Megan Brooks
Banks and credit unions are among the most common options for exchanging coins for cash. Most banks accept rolled coins for cash exchange, though some may charge a fee for the service. Some banks, such as Wells Fargo, will exchange rolled coins for customers without a fee and also provide free coin wrappers. Large banks typically require pre-rolled coins, while some smaller institutions and credit unions provide self-service counting machines. Non-account holders may incur fees, but these are usually lower than those charged by independent kiosks.
| Characteristics | Values |
|---|---|
| Banks that exchange rolled coins for cash | Wells Fargo, Chase, Bank of America, Capital One, Citibank, PNC, Citizens Bank |
| Banks that provide coin wrappers | Wells Fargo, Chase, Bank of America, Capital One, most local banks |
| Banks with coin-counting machines | Hyperion Bank, JBT, Manasquan Bank, Mission Federal Credit Union, some local banks and credit unions |
| Coin-counting machines that charge fees | Coinstar, privately owned coin-counting machines |
| Fee-free coin-counting options | Some credit unions and local community banks, Coinstar (if exchanging for gift cards or charity donations) |
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What You'll Learn
Banks that offer free coin exchange services
Banks remain a good place to exchange rolled coins for cash. Most banks provide coin exchange services, but some may charge a fee for the service. Some banks may also require you to roll the coins before accepting them.
Wells Fargo
Wells Fargo offers free coin exchange services to its customers. It also offers free coin wrappers.
Bank of America
Bank of America does not charge a fee for customers to cash in their own coins. However, the bank requires customers to submit coins via coin rolls when cashing them in.
US Bank
US Bank allows customers to submit coins free of charge without having to put them into paper rolls.
TD Bank
TD Bank offers free coin exchange services.
Chase
Chase offers free coin exchange services to its customers. It also has a rather generous policy for non-customers, who can exchange up to $200 in coins as long as they are in coin wrappers.
Citizens Bank
Citizens Bank accepts loose change in amounts below $20 and rolled coins amounting to $20 or more. It gives customers the choice between depositing the coins and exchanging them for cash.
PNC Bank
PNC Bank accepts rolled coins for deposit into PNC accounts.
Credit unions
Some credit unions also offer free coin exchange services for customers, and some even for non-customers. For example, American Eagle Federal Credit Union offers free coin exchanges for all consumers.
Local community banks
Some local community banks, such as JBT and Manasquan Bank, offer free coin-counting machines for customers.
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Coin-counting machines
Credit unions and smaller banks often have in-branch coin counters that are free for customers to use, while non-customers may be charged a fee. For example, Hyperion Bank in Philadelphia has a coin-counting machine that is free for customers and charges a 5% fee for non-customers.
Privately owned coin-counting machines, such as Coinstar, can also be found at grocery stores and other retailers. These machines typically charge a fee, which can be as high as 12.9% of the transaction amount. However, some retailers may provide their own coin-cashing services without a fee, such as exchanging coins for gift cards or store credit.
Before visiting a bank or retailer to use a coin-counting machine, it is recommended to call ahead and confirm the availability of the service and any associated fees. Additionally, some banks may require coins to be rolled before they can be accepted, so sorting and counting your coins beforehand can save time and effort.
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Retailers that offer coin-cashing services
Several retailers offer coin-cashing services, including:
- Coinstar kiosks are available in the US and worldwide. They offer coin-to-cash exchanges, but they charge a processing fee of up to 12.9% and $0.99 per transaction. However, you can avoid the fee by opting for an e-gift card to one of over 20 retailers, including Apple, Starbucks, and DoorDash, or by donating your coins to charity.
- Publix, a Florida-based grocery chain, has its own coin-cashing machines. Fees are typically around 10% of the transaction.
- QuikTrip gas stations across 11 states offer free coin-counting and exchange services at some of their 800 locations.
- Grocery stores and other retailers may have privately owned coin-counting machines, but these typically charge a fee, which can be as high as 12.9% of the transaction amount.
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Coin wrappers
You can buy coin wrappers online from retailers like Amazon and Walmart. They are also sometimes provided for free by banks, such as Wells Fargo.
If you don't want to roll your coins, you can use a coin-counting machine. These machines are often available at credit unions and smaller banks for their customers to use for free. Non-customers may be charged a fee.
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Fees for exchanging coins
Banks
Most banks accept coins for cash exchange, but services vary by institution. Large banks typically require pre-rolled coins, while some smaller institutions and credit unions provide self-service counting machines. Account holders at many banks can exchange coins without charges. However, non-account holders may incur fees.
Coinstar
Coinstar operates approximately 20,000 self-service kiosks worldwide. These machines provide immediate counting and exchange services but charge significant fees—up to 12.9% plus a $0.99 transaction fee. The machine counts your change and offers you cash, gift cards, or the option to add to your Amazon balance or donate to charity. Coinstar may waive the fee if you exchange your coins for an e-gift card.
Retailers
Some retailers, like the Florida-based grocery chain Publix, have their own coin-counting machines. Fees could be around 10% of the transaction, but this varies by location.
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Frequently asked questions
Yes, most banks exchange rolled coins for cash. However, some banks may charge a fee for this service.
Banks such as Wells Fargo, Citizens Bank, PNC, and Chase exchange rolled coins for cash for free for account holders.
Alternatives to exchanging rolled coins at a bank include using a coin-counting machine at a credit union or retailer, or using a Coinstar kiosk. However, these alternatives may charge a fee of up to 12.9% of the transaction amount.
