Key Takeaways:
– Major national banks no longer provide coin-counting machines, but some local banks and credit unions do (often charging fees for non-customers).
– Banks offer free coin wrappers, though non-customers may face deposit limits or fees unless utilizing multiple branches.
– Coinstar kiosks at supermarkets allow fee-free exchanges for gift cards/donations or cash vouchers with a service charge.
Remember the convenience of depositing your piggy bank savings at a local bank? Those coin-counting machines could turn loose change into hundreds of dollars—sometimes rivaling cash-back credit card rewards. While less common today, this service hasn’t disappeared entirely. Here’s where to find it and alternative solutions.
Which Banks Still Have Coin Counters?
National banks like Chase, Bank of America, Citibank, Capital One, PNC Bank, and TD Bank have phased out coin-counting machines due to high maintenance costs. Instead, local community banks and credit unions are more likely to offer this service, often prioritizing customer convenience.
Banks with Free Coin-Counting Services (2024)
| Bank/Credit Union | Customers | Non-Customers | Notes |
|---|---|---|---|
| JBT | Free | 5% fee | |
| Manasquan Bank | Free | – | Non-customers ineligible |
| Republic Bank (NJ/PA) | Free | Free | |
| American Eagle FCU | Free | Free | Credit union |
| People’s United Bank | Free | 11% fee | |
| Cape Bank | Free | Free |
👉 Compare savings accounts with coin services
Free Alternatives: Coin Wrappers and Deposits
All banks provide free coin wrappers (color-coded by denomination), but policies for non-customers vary:
– Chase: Accepts up to $200 in rolled coins per non-customer (use multiple branches for larger amounts).
– Other banks: May exchange small amounts ($10–$20) if coins are pre-rolled.
Pro Tip: Check for pre-1965 quarters—they contain 90% silver and are worth far more than face value.
Coinstar Kiosks: Fee-Free Gift Cards or Donations
Coinstar machines in grocery stores offer three options:
| Option | Fee | Details |
|---|---|---|
| Cash voucher | 11.9% | Redeemable at store cashiers |
| eGift Card | None | Brands include Amazon, Starbucks, Lowe’s |
| Donation | None | Supports charities like Red Cross or UNICEF |
Stores with Coinstar Machines
- Walmart
- Kroger
- Safeway
- ShopRite
(Call ahead—availability varies by location.)
👉 Maximize your coin savings today
FAQs
1. Where can I cash coins without fees?
Your bank is the best option if you’re a customer. Non-customers can use Coinstar’s fee-free gift cards or donations.
2. Does Coinstar take a percentage for cash?
Yes—up to 12.9% + $0.99 per cash transaction. Gift cards avoid fees entirely.
3. Are coin counters disappearing?
Most major banks have removed them, but local institutions and credit unions may still offer the service.
4. How do I roll coins efficiently?
Sort coins by size, use bank-provided wrappers, and batch-process to save time.
5. Can I deposit coins at an ATM?
Rarely. Most ATMs accept bills only; rolled coins require a teller.
6. What’s the easiest way to handle large coin amounts?
For bulk coins (e.g., $500+), consider Coinstar’s gift cards or opening an account at a bank with a coin counter.