Historically, Wells Fargo used to have coin counting machines, but they have largely been removed from most branch locations . Reasons for this removal include declining usage and difficulties in maintaining a consistent customer experience with the machines.
However, Wells Fargo still offers options for depositing coins:
- Rolled coins: Wells Fargo will accept rolled coins from customers for deposit into their accounts without a fee. They may even provide coin wrappers for free.
- Loose coins: Some branches may still accept loose change, but policies can vary. It’s recommended to call your local branch beforehand to inquire about their specific procedures and limits for accepting loose coins.
- Other banks and credit unions: Many community banks and credit unions still have coin counting machines, though they may charge a fee for non-members.
- Coinstar kiosks: These machines are located in many supermarkets and offer options to convert coins into cash (for a fee), gift cards (often fee-free), or donations (fee-free).
Does Wells Fargo charge for a coin machine?
From my experience, Some banks, such as Wells Fargo, will exchange rolled coins for customers without a fee.
Do any banks have free coin-counting machines?
Good point! Some banks and credit unions offer free coin-counting services. Most limit this service to customers, and you’ll find some variations in how the services work. Some have self-service coin counters on site. Others restrict the amount of change you can convert in a single visit.