Knowing where to cash coins makes life a bit easier. Many people have a jar full of change, sitting on a shelf, collecting no interest, and taking up space. Ideally, you could take that jar of coins into a store and spend it as we would paper bills. But it is embarrassing to be seen with a jar of change, it’s heavy, cashiers don’t like counting pennies and people don’t like standing behind “that person.”
So, how can you convert that jar of coins into usable, non-embarrassing money? Where can you find a coin counter machine? Are there banks with coin counters? Where are the free coin counting machines? All of this is revealed in this article…
Included in This Article:
Coin Cashing Machines at Places Other Than Banks
Banks That Accept Rolled Coins
Banks with Coin Counters
What Else You Can Do with Your Loose Change
Stores with Coin Counter Machines
The easiest way to convert your coins into paper money is to use Coinstar, the ubiquitous green machines in grocery and big-box stores. But how much does Coinstar charge?
- These machines charge a fee of 10.9%
- To bypass the 10.9% fee, you can opt for an e-gift card from many well-known companies such as Amazon, Home Depot, and Sears.
- Another way to bypass Coinstar’s 10.9% fee is to select a full-value gift certificate to buy groceries in the store the machine is located in.
- If you’re feeling charitable, you can donate your coins to several organizations such as the American Red Cross, UNICEF, and the American Humane Society and get a tax-deduction that could reduce your tax bill come April.
Coinstar kiosks are located in almost every grocery store in the United States, and the list below has links to national chains.
- Albertsons (including Acme Markets, Carrs, Jewel-Osco, Lucky, Pavilions, Randalls, Safeway, Shaw’s and Star Market, United Supermarkets, and Vons stores)
- Food Lion
- GIANT Food Stores
- Kmart Super Center
- Kroger (including Baker’s Supermarkets, City Market, Dillons Food Stores, Food 4 Less, Foods Co., Fred Meyer, Fry’s Food & Drug, Gerbes Super Markets, Harris Teeter, Jay C, King Soopers, Owen’s, Pay Less Super Markets, QFC, Ralphs, Roundy’s, Ruler Foods, Scott’s, and Smith’s stores)
- SuperValu (including Cub, Farm Fresh, Hornbacher’s, Shop ‘n Save, and Shoppers)
Do Banks Accept Rolled Coins… Many Do, Yes
Many banks will accept your coins but with stipulations. For example, most major banks like Wells Fargo, US Bank, and Bank Of America will only accept rolled coins.
Banks that accept rolled coins usually charge a fee (around 5-10%). Banks will often provide coin wrappers for free, but not every bank will accept rolled coins if you are a non-customer.
The following chart shows banks that accept rolled coins, including locations and fees (what banks have free coin counting machines included):
|Bank and Location||Customers||Non-Customers|
|Bank of America Nationwide||Free, but only accepted for deposit at financial centers|
|BB&T Southeast US and Texas||Free for $25 or less, 5% for more than $25||10%|
|Cape Bank Northeast US||Free||Free|
|Chase Bank Nationwide||Free||Free up to $200|
|Citibank Nationwide||Free (5% in Illinois)||Free (5% in Illinois)|
|Home State Bank Colorado||Free||10%|
|Manasquan Bank New Jersey||Free||5%|
|Shelby Savings Bank Texas||Free||5%|
|US Bank Nationwide||Free||Free|
|Wells Fargo Nationwide||Free||Free|
Banks with Coin Counter Machines
These days, there aren’t a great deal of banks that still offer coin counting machines and none of them are major nationwide banks. We’ve collected the details for the few banks that have coin counters. Keep in mind that coin counting machines may not be available at every branch of these banks. While many of these did not specify coin-counting fees online, the service is typically free for members of that bank (with the exception of BB&T).
- Fees for BB&T customers: For coins totaling $0-$25, free; for coins totaling $25.01 or more, 5% of the total amount
- Fees for non-BB&T customers: 10% of the total amount
- Find a local BB&T branch (locations in eastern U.S. and Texas)
Hancock County Savings Bank
- Fees for Hancock County customers: Free
- Fees for non-Hancock County customers: Not disclosed online
- Find a local Hancock County Savings Bank branch (locations in West Virginia)
- Fees for JBT customers: Free
- Fees for non-JBT customers: 5% of the total amount (but it’s fully donated to a local charity)
- Find a local JBT branch (locations in Pennsylvania)
MB Financial Bank
- Fees for MB Financial customers: Not disclosed online
- Fees for non-MB Financial customers: Not disclosed online
- Find a local MB Financial branch (locations in the greater Chicagoland area)
Navy Federal Credit Union (Some Locations)
- Fees for NFCU customers: Not disclosed online
- Fees for non-NFCU customers: Not disclosed online
- Find a local Navy Federal Credit Union branch (affiliated locations nationwide)
People’s United Bank
- Fees for People’s United customers: Not disclosed online
- Fees for non-People’s United customers: Not disclosed online
- Find a local People’s United Bank branch (locations in the Northeastern US)
- Fees for Republic Bank customers: free
- Fees for non-Republic Bank customers: Not disclosed online
- Find a local Republic Bank branch (locations in New Jersey and Pennsylvania)
If you don’t have any luck with the banks or credit unions listed above, we recommend trying a search for smaller community banks or credit unions in your local area. Many smaller financial institutions still offer coin counting machines, some without any fees.
Let Grocery Store Self-Checkout Act as Your Coin Counting Machine
A creative option for cashing in your coins is as convenient as your local grocery, home, or big-box store. By using the self-checkout lane, you can insert coins into the machine, and it will accept your coins the same way it would accept cash. This is a fee-free option worth considering if you can make it to the store during a time when it’s not too busy.
Make Sure You Aren’t Getting Rid of Rare Coins for Merely Face Value!
Before you cash in your coins, make sure you don’t have a rare coin. Though it is a long shot, it is worth looking through your coins to make sure you’re not in possession of a rare or otherwise valuable coin.
- Two of the easiest ways to check for rare coins is to see if your pennies are made of copper, and if your nickels, dimes, and quarters are made of silver.
- Prior to 1982, US pennies were made with 95% copper, meaning that coin and metal collectors will pay top dollar for pennies minted before 1982.
- Any nickel, dime, or quarter minted prior to 1964 will contain silver, another precious metal that metal collectors will pay top dollar for!
- There is the off chance that you are in possession of a rare buffalo nickel, but the only way to be sure is to look.
- If you happen upon a rare coin, your best bet is to go to a certified coin dealer to find out what it’s worth.
Where to Find Coin Counter Machines: Conclusion
The bottom line is that you have many options for using coin counting machines near you. And really, as long as you’re not presenting a 50-pound bag of pennies to a cashier, coins are legal tender and can be used for everyday purchases — so in a pinch, even if it isn’t ideal, you can purchase a gallon of milk with quarters. Granted, while you wouldn’t want to pay for a first date or anniversary dinner with pennies and quarters, you shouldn’t feel ashamed for using legal tender as it was meant to be used: for purchases. Good luck finding a coin counting machine near you!