What Banks Have a Coin Counting Machine?

Coin counting machines offer a convenient way to convert loose change into usable currency. They help individuals avoid manually counting and rolling coins, transforming accumulated change into funds that can be spent, saved, or deposited.

Banks That Offer Coin Counting Services

The availability of coin counting machines varies significantly across financial institutions, often depending on the bank’s size and operational model. Major national banks, such as Chase, Bank of America, Wells Fargo, Citibank, Capital One, PNC Bank, and TD Bank, have largely discontinued offering self-service coin-counting machines to both customers and non-customers. These institutions often cite maintenance costs as a reason for phasing out the machines. While some may accept pre-rolled coins for deposit, they typically do not provide the machines for loose change.

In contrast, regional and local banks, along with credit unions, are more likely to offer coin counting services as a benefit to their account holders. These smaller institutions often prioritize personalized customer service, which can include providing convenient coin conversion options. Some credit unions may even extend this service to non-members, though often with an associated fee.

Fee structures for coin counting services at banks and credit unions typically depend on customer status. Account holders often receive the service without charge. Non-account holders may incur a percentage-based fee, commonly ranging from 5% to 10% of the total coin value. Policies, including fees and non-customer availability, can differ by branch and are subject to change.

Locating a Coin Machine

Finding a bank branch with a coin counting machine requires a proactive approach due to varying availability. Start by checking the bank’s official website or branch locator tool. While some online locators specify coin counters, this feature isn’t universal, so direct confirmation is often necessary.

Contacting specific bank branches by phone before visiting is advisable. This allows individuals to confirm machine availability, inquire about operating hours, and clarify policies, especially for non-customers. Upon arrival, if a machine isn’t visible, ask a teller or customer service representative. Some institutions may have machines available only to customers or in specific branch areas.

Other Coin Counting Options

When a bank coin machine is not accessible or preferred, several alternative methods exist for converting loose change. Coin counting kiosks, such as those operated by Coinstar, are widely available in grocery stores and other retail locations. These kiosks offer a convenient way to process coins without pre-sorting or rolling.

Coinstar kiosks typically charge a service fee for cash payouts, often 11.9% to 12.9% of the total value, plus a small transaction fee. Users can avoid these fees by opting for an e-gift card from selected retailers or by donating to charity, both usually incurring no Coinstar fee. Another option is manually rolling coins using wrappers, often provided free by banks. Once rolled, these coins can be deposited into an account. For smaller amounts, spending coins directly at stores, especially at self-checkout lanes that accept cash, offers a fee-free way to use loose change.