- Banks and Credit Unions:
– Many banks and credit unions offer free coin counting services to their account holders.
– Some, particularly smaller institutions, may have self-service coin counting machines available for customer use.
– Chase Bank allows non-customers to exchange up to $200 in pre-rolled coins for free.
– It’s always a good idea to contact your specific bank or credit union branch to confirm their coin counting policies and if there are any fees or limits for non-account holders.
- Coinstar:
– Coinstar kiosks are widely available in grocery stores and retailers, [according to U.S. News & World Report].
– You can count your coins for free at most Coinstar locations by opting for an eGift card instead of cash.
– Choosing to convert coins to cash at Coinstar incurs a service fee (currently up to 12.9% plus a $0.99 transaction fee).
- Alternative Methods:
– You can always count and roll your coins manually using coin wrappers (often provided free by banks) and deposit them at your bank or credit union without incurring fees.
– Some grocery stores with self-checkout lanes may allow you to use loose change to pay for purchases.
In summary, your bank or credit union is often the most cost-effective option for converting coins to cash, especially if you are an account holder. If that’s not feasible, consider Coinstar and choose the eGift card option to avoid fees. You can also explore rolling the coins yourself and depositing them at your bank or utilizing grocery store self-checkout lanes.
Where can I cash in my coins for free?
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.
What is the best free coin checker?
The Coinoscope mobile app makes coin identification and valuation easy – just snap a picture of a coin with your phone camera and the app will show you a list of similar coins. It is fast and accurate. It is a must-have tool for every coin collector and numismatist!