Many large national banks, including Citibank, have stopped providing coin-counting machines in their branches . This is largely due to the cost of maintaining these machines exceeding the value they offer to customers.
However, you can still deposit coins at Citibank, though you may need to pre-roll them. You can get free coin wrappers at Citibank branches to sort your coins by denomination (pennies, nickels, dimes, quarters) and roll them yourself. Once rolled, you can deposit them at any Citibank branch. Citibank generally doesn’t charge for the coin exchange service if you’re a customer.
- Coinstar: You can find Coinstar kiosks in many supermarkets and retailers. They offer the convenience of self-service coin counting. You can choose to:
– Exchange for cash: A processing fee (up to 12.9% plus a $0.99 transaction fee) will be charged.
– Receive an e-gift card: Many popular retailers and restaurants offer fee-free e-gift cards.
– Donate to charity: You can donate your coins to various charities without a fee.
- Local Banks/Credit Unions: Some local community banks and credit unions may still have coin-counting machines, often free for members.
- Other National Banks (with pre-rolled coins): Other national banks, like Chase, may accept pre-rolled coins for deposit or exchange, even from non-customers (potentially with limits or fees).
- Fees: Be aware of potential fees, especially if you’re not a customer of the bank where you’re depositing coins or if you use services like Coinstar for cash exchange.
- Pre-rolling: Many institutions, including Citibank, require coins to be rolled before they’ll accept them.
- Calling Ahead: It’s always a good idea to call your local branch or financial institution in advance to confirm their specific policies regarding coin deposits.
Can you cash in coins at Citibank?
Thanks for asking. Many banks and credit unions offer coin exchange services, including national banks such as Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank and more.
Where can I cash coins for free?
From my experience, 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.
Can I bring a bag of coins to the bank?
From my experience, Will banks exchange coins for cash? Most banks accept coins for cash exchange, though services vary by institution. Large banks typically require pre-rolled coins, while some smaller institutions and credit unions provide self-service counting machines.
Can I deposit coins in an ATM machine?
There are only a few things you can’t do at an ATM that you can do at your bank. If you need to exchange currency, deposit coins or meet with a teller, for instance, it may be time to tap into your bank’s location finder for your nearest branch.