Are you ready to find out where to cash in coins for free? I got you:
Collecting coins when shopping and placing your spare change in one place is one of the easiest ways to save money without trying. At some point, though, these coins must turn into cash.
Who wants to keep several piggy banks under their bed for years?
Today, I’ll show you all the places where you can exchange coins for cash for free. Those places include local banks, grocery stores, and credit unions.
Where Can I Change My Coins For Cash For Free?
Best Places To Cash Coins For Free
So, what’s the most convenient way to exchange your coins? Furthermore, is convenience the only factor to consider in the first place?
No, it’s not:
Avoiding any significant fees should be your number one priority. But how do you do that?
Well, knowledge is power. Having said that, here are a few facts to keep in mind when exchanging any of your coins:
Nowadays, most credit unions and big banks offer free coin-counting services to their clients. However, they can also restrict your free coin exchanges during each visit to their establishments.
Let’s look at the places where you can turn your loose change into cash for free:
Free Coin Counting At Banks
1) JBT
JBT provides all its bank customers with a great way to count their change without paying. At the time of this writing, the bank has self-serve coin counting machines at all its branches.
As you can guess, non-customers must pay a fee. That fee automatically becomes a charitable donation to the Make Change Count Program.
2) PNC Bank
While searching for answers to the question of where to cash in coins for free, PNC Bank will pop up. Is that bank one of the best places to manage your loose coins?
I’m sure you can decide that for yourself:
PNC Bank will deposit your rolled coins into your account. All you must do is visit one of its local branches and make your deposit. Don’t be surprised when tellers provide you with free coin wrappers!
3) Manasquan Bank
Currently, Manasquan Bank doesn’t have free coin-counting machines at each of its branches. I wouldn’t visit any branch locations until I could exchange coins on-site.
Anyone with a bank account can deposit their coins for free, but non-clients must pay a 15% redemption fee.
4) Bank of America
It’s impossible to discuss the most popular U.S. Bank that lets you cash in coins for free without mentioning Bank of America. A Member FDIC, that bank expects coin rolls from its clients.
In other words, the first thing you must do before visiting the bank is to ensure that your coins are in full rolls.
5) Wells Fargo
Another well-known bank that provides coin counters for its clients is Wells Fargo. That financial institution will not charge you a service fee if you are its customer.
Is Wells Fargo the local bank you count on? All account holders, please count the exact number of coins and exchange them at the nearest branch.
6) Chase
Sometimes, any bank can experience a coin shortage. That’s why many banks encourage their clients to deposit their coins.
Chase Bank certainly does! Not all its branches accept them, though.
Checking if your branch allows customers to cash coins is a good idea. Do you want to make the trip to the bank if you won’t have access to coin exchange services?
7) Citizens Bank
Should you consider Citizens Bank as a suitable answer to the question of where to cash in coins for free? There is no doubt in my mind:
That bank is a good option to consider if you have loose change or rolled coins amounting to $20. The establishment allows you to choose between depositing your coins or exchanging them for cash.
Credit Unions With No Or Low Fees
Suncoast Credit Union
Firstly, Suncoast Credit Union only accepts loose coins. Don’t bring rolled coins, hoping that the coin machines available will accommodate them.
Secondly, Suncoast has a processing fee you must pay. Members pay 5%, and nonmembers pay 10%.
State Employees’ Credit Union
State Employees’ Credit Union operates a bit differently. That establishment provides a Coinstar counter to complete the job on its behalf.
Such a service is only available to members. Assuming you are one, feel free to deposit the coins into your SECU checking or CPG account (you can access them through your SECU debit card).
An alternative option is to take your coins to a teller, receive your cash, deposit it, or make a loan (or a credit card payment).
Penn East Federal Credit Union
Penn East Federal Credit Union is one of your best options if you are a client, considering members don’t have to pay any fees.
As you can guess, nonmembers can’t cash in or exchange coins for free (they must pay a 2% fee).
Retail Stores And Kiosks That Accept Coins
I already mentioned visiting a convenience store that allows you to exchange coins for cash. But which stores do that?
See for yourself:
QuickTrip
QuickTrip is a convenience store you might already be familiar with. It’s also one of the popular gas stations you have likely visited.
Exchanging your coins for cash at QuickTrip is often free. Still, the store may charge a service fee (that depends on the location).
Turning your coins into cash through QuickTrip is an excellent option for anyone who doesn’t want to waste time becoming a bank member or opening a card account.
Target
Is there anyone who hasn’t been to Target?
Assuming you have, you have noticed the Coinstar machines most people use to exchange their coins. Let’s discuss them in detail, shall we?
Coinstar Coin Counting Machines
Let’s see: how many of you own a piggy bank that is currently overflowing with coins? Assuming most of you do, feel free to stop researching where you can cash in coins for free:
A Coinstar kiosk is the most obvious answer!
There is much you might want to know about the Coinstar Machines. For instance, you may wish to become familiar with the Trademarks of Coinstar Asset Holdings, its associated logo, or its identity verification process. The latter is necessary when using specific financial services, such as a cryptocurrency transaction through Coinstar’s wallet.
However, this article is not the place to teach you about the value of any cryptocurrency or other digital assets. Do you really need to know that Coinstar’s cryptocurrency services provider is Zero Hash Liquidity Services LLC (Zero Hash LLC)?
No, you don’t! Instead, let’s focus on the easiest way to manage your spare change at Coinstar:
What Is Coinstar?
How about I cover Coinstar briefly?
Coinstar is a popular service that offers counting machines to the general public. More often than not, you can find these machines in grocery stores or retailers.
Using a Coinstar service provides an easy way to convert your change into cash. Of course, you can exchange your coins for an e-gift card option (Amazon gift cards are sometimes better than cash rewards).
Considering this article focuses on where to cash in coins for free, I’ll skip the irrelevant details about Coinstar. As I said, you don’t need me to cover any event of Coinstar that doesn’t deal with exchanging coins. There is no need to discuss the service as a way to manage your cryptocurrency assets either.
How Can I Find Coinstar Machines Near Me?
Locating a Coinstar machine to convert your coins into cash or gift cards will not be an issue:
One way that works is Google Maps. Another option you can count on is Coinstar’s website.
That website gives you access to the Coinstar Kiosk Locator.
Coinstar Fees
Unfortunately, Coinstar’s fees are not low:
Nowadays, Coinstar charges a 11.9% transaction fee each time you use its counting machines to convert coins into money. You don’t have to take my words at face value:
As soon as you convert your first bag of coins, you’ll have to pay such a processing fee: it’s unavoidable!
The only way to avoid paying these fees is to choose the e-gift card option instead of cash when converting your coins.
What about the Coinstar debit card? Will having one make any difference?
It will, but only if you’re interested in turning coins and cash into digital spending power. There is no need to worry when using that card:
Your money is insured by the Federal Deposit Insurance Corporation (FDIC), which applies even if the lead bank fails.
What are the specific deposit insurance requirements? The insurance above applies to any deposit of up to $250,000.
How To Turn Coins Into Cash
- Start by sorting your coins by type: I doubt that anyone needs further explanation about that!
- See if your bank offers a free coin deposit: You should avoid paying any small fee.
- Check if your bank requires coin wrappers: Some banks don’t allow clients to exchange coins if they are not wrapped.
- Visit a teller to complete the purchase execution: As you already know, you can also do that through a Coinstar machine.
- Deposit or receive your cash: This last step is self-explanatory!
Where To Cash In Coins For Free FAQs
Are Counting Machines Accurate?
Typically, most sorting and counting machines that allow you to exchange coins for cash are accurate. However, all machines make mistakes sometimes:
It’s possible to find a counting machine that makes an error when counting your coins. More often than not, a counting machine’s accuracy depends on its maintenance and location.
Are There Alternatives To Coinstar For Cashing In Coins?
Yes, there are many alternatives to Coinstar you can rely on once you are ready to cash in your coins. And what those alternatives might be?
Feel free to visit your local bank branch or a credit union. Many grocery stores also have counting machines their clients can use.
Check in advance to ensure that your chosen location and place of business have such machines to avoid wasting your time and energy.
How Much Does Coinstar Take Out of $100 When Exchanging Coins?
Currently, Coinstar charges a flat fee of nearly 12% for cashing in coins. In other words, you’ll receive $88 when you exchange $100 worth of coins through Coinstar.
Where Can I Cash In Coins For Free?
Anyone can cash in coins for free in multiple establishments, including banks, credit unions, and certain grocery stores.
Banks like U.S. Bank, Bank of America, and TD Bank have counting machines you can use. Credit unions like the American Eagle Federal Credit Union and stores like QuickTrip also allow clients to exchange coins for cash.
Does Walmart Offer Free Coin Exchange Services?
Unfortunately, Walmart doesn’t offer free coin exchange services at this time. But many Walmart locations have Coinstar machines you can use instead.
My Closing
Do I have to keep writing on this topic? Isn’t it already clear where to cash in coins for free?
I hope that it is:
You have more than enough answers to those questions, and each offers a convenient way to exchange your coins for money.
Is there something you want to ask me about this subject?
That’s what the comments section below is for!
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