The requirement for full coin rolls depends on where you plan to exchange them. Here’s a breakdown:
- Banks and Credit Unions: Most banks and credit unions prefer full coin rolls, especially for larger deposits.
– They typically have standard quantities per roll for each denomination (e.g., 50 pennies, 40 quarters).
– They may also offer free coin wrappers and count/verify the coins for you.
– Some banks may have limits on the amount of coins you can deposit or exchange at a time and could charge a fee if you’re not an account holder.
- Coin-counting machines: Many grocery stores and some credit unions offer coin-counting machines.
– These machines usually accept loose or partially filled coin rolls and automatically count the coins and dispense cash or a voucher.
– However, these machines typically charge a service fee, which can be a percentage of the total amount.
To avoid potential issues and fees, it’s generally best to:
- Check with your specific bank or credit union about their policies for handling rolled coins.
- If you choose to roll your coins, try to fill the rolls to the standard capacity for each denomination.
- Ensure the rolls are properly sealed.
By taking these steps, you can help ensure a smooth and hassle-free process when exchanging or depositing your coins.
Do coin rolls need to be full?
Thanks for asking. A: It’s possible to use partially filled coin rolls as a form of payment, but it’s generally discouraged. It’s best to exchange them for full rolls at a bank or use them in a coin-counting machine.
Do banks accept half-rolled coins?
Great question! 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.
Can you get empty coin rolls at the bank?
Modern coin wrapping
In the United States, most banks offer empty rolls in every denomination (though it is becoming increasingly difficult for half dollar and dollar to be readily made available).