Whether a bank has coin counters for customers to use depends on the bank and, in some cases, the specific branch.
Smaller institutions, particularly local community banks and credit unions, are more likely to have coin-counting machines available for their customers. Some examples of institutions offering free coin counting to customers include JBT and Manasquan Bank. They see it as a way to provide good customer service and meet the demand for coins from their business clients.
Many larger national banks, like Chase, Bank of America, Citibank, and Capital One, have discontinued providing coin-counting machines for customers. They cite the cost of maintaining these machines as the reason for this decision.
If your bank doesn’t offer a coin-counting machine, you can still exchange your coins for cash or deposit them into your account by rolling them yourself. Banks typically provide free coin wrappers for this purpose.
If your bank doesn’t offer a coin counter and you’d prefer not to roll your own, you can consider these alternatives:
- Coinstar Kiosks: These machines are widely available in grocery stores and retailers. However, they charge a fee for converting coins to cash (up to 12.9% plus a transaction fee). You can avoid the fee by opting for a gift card from participating retailers.
- Publix Coin Counters: The Florida-based grocery chain Publix has its own coin-counting machines in some locations, [according to U.S. News & World Report] . Fees may apply, so check with your local store.
To summarize, while many large banks no longer provide coin-counting machines, some local banks and credit unions still do. Additionally, you can roll your coins or use Coinstar kiosks, though fees may apply for cash redemption.
Which US bank has a coin counter?
Good point! For example, national banks like Chase and Capital One exchange pre-rolled coins for cash for account holders. Some credit unions, such as Mission Fed Credit Union, provide coin-counting machines at most branches.
Where can I cash coins for free?
Good point! Your local bank branch is a good place to exchange coins. The branch will typically give you coin wrappers for free. Credit unions or community banks are more likely to have free coin-counting machines for members. Coinstar machines are in many supermarkets, and Publix has its own machines.
Will Bank of America take my unrolled coins?
Thanks for asking. No. Please take rolled coins to your local financial center. Incomplete rolls or loose coins may not be accepted.