Yes, most banks will allow you to exchange rolled coins for cash, especially if you are a customer.
Here’s what you should know
- Free Exchange for Customers: Many banks offer free coin exchange services to their account holders.
- Rolled Coins Preferred: Most banks prefer or require that coins be rolled in wrappers before exchanging them. You can usually get free coin wrappers from the bank.
- Coin Counting Machines: Some banks, particularly local and community banks or credit unions, may have coin counting machines available for customers to use for free or a small fee.
- Fees for Non-Customers: If you are not an account holder at a particular bank, you might be charged a fee to exchange coins there.
- Call Ahead: It’s always a good idea to call your local branch beforehand to confirm their specific policies regarding coin exchange and inquire about any potential fees or requirements.
- Alternatives: If your bank doesn’t offer coin exchange or you want to avoid fees, consider:
– Coinstar Kiosks: These machines are commonly found in grocery stores and retailers, but they charge a fee for cash exchange. You can sometimes avoid the fee by exchanging for a gift card.
– Paying with Coins: You can use rolled coins to pay for purchases at retailers, though some may have policies against accepting large amounts of coins.
How do you cash in rolled coins at a bank?
Rolled coins
Banks often give out free coin wrappers for customers to use. You’ll sort your coins into pennies, nickels, dimes and quarters and then wrap them yourself. After the bank teller counts your coins, they will give you cash in exchange or send a deposit to your savings or checking account.
Where can I cash in rolled coins for free?
Typically, you can cash coins for free at your local bank. You may have to roll the coins yourself but the bank will likely give you coin wrappers for free.
Do banks accept paper coin rolls?
From my experience, Most banks will accept these coin rolls and will exchange the coins for bills. You will also need a pencil and paper. Make sure you have a flat surface to do this activity. Lay out your coins and sort them by coin type, or denomination.
What can I do with rolls of coins?
From my experience, U.S. Bank (no rolls required, but customers only)
Bank of America (requires coin rolls and limits each exchange for non-customers)
Citibank (requires coin rolls, and may charge fees in some states)
Chase (requires coin rolls but will exchange everyone’s’ coins for bills up to ~$200 per exchange)