Where Can I Take Rolled Coins for Cash?

Loose change, often gathered from daily transactions or forgotten in jars, represents tangible value. Converting these coins into cash provides a convenient way to integrate them back into personal finances for spending, saving, or investing.

Bank and Credit Union Exchanges

Financial institutions, including banks and credit unions, frequently offer services to exchange rolled coins for cash. For those who maintain an account, this service is typically provided without a fee. However, policies vary, and some larger national banks may require coins to be pre-rolled into wrappers before acceptance. Many local banks and credit unions offer self-service coin-counting machines within their branches, allowing customers to deposit unrolled coins directly.

The process generally involves bringing your coins to a teller or using an in-branch machine, where the total value is determined. This amount can then be disbursed as cash or directly deposited into your checking or savings account. While account holders usually benefit from free service, non-account holders might encounter fees (a flat charge or percentage of the total) or find their request refused by some institutions. It is advisable to contact your branch beforehand to understand their coin exchange policies, including quantity limits or rolling requirements.

Coin Counting Kiosks

Automated coin counting kiosks, commonly found in grocery stores and other retail locations, offer another widely accessible option for converting loose change into cash. These machines operate by allowing users to pour unrolled coins directly into a hopper. The machine then rapidly counts and sorts the coins, quickly determining their total value.

The primary consideration with these kiosks is the fee structure. For those opting to receive a cash voucher, a service fee is typically deducted from the total coin value. This fee usually ranges from 10.9% to 12.9%, and some kiosks may also apply a small flat transaction fee. After the counting process, the kiosk issues a printed voucher that can be redeemed for cash at the store’s customer service desk. Many kiosks also offer fee-free alternatives, allowing users to convert their coins into eGift cards for various retailers or to donate to a selected charity.

Preparing for Your Coin Exchange

Before exchanging coins, a few preparatory steps can help ensure a smooth transaction. If your bank or credit union requires pre-rolled coins, sort your change by denomination and place them into appropriate coin wrappers. These wrappers, often available for free at bank branches or purchasable at office supply stores, standardize the coin count for each roll.

Regardless of your chosen exchange method, ensure your coins are clean and free of foreign objects like lint or debris. This prevents machine jams and ensures accurate counting. For larger quantities, call your intended exchange location in advance to inquire about policies or quantity limits. While not always required for small amounts, having valid government-issued identification is a good practice, especially for larger transactions or if you are not an established customer.