Yes, Wells Fargo generally accepts rolled coins from its customers for exchange, according to [U.S. News & World Report] and [NerdWallet] . They also offer free coin wrappers for this purpose.
However, it’s important to note the following:
- No coin counting machines: Wells Fargo has removed most, if not all, of their in-branch coin counting machines. Therefore, you will likely need to roll your coins yourself before bringing them in.
- Potential Fees: While Wells Fargo generally doesn’t charge customers for exchanging rolled coins, it’s always a good idea to confirm with your local branch about their specific policies and any potential fees, especially if you are not a Wells Fargo account holder.
- Foreign Currency: Wells Fargo’s foreign currency exchange services do not include coins.
Alternatives to Wells Fargo
If you prefer to avoid rolling your coins or are not a Wells Fargo customer, you have other options:
- Credit Unions and Community Banks: Many credit unions and local community banks offer coin exchange services, and some may still have coin-counting machines, often for free for their members.
- Coinstar Kiosks: These machines are widely available in grocery stores and retailers, but they typically charge a fee for exchanging coins for cash (up to 12.9% plus a transaction fee). You may be able to avoid this fee by opting for a gift card instead.
- Using Coins for Purchases: Some retailers may accept rolled coins for purchases, which can be a way to avoid exchange fees altogether.
Does Wells Fargo offer free coin exchange?
Yes, You Can Deposit Coins at Your Bank
Some banks, such as Wells Fargo, will exchange rolled coins for customers without a fee. Wells Fargo says it also offers free coin wrappers. Check your bank’s policy. Certain credit unions and community banks still have coin-counting machines.
What banks will exchange coins for cash?
Most national banks, local banks and credit unions will accept coins in exchange for cash. However, policies and procedures vary by institution and location. For example, national banks like Chase and Capital One exchange pre-rolled coins for cash for account holders.
Can you deposit coins at a Wells Fargo?
Depositing coins at a bank can be an essential task for many individuals and businesses. Wells Fargo, one of the largest banks in the United States, allows customers to deposit coins for their convenience.