capture insects from the water surface. Noctillio albiventris also possesses cheek pouches. Further, the dentition of insectivorous bats is already designed to chop through insects with hard, chitinous exoskeletons. There is only a slight modification in the dentition of piscivorous bats to allow them to chew through fibrous flesh, as well as cut through bone.