Most large national banks, such as Bank of America, Chase, Citibank, Capital One, PNC Bank, TD Bank , and Truist , no longer have coin-counting machines . However, many local community banks and credit unions may still offer coin-counting machines, though availability and fees can vary.
Some examples of banks and credit unions that have been mentioned as having coin machines (though it’s always best to verify with your local branch) include:
- JBT
- Manasquan Bank
- Republic Bank
- Hyperion Bank
- State Employees’ Credit Union (SECU)
- Penn East Federal Credit Union
- Suncoast Credit Union
- Bank Policy: Many banks will accept rolled coins for deposit, even if they don’t have a coin machine, but policies on loose coins or exchanges for non-customers vary widely.
- Fees: Some banks may charge a fee for using their coin machines, particularly for non-customers. Credit unions often offer free coin counting for members.
- Alternatives: Coinstar kiosks are widely available in supermarkets and other retail locations, [according to U.S. News & World Report] . They typically charge a fee for cash redemption but offer fee-free gift card or charity donation options.
Recommendation: Your best bet is to call your local bank or credit union to confirm if they have a coin machine and what their policy is regarding coin counting for customers and non-customers. You can also utilize online search tools or Coinstar’s kiosk locator to find nearby options.
Do any banks still have coin-counting machines?
Certain credit unions and community banks still have coin-counting machines. The majority of large banks, such as Bank of America, Chase and Capital One, do not have coin-counting machines for their customers anymore, though you can still receive coin wrappers.
Where can I cash 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 convert coins to cash for free?
Banks and credit unions often offer free coin exchange services for customers, while charging small fees for non-customers. Coinstar machines charge up to 12.9 percent plus a 99-cent flat fee but are widely available at grocery stores and retailers.