Megan Brooks
While major banks no longer offer coin-counting machines, local community banks and credit unions often do. Some banks that offer free coin-counting services include PNC Bank, Wells Fargo, Bank of America, Chase, and U.S. Bank. Credit unions such as State Employees' Credit Union and Penn East Federal Credit Union also offer free coin-counting services for members. It is worth noting that most banks and credit unions limit this service to customers and may have certain requirements, such as presenting rolled coins. Additionally, some grocery stores and retailers, like Publix, have coin-counting machines, although they may charge a fee for their use.
| Characteristics | Values |
|---|---|
| Banks with free coin-counting services | Bank of America, Chase, Capital One, Wells Fargo, PNC Bank, U.S. Bank, Hyperion Bank, JBT, Manasquan Bank, State Employees' Credit Union, Penn East Federal Credit Union, Suncoast Credit Union |
| Requirements | Must be a customer of the bank/credit union, coins must be rolled |
| Coin wrappers | Provided for free by banks/credit unions |
| Alternatives | Coinstar kiosks at supermarkets, self-checkout at retailers, Publix machines |
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What You'll Learn
Banks that offer free coin exchange
While major national banks no longer offer coin-counting machines, local community banks and credit unions often do. Some banks provide free coin wrappers, but non-customers may face deposit limits or fees unless they use multiple branches.
PNC Bank
PNC Bank accepts rolled coins for deposit into your PNC account. You can visit a branch and make your deposit with a teller, who can also provide coin wrappers.
Bank of America
Bank of America allows customers to cash in their coins for free. Their requirements are that you should be a customer and that your coins are adequately rolled. You can find your nearest financial center using their branch locator.
Chase
Chase is another popular banking institution where you can cash your coins without any extra fees, but you need to be a Chase customer to access this service. Before you go, check Chase's branch location to ensure they accept coins, as some locations do not.
U.S. Bank
If you have an account with U.S. Bank, you can cash your coins free of charge. They will collect your coins and cash them for you, rolled or not.
Wells Fargo
Wells Fargo allows customers to cash their coins for free. They also offer free coin wrappers.
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Credit unions that offer free coin exchange
Credit unions are similar to banks and often have coin exchange services for their members at no additional cost. Some credit unions do not charge non-members for coin exchange either, so it may be worth calling around to find one near you.
Credit unions and local community banks are more likely to have free coin-counting machines for members. They will typically provide coin wrappers for free, and you can then deposit the rolled coins into your account.
Some credit unions and local banks that offer free coin exchange services include:
- JBT
- Manasquan Bank
- Mission Federal Credit Union
- SF Fire (no-fee for members)
It is worth noting that most national banks do not have coin-counting machines and will only allow you to deposit rolled coins into an account. Some banks that offer free coin exchange services for customers include:
- Wells Fargo
- Bank of America
- Chase
- Capital One
If you are not a customer of these banks, you may be charged a fee for exchanging coins.
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Coin-counting machines at supermarkets
Coin-counting machines are still available at some banks and supermarkets. However, major national banks no longer offer coin-counting machines, and most banks do not have free coin-counting machines anymore. Local community banks and credit unions are the most likely places to have coin-counting machines available for public use, but you may need to be a customer to access this service for free. Some banks that offer coin-counting machines include Wells Fargo, Bank of America, Chase, and Capital One.
If you are unable to find a coin-counting machine at a bank, you may be able to find one at a supermarket. Coinstar kiosks are available at supermarkets across the U.S. and allow you to exchange your coins for fee-free gift cards or donation exchanges, or cash vouchers with a fee. The fee for cash vouchers can be quite high, with Coinstar charging up to 12.9% + $0.99 per transaction. Therefore, it is recommended to call the supermarket before visiting to confirm the availability of a coin-counting machine and to understand the fees involved.
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Coin wrappers
Banks provide coin wrappers for free, regardless of whether or not you are a customer. However, not every bank will accept your rolled coins if you are not a customer. Local banks and credit unions are a good choice for coin exchange.
You can purchase coin wrappers from various online retailers, such as Amazon and Walmart, which sell preformed coin wrappers in assorted denominations. These coin wrappers are made of sturdy paper and are designed to work with coin roller machines. They typically come in packs of 36 to 128 wrappers and are an affordable option for those who prefer to roll their coins before exchanging them.
While some coin exchange machines, like Coinstar, charge a fee, they often offer no-fee gift card or donation exchanges. It is recommended to call your local bank branch to confirm the availability of coin-counting machines and their policies on accepting rolled coins.
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Retailers with free coin exchange
While major national banks no longer offer coin-counting machines, local community banks and credit unions often do, although they may charge fees for non-customers. Banks provide free coin wrappers, but non-customers may face deposit limits or fees unless they use multiple branches.
Some retailers have coin-counting machines that let you exchange coins for cash. However, these services are rarely free. Coinstar is a popular coin-counting machine that is commonly found in grocery stores, retailers, and more. While it is convenient, Coinstar charges a fee of up to 11.9% to turn your coins into cash. However, Coinstar does offer several no-fee e-gift card options, and it will waive the coin-counting fee if you donate the money to charity through them.
QuikTrip is another retailer that offers free coin-counting and exchange services at its gas stations across 11 states, with over 800 locations in total.
Laundromats and grocery stores are also a great option for exchanging coins for free.
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Frequently asked questions
Some banks that offer free coin-counting services include Wells Fargo, Bank of America, Chase, and U.S. Bank. Local community banks and credit unions are also more likely to have free coin-counting machines for members.
Most banks limit their free coin-counting services to customers only. However, some credit unions may offer this service to non-members for a small fee, which is typically lower than alternatives.
Many banks require that your coins be rolled before they are deposited. Banks will typically provide coin wrappers for free. Once you've rolled the coins, you can bring them to the bank for deposit or exchange.
Yes, there are alternatives to using a bank's coin-counting service. Coin-counting machines, such as Coinstar kiosks, can be found in many supermarkets and retailers. These machines typically charge a fee for converting coins into cash, but some offer fee-free gift card or donation exchanges.
