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Banks that Have Coin Counters.

By Bethany Taylor August 17, 2020 0 comments


Coin rolls

Bank roll denominations

Chase, Bank of America, Citibank, Capital One, PNC Bank, TD Bank, BB&T and other leading national banks no longer give coin-counting machines to customers or non-customers. 

The big banks say that these machines cost more to maintain than the value that is given to customers.

Banks taking Coins Deposits in Coin Wrappers

After talking to all the banks, we found that every single one of them will give coin wrappers for free, regardless of whether or not you are a customer. Coin wrappers are paper seals that come color-coded for various coin denominations.

Every wrapper is used to roll 40 to 50 coins in denominations of 25 cents or less. Wrappers for 50-cent and one-dollar coins do exist. Be sure to check your quarters to confirm if they were made in 1964 or earlier. Before 1965, U.S. quarters were composed of 90 percent silver, which makes them worth a lot more than the $0.25 value.

If you’ve got a lot of coins, it could be a time-consuming job to stuff them into the wrappers. Once you’ve rolled the coins, just take them to the bank for deposit or exchange. For customers of the bank, it is free.

Coinstar company

Coinstar is a company that has kiosks for counting coins. You can exchange the coins into cash, electronic gift numbers, or charitable donations. Coinstar kiosks can be found mostly in major U.S. supermarkets. They charge a fee of 11.9% if you need the coins converted to bills. If you just need cash from your coins, banks are the better option.

But, as highlighted above, if you change those coins into branded gift cards through Coinstar, it is free.

U.S Quarters

1965 U.S quarters

How it works
  1. You can bring your coins without sorting or wrapping. They simply have to be free of dirt, debris, and other hindrances that could block the machine from accepting the coins.
  2. Select the exchange selection that you prefer.
  3. For cash, you’ll get a paper voucher that you take to the cashier. For the electronic gift code, it will be exhibited on your receipt. For donations, you’ll get a receipt of your donation for tax purposes.

Shops with Coin Counter Machines

Rather than going to the bank, you might get a coin-counting machine at one of the places to visit the most: a grocery store or supermarket.

Resources and References:

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