Taylor Scott
Banks have different policies regarding coin exchange services. While some banks like Wells Fargo, JBT, and Manasquan Bank offer free coin wrappers, others like Chase and Capital One require pre-rolled coins. Some banks also provide coin-counting machines, while others require rolled coins. Account holders at many banks can exchange coins without charges, while non-account holders may incur fees.
| Characteristics | Values |
|---|---|
| Banks that offer free coin rolls | Wells Fargo, Bank of America, Chase, Capital One, JBT, Manasquan Bank, Hyperion Bank |
| Coin wrappers available for free | Most banks, credit unions |
| Coin-counting machines available for free | Credit unions, community banks, Mission Federal Credit Union, Hyperion Bank, JBT, Manasquan Bank |
| Coin-counting machines with fees | Coinstar, Publix, grocery stores, other retailers |
| Coin exchange services with fees | Coinstar, some credit unions |
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What You'll Learn
Banks that offer free coin wrappers
Banks typically provide coin wrappers for free, although some may charge a fee. Most banks offer free coin exchange services to account holders, although you may need to roll the coins yourself. Large banks usually require pre-rolled coins, while some smaller institutions and credit unions provide self-service counting machines.
Some banks, like Wells Fargo, will exchange rolled coins for customers without a fee and also offer free coin wrappers. Other banks that offer free coin wrappers include Bank of America, Chase, Capital One, Citibank, PNC Bank, and TD Bank. However, these banks no longer provide coin-counting machines to customers or non-customers.
Local community banks and credit unions are more likely to have free coin-counting machines for members. For example, customers of JBT and Manasquan Bank have free access to coin-counting machines. Credit unions, such as Mission Fed Credit Union, also provide coin-counting machines at most branches, but service fees may apply for non-account holders.
It is always a good idea to call your nearest bank branch to inquire about their specific policies and availability of coin-counting machines.
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Banks that offer free coin-counting machines
Most banks offer free coin exchange services to account holders, although some banks may charge non-customers a fee for coin-cashing services. However, major national banks no longer offer coin-counting machines, and some banks require pre-rolled coins. Some smaller institutions and credit unions provide self-service counting machines, and some banks provide free access to counting machines.
Credit unions or community banks are more likely to have free coin-counting machines for members. Local community banks such as JBT and Manasquan Bank, for example, have free use of coin-counting machines. Some credit unions, such as Mission Fed Credit Union, provide coin-counting machines at most branches. However, service fees may apply, particularly for non-account holders.
Some banks that offer free coin exchange services include Bank of America, Wells Fargo, U.S. Bank, Citibank, Capital One, Chase, Citizens Bank, PNC Bank, and TD Bank. Wells Fargo also offers free coin wrappers.
If you don't want to roll coins and take them to your bank, you can use coin-counting machines at grocery stores and other retailers for a fee. Coinstar machines are in many supermarkets, and Publix has its own machines. Target stores with Coinstar machines allow you to cash your coins for a fee (generally 11.9% or more).
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Banks that accept rolled coins for free
Most banks accept rolled coins from customers, but some may charge a fee for the service. Some banks that accept rolled coins for free include:
- Wells Fargo
- PNC Bank
- Bank of America
- Chase
- Citizens Bank
- Capital One
Some banks, like Bank of America, Chase, and Capital One, do not have coin-counting machines and require pre-rolled coins. Other banks, like Citizens Bank, give customers the option to deposit or exchange their rolled coins for cash.
In addition to banks, credit unions and community banks are more likely to have free coin-counting machines for members. Some credit unions that provide coin-counting machines include:
- Suncoast Credit Union
- Mission Fed Credit Union
Some community banks that provide free coin-counting machines include:
- JBT
- Manasquan Bank
- Hyperion Bank
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Banks that accept loose coins for free
Banks typically offer free coin exchange services to account holders, although the services depend on the bank. Most large banks require pre-rolled coins, while some smaller institutions and credit unions provide self-service counting machines.
PNC Bank, for example, accepts rolled coins for deposit into your PNC account. Citizens Bank accepts loose change in amounts below $20 and rolled coins amounting to $20 or more. Some branch locations provide wrappers.
Some credit unions and community banks have free coin-counting machines for members. For example, JBT and Manasquan Bank customers have free use of coin-counting machines. Hyperion Bank in Philadelphia has a coin-counting machine that is free for customers and charges a 5% fee for non-customers.
Some banks, such as Wells Fargo, will exchange rolled coins for customers without a fee. Chase Bank has a generous policy for non-customers, allowing them to exchange up to $200 in coins as long as they're in coin wrappers.
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Banks that charge a fee for coin-counting
Most banks no longer provide coin-counting machines to customers or non-customers. However, some banks may charge a fee for coin-cashing services while providing the same services to their customers free of cost.
For example, Hyperion Bank in Philadelphia has a coin-counting machine that is free for customers and charges a 5% fee for non-customers. PNC Bank also charges a fee for non-customers.
Some credit unions, such as Mission Fed Credit Union, provide coin-counting machines at most branches, but service fees may apply, particularly for non-account holders.
Coinstar is another option for exchanging coins, but it charges a fee of around 11.9% to 12.9% for cashing in your coins.
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Frequently asked questions
Most banks provide customers with free coin wrappers. However, some may charge a fee for the service. It is best to contact your bank to ask about their policy.
It depends on the bank. Large banks typically require pre-rolled coins, while some smaller institutions and credit unions provide self-service counting machines.
Wells Fargo, Bank of America, Chase, and Capital One are some of the banks that offer free coin wrappers.
Yes, many credit unions provide coin wrappers to customers for free.
Yes, you can purchase coin wrappers from dollar stores or office supply stores. Alternatively, you can make your own coin wrappers by searching for tutorials online.
