Do you have piggy banks full of coins in your house?
If so, you can exchange your coins for cash for free in many places.
Many people have a habit of collecting coins that are being saved after some grocery shopping, and they don’t find ways to utilize them.
So, this is the time for you to utilize these piggy banks sitting at home collecting dust.
Let’s get started.
Banks
Local Banks are a convenient option for trading coins for money. Such banks allow you to count your coins and change them into cash without a fee. They also provide convenient ways to use Coinstar or free options to trade your coins for money.
1. Chase Bank
Chase Bank is one of the top places to turn coins into money. They offer coin-counting services for customers, but they may require the coins to be rolled. With the coin sorter machines near the entrance, you can easily trade coins for money without hassle.
This is especially convenient if you have a large number of coins that you want to cash in. The Coinstar kiosk at Chase Bank allows you to cash your coins for free and get cash beyond paying any fees. Whether you have loose coins or spare change, Chase Bank will allow you to trade coins and turn coins into money effortlessly.
2. Bank Of America
Bank of America offers convenient options for customers to cash in coins. Whether you are a bank or credit union customer, you can easily exchange your coins without paying a fee.
Moreover, it accepts rolled coins for deposit, making it easy to exchange them for cash beyond additional charges. If you have many coins to cash in, Bank of America can help you cash your coins with their efficient coin counting services.
3. PNC Bank
This Bank offers coin-counting machines in select branches, typically for customers only. Non-customers might have access with a fee or need to roll their coins. For those looking to find coin-counting services, it is a convenient option. Instead of sorting through many coins and moving them yourself, you can bring them to a participating branch and have them counted for you.
This is especially helpful for people who need coins but don’t want to deal with the hassle of counting and rolling them. If you prefer using a third-party service, keep in mind that PNC Bank’s coin exchange services include the option for coin counting. Overall, if you’re looking for a hassle-free way to exchange coins for money, PNC Bank is a convenient choice.
4. TD Bank
This bank used to be well-known for its “Penny Arcade” in penny counting machines, but now customers must roll their coins. Some branches may still assist with counting coins, so it’s worth checking with local branches.
Moreover, many customers have expressed frustration with this change, as rolling coins can be time-consuming and inconvenient, especially for large amounts. Some have opted to use third-party coin-counting services or deposit their coins at a different bank that offers coin-counting machines.
5. Wells Fargo
This offers a Coin retainer service for business customers, where they can install loose coins directly into their account without the need to roll them. This service can save time and hassle for businesses that deal with a high volume of loose change.
Moreover, customers can also request coin wrappers from this bank to help them organize and roll their loose change before installing it. This bank provides various options for customers to deposit and utilize loose change, whether through coin-counting machines, Coin retain services, or simply providing coin wrappers.
Credit Unions
With the recent coin shortage affecting many businesses, credit unions can be a great resource for getting cash for coins without fees. Whether you have $10 or $100 in coins, credit unions are convenient places to count them and place them in your account.
1. Alliant Credit Union
It offers coin-counting services to its members at several branch locations. You can roll your coins and bring them in to trade for cash beyond paying any fees. With options to change your coins or donate to charity, Alliant makes it easy to convert them into usable currency.
Additionally, by allowing members to trade rolled coins for money without paying a fee, this Union demonstrates its commitment to providing convenient and cost-effective services. Whether you have $100 in coins or just a few dollars, you can easily cash your coins at an Alliant branch.
2. Credit Union of Colorado
At Credit Union of Colorado, members can use coin-counting machines to convert their coins into notes without a fee. Non-members can also access this service for a small fee. This is especially helpful during the current coin shortage, as many businesses may not readily accept coins.
Whether you have loose change or rolled coins, the credit union accepts them all, making it easy to gain cash without hassle. Additionally, if you prefer to donate your coins to welfare, the credit union allows you to retain the coins directly into your account.
Coin Counting Machines
Such machines can be found in a variety of retail locations, typically offering consumers a convenient way to exchange their coins for money, gift cards, or even charity donations. Here are six notable brands or types of coin-counting machines:
1. Cummins Allison
Cummins Allison offers high-speed coin-counting machines that are often used in banks and credit unions. They are known for their accuracy and efficiency. You can easily cash coins, which can be an easy task with the help of their services.
2. Scan Coin
Scan Coin brand provides coin and banknote counting solutions. Coin machines are commonly found in financial institutions and various retail environments.
3. Cassida
Cassida produces a variety of money-handling equipment, including coin counters that are more typically used in a business setting to sort and count coins quickly.
4. Royal Sovereign
Royal Sovereign offers a range of coin sorters and counters that are more suitable for office or light retail use. These machines are designed to quickly sort and count coins, making them ideal for small businesses.
5. Magner
Magner is known for its robust coin processing systems; it provides machines that are often used in financial settings and larger retail operations where high-volume coin handling is common.
SuperMarket Exchange Coin Counters
Supermarket trade coin counters are machines located inside supermarkets or grocery stores that count coins and exchange them for paper currency or store credit. Customers can deposit their change into the machine, and it will quickly and accurately count the coins, providing a total amount that can be redeemed in cash, gift cards, or a store credit voucher.
1. Walmart
Walmart hosts machines where you can convert coins to cash, e-gift cards, or donate to charity. Some possible retailers or locations that may host
2. Safeway
Safeway is a convenient place to trade your coins at no cost. They allow you to trade coins and turn them into cash without paying any fees. You can cash in coins at no cost at select locations, making depositing the coins you have accumulated easy.
3. Kroger
It is one of the best places to turn coins into cash for free. They offer coin trade services through their Coinstar machines, allowing you to exchange your coins without paying a fee.
4. CVS
CVS offers a convenient way to trade your coins for dollars without paying a fee. You can find no-cost coin covering at their stores, making it easy to trade your coins for dollars.
5. Rite Aid
Rite Aid offers services where customers can trade coins for dollars without a fee. If you have a large amount of coins and are in need of cash, this can be a convenient option.
Commercial Coin Exchange Services
With the option to cash and exchange coins, you can easily retain the coins or cash in your coins as needed. From receiving coins to charity to simply rolling your coins for future use, these services make it simple to change them into cash beyond any extra fees.
Here are five services, including some better-known options, where you can exchange your coins for money or other forms of payment:
1. Coinstar
Perhaps the most well-known service, Coinstar kiosks are located in many supermarkets and retail stores. They allow you to turn your coins into notes, e-gift cards, or donate to charity, though they typically charge a fee for cash conversions unless you choose a gift card or donation.
Moreover, it offers exchange coin serving where you can cash in your without with paying no fee. Simply use a Coinstar kiosk to exchange rolled coins for dollars or e-gift cards. Avoid coin sufficiency by turning your coins into dollars without the need for coin rolls. You can also donate your coins to charity.
2. Cash Your Coin
This offers an easy way for individuals to trade their coins for dollars. You can cash in coins with no fee by using their services. It offers coin trade services, while some banks accept rolled coins. Cash Your Coin’s service can be an easy and convenient way to change your coins into dollars.
This service offers an easy way for individuals to cash in their coins. You typically need to send your coins to them, and they will count and retain the equivalent amount in your bank account or send a check. Make sure to inquire about how much cash you use for the service and if there are any additional fees.
3. Coin Counting Company (CCC)
It is a full-service coin-counting company that helps businesses and individuals quickly and accurately count, sort, and manage their petty cash. The company provides a range of services such as coin wrapping, coin bagging, coin counting machines, and secure transportation of large quantities of coins to banks.
Moreover, it is a lesser-known service that provides high-volume coin counting primarily for businesses but is also available for individual use in some cases. Services might include counting and converting to cash or retains.
4. The Penny Arcade
It is a classic attraction found in many arcades across the country, where players can trade their coins for cash or change for cash. It’s a convenient way to trade my coins for cash beyond visiting a traditional bank.
Additionally,with a pocket full of 100 in coins, using the Penny Arcade to change into cash can be an easy and efficient process.
5. Kiosk Prepaid Card Exchange
Some coin counting services offer the option to turn your coins into a prepaid card instead of cash or gift cards, which can be a useful alternative for those looking to manage their money through a reloadable card.
This includes the option to trade my coins for cash at convenient locations. With as little as $100 in coins, you can easily change into cash to use for your everyday expenses.
What Are The Steps To Deposit Coins For Free?
Credit unions offer coin wrappers, making the process of counting coins can be an easy task. Banks offer coin trade services, which give you the option of using cash or getting credit at various places where you can cash coins and give them in trade for cash.
Given below are the steps to deposit free coins:
1. Gather all the coins you want to retain in a container or wrapper.
2. Locate a bank branch or credit union that offers coin installments. Some banks may have coin counting or installment machines that allow you to retain coins.
3. Visit the bank branch with your container or coin wrapper filled with coins.
4. Follow the instructions of the bank staff or the coin-counting machine. This may involve pouring your coins into a machine for automatic counting and installing or handing your container to a teller for manual counting.
5. Confirm with the bank that there are no fees associated with installing coins, as some banks may charge a fee for this service. If there are fees, consider installing your coins in smaller amounts to minimize charges.
Benefits of Using Free Coin Counting Services
The benefits of using coin-counting services are as follows:
1. Saves time: Counting coins can be a time-consuming task, especially if you have a large amount to count. Using a free coin-counting service can help you quickly and accurately count your coins, saving you time and effort.
2. Convenience: Many free coin-counting services are available at banks, credit unions, and grocery stores, making it convenient for you to access these services when you need them. You can simply drop off your coins and pick up your cash or install them without the hassle of counting them yourself.
3. Avoid fees: Some banks and coin-counting machines charge a fee for counting coins. By using a free coin-counting service, you can avoid these fees and keep more of your money in your pocket.
4. Accurate counting: Coin counting machines are designed to accurately count coins of different denominations, ensuring you receive the correct amount of money for your coins.
5. Eco-friendly: By using a coin counting service, you can help reduce waste by recycling your coins and putting them back into circulation.
6. Convenient for cash deposits: If you have a large number of coins to retain, using a coin-counting service can make the process easier and more efficient. You can quickly convert your coins into cash or retain them in your account without having to sort and count them yourself.
Wrapping Up
While the need for coins is becoming less common in our increasingly cashless society, they still play a valuable role in certain transactions. Despite the convenience of digital payments, there are still instances where physical coins are necessary.
Many Banks and Credit Unions allow you to trade loose change for cash or gift cards, making it easy to get rid of excess coins cluttering your space. Overall, coin use may be decreasing, but it still has a place in our society, and there are convenient options for managing it.
