Jake Miller
Banks and credit unions are a common source of coin rolls, and in many cases, obtaining a small number of penny rolls is as simple as going to the teller's desk, requesting the rolls, and paying the equivalent amount in cash or withdrawing from your account. Some banks provide coin wrappers for free, while others charge a small fee. Some banks provide coin-counting services for free, while others charge a fee. While some banks accept rolled coins as deposits, others require loose coins.
| Characteristics | Values |
|---|---|
| Are penny rolls free at banks? | It depends on the bank. Some banks provide coin wrappers for free, while others charge a fee. |
| How to get free penny rolls? | Ask the local corner store or restaurant to save some for you. |
| Are there alternatives to penny rolls? | Yes, you can use a sheet of paper cut in half or plastic rollers. |
| Do banks accept rolled coins? | Yes, many banks accept rolled coins as a deposit. |
| Do banks provide coin-counting services? | Yes, some banks offer free coin-counting services, while others charge a fee. |
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What You'll Learn
Banks that offer free coin rolls
While most national banks don't have coin-counting machines, they will allow you to deposit rolled coins into an account. Some banks also provide coin rolls for free upon request. However, it's worth noting that this may vary between different branches of the same bank. Here are some banks that have been known to offer free coin rolls:
CIBC
CIBC has been known to provide free coin rolls upon request. However, it may not be standard practice across all branches, as tellers have been observed taking a few minutes to locate them.
TD
TD Bank, particularly those located in areas with many small businesses, commonly provide coin rolls. They usually have clear or colour-coded tube wrappers, which are easy to use. Former employees have confirmed that TD branches give away coin rolls for free.
Wells Fargo
Wells Fargo is another bank that has been mentioned in relation to free coin rolls. While specific details are unavailable, it is known for exchanging rolled coins for cash, even without an account.
In addition to banks, some sources suggest that dollar stores or local corner stores and restaurants may also provide coin rolls for free or at a low cost. Additionally, you can roll coins yourself using regular paper cut to the appropriate size.
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Coin rolls from dollar stores
It seems that some banks provide coin rolls for free, while others charge a small fee. One user on Reddit mentioned that their bank gives them coin rolls at no cost, while another user stated that they had to split the cost of coin rolls with their mother. Additionally, a former bank employee shared that they used to give out coin roll papers that were not tube-shaped and had to be manually rolled, possibly as a way to discourage people from asking due to their inconvenience.
If you're looking for coin rolls from dollar stores, there are a few options available. One Reddit user suggested checking Dollar Tree, where you can find bags of 36 coin rolls. Another user recommended the plastic rollers from Dollarama, acknowledging that while they do cost a small amount, it's not a significant expense. Similarly, Dollar General offers OfficeHub Coin Wrappers in assorted sizes, providing 36 wrappers per pack.
Alternatively, some people opt for do-it-yourself methods. Some individuals cut an 8.5" x 11" sheet of paper in half and roll their coins, while others save and reuse coin wrappers they receive as change or from working as a cashier. These options may be more time-consuming but can be more cost-effective, especially when dealing with large quantities of coins.
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Banks that accept rolled coins
Banks typically accept rolled coins from customers, but some may charge a fee for the service. Some banks, such as Wells Fargo, will exchange rolled coins for customers without an account and without a fee. Wells Fargo also offers free coin wrappers. Chase Bank has a generous policy for non-customers, allowing them to exchange up to $200 in coins as long as they are in wrappers.
PNC, M&T, and Capital One also accept rolled coins without a fee. Hyperion Bank in Philadelphia has a coin-counting machine that is free for customers and charges a 5% fee for non-customers. Customers of JBT and Manasquan Bank also have free use of coin-counting machines.
Some banks provide coin wrappers for free, but if not, they can be purchased cheaply at dollar stores or online.
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Banks that offer free coin-counting services
Some banks that offer free coin-counting services include:
- Chase Bank: They offer coin-counting services for customers, but they may require the coins to be rolled. They have Coinstar kiosks that allow you to cash your coins for free without paying any fees.
- People's Bank: People's Bank, now M&T, used to have coin counters in some of their branches. While it is not confirmed if this service is still available, it was previously free for anyone to use.
- Thomaston Savings Bank: This bank has been mentioned by multiple sources as offering free coin-counting services.
- Credit Union of Colorado: Members can use coin-counting machines to convert coins into notes without a fee. Non-members can also access this service for a small fee.
- CIBC: A user on RedFlagDeals mentioned that CIBC gave them free coin rolls when they asked.
- TD: A user on the same forum also mentioned that the TD they worked at provided coin rolls.
It is always a good idea to call your local bank branch to confirm the availability of coin-counting machines and whether they offer this service for free.
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Alternatives to coin rolls
Coin wrappers, also known as bank rolls, are paper or plastic containers designed to hold a specific number of coins. While some banks provide coin wrappers for free, others charge for them or only accept unrolled coins.
Using a Coin-Sorting Machine
Coin-sorting machines can be purchased or found at local banks or supermarkets. These machines can help you quickly sort and count your coins, making it easier to deposit them or exchange them for cash.
Using Paper and Tape
If you don't have access to coin wrappers, you can create your own by using paper and tape. Cut an 8.5" x 11" sheet of paper in half and roll it up to form a cylinder. Secure the ends with tape or glue. This method may be more time-consuming but can be a low-cost alternative.
Using Plastic Containers
Small plastic containers or bags can be used to store and transport coins. While this method may not be as compact as coin rolls, it can be a simple way to gather and deposit coins without the need for wrappers.
Exchanging with Retail Stores
Some retail stores, such as dollar stores or restaurants, may be willing to exchange coins for goods or services. This option can be convenient if you have a large amount of change and would like to avoid the hassle of rolling coins.
Using Coin Counting Machines
Certain banks or grocery stores have coin counting machines that can count and verify the value of your coins. These machines may charge a small fee, but they offer a quick and convenient way to determine the amount of your coins without having to roll them manually.
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Frequently asked questions
It depends on the bank. Some banks provide coin wrappers for free, while others charge a small fee.
To get free penny rolls from the bank, simply visit the bank teller and request the desired number of penny rolls. You can pay for them in cash or have the amount debited from your account.
Some banks that offer free penny rolls include TD, CIBC, PNC Bank, and Wells Fargo.
If your bank doesn't offer free penny rolls, you can purchase coin wrappers from dollar stores, online, or from local corner stores or restaurants. Alternatively, you can use a sheet of paper cut to size and roll the coins yourself.
