Yes, you can generally take rolled coins to most banks, especially if you are an account holder . However, policies regarding handling coin rolls can differ by institution and even by individual branch.
Here’s what you should know:
- Many banks require rolled coins, especially for larger amounts . They may provide free coin wrappers to their customers to facilitate this. You can also purchase coin wrappers at office supply stores or online.
- Some banks or credit unions might have coin-counting machines that can handle loose change, though these are becoming less common at large national banks. Local community banks and credit unions are more likely to offer this service, often for free to members but potentially for a fee to non-customers.
- It’s always a good idea to call your bank or local branch in advance to confirm their specific policies regarding rolled coins and to check if there are any deposit limits or fees associated with the service.
- For non-account holders, some banks may refuse to exchange coins for cash or impose stricter limits and fees.
In summary, it’s generally possible to deposit or exchange rolled coins at your bank, but calling ahead to understand their specific requirements and policies will help ensure a smooth transaction.
Do banks still accept rolled coins?
Yes, You Can Deposit Coins at Your Bank
Most banks or credit unions will 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 a fee. Wells Fargo says it also offers free coin wrappers.
Do banks accept paper coin rolls?
Thanks for asking. 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.
Where can I cash in rolled coins for free?
Good point! 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.
Can you still take loose change to the bank?
Take it to your bank
Some banks now have coin machines that let you pay in your spare change without needing to sort it first. Not all banks offer these machines, and even those that do might not have one in your local branch. However, they should be able to take your coins if you sort them yourself.