Looking to know where to cash coins for free near (me) you ?
Loose change can quietly build up over time. Whether it’s sitting in a jar, under the couch cushions, or scattered in your car’s cupholder, you might be surprised by how much value is hiding in plain sight. But once you’ve collected your coins, what’s the best way to turn them into usable cash without losing money to fees?
Knowing where to cash coins for free can save you time and money. While some machines are quick and convenient, they often come with hidden costs. This guide breaks down the top places where you can cash coins for free, so you can keep every cent you’ve saved.
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Why Finding the Right Place to Cash Coins for Free Matters
Most people reach for the nearest coin-counting machine, thinking it’s the easiest option. But those machines often come with a hefty price tag—fees as high as 11.9%. That means if you’re cashing in $100 in coins, you could lose almost $12 instantly.
If you want to avoid those fees, knowing where to cash coins for free becomes incredibly important. With a little research, you can find several options that let you turn your change into cash without giving up a percentage.
The Hidden Costs of Coin Exchange Machines
Coin-counting kiosks are widely available, but convenience comes at a cost. In addition to high fees, some machines may:
- Round down your total
- Reject certain coins
- Only offer gift card payouts (with no cash option)
That’s why looking for free coin cashing options is a smart financial move.
Wells Fargo
If you’re a Wells Fargo customer, you’re in luck. Most branches allow customers to cash coins for free, either as a direct exchange or as a deposit into your account.
Some branches may require you to roll the coins ahead of time, so it’s wise to call your local branch first. If you’re not a customer, however, the service may not be available to you.
Credit Unions
Credit unions are often the best-kept secret when it comes to cashing coins for free. Many offer coin-counting machines for members without any fees. Some even allow non-members to use their services, especially in smaller communities.
Check with your local credit union to see if they offer free coin exchange. Joining a credit union can also provide other banking benefits.
U.S. Bank
U.S. Bank is another top option for customers looking to cash coins for free. Many branches accept unrolled coins and will either deposit them into your account or exchange them for bills.
Non-customers may not have access to this service, but account holders should have no trouble using it.
Chase Bank
Chase offers coin exchange services at select locations, primarily for existing account holders. Not all branches have the capability to accept coins, so calling ahead is essential.
In some cases, you may not need to roll your coins beforehand. If your local branch offers this service, it’s a great way to cash coins for free with minimal hassle.
Bank of America
Bank of America does allow coin deposits, but there’s a catch: you’ll need to roll your coins first. Once rolled, you can bring them into your local branch and either deposit them into your account or request cash.
While it takes a bit of effort, this is still a great way to cash coins for free if you’re already a customer.
QuikTrip
Surprisingly, QuikTrip convenience stores have offered coin exchange programs during times of coin shortages. Some locations allow you to cash coins for free in exchange for gas or store credit.
You may be required to roll the coins ahead of time, so be prepared. Since not all locations offer this service, a quick phone call can confirm whether your nearby QuikTrip is participating.
Target (Coinstar Machines)
Many Target locations have Coinstar machines available. These are user-friendly but typically charge a 11.9% fee for cash payouts.
How to Cash Coins for Free at Coinstar:
Choose the e-gift card option instead of cash. Coinstar waives its fee when you opt for a gift card, with choices like:
- Amazon
- Starbucks
- Apple
- DoorDash
- Nike
If you already shop at these retailers, this is an easy way to cash coins for free and avoid losing money to fees.
Coinstar Coin Counting Machines
Coinstar machines are widely available at grocery stores and retailers. While convenient, they usually charge a fee of 11.9% if you want cash.
How Coinstar Works:
- Find a machine near you.
- Pour your coins into the tray.
- Choose your payout method (cash, gift card, or charity).
- Collect your voucher and redeem it.
Avoid Coinstar Fees:
Opt for a gift card to avoid the cash fee. This is one of the easiest ways to cash coins for free using Coinstar machines.
How to Roll Coins for Easy Exchange
Some banks require you to roll coins before accepting them. Here’s how to do it:
- Sort by denomination (pennies, nickels, dimes, quarters).
- Get coin wrappers (free at most banks or cheap online).
- Count and fill the wrappers:
- Pennies: 50 coins = $0.50
- Nickels: 40 coins = $2.00
- Dimes: 50 coins = $5.00
- Quarters: 40 coins = $10.00
- Label and seal the rolls.
- Take to your bank for deposit or exchange.
It’s a little time-consuming but worth it if you want to cash coins for free without using a machine.
Frequently Asked Questions
Can I cash coins for free at any bank?
Not all banks offer this service to non-customers. If you have an account, you’ll have more options to cash coins for free at your bank.
Is Coinstar ever free?
Yes, if you choose a gift card or donation, Coinstar waives the processing fee.
What’s the best way to avoid fees when cashing coins?
- Use your own bank or credit union.
- Roll your coins ahead of time.
- Choose gift card options at Coinstar.
Can I roll coins myself?
Absolutely. It’s simple, requires minimal supplies, and helps you avoid machine fees.
Conclusion
Finding the best place to cash coins for free can help you keep more of your hard-earned money. While machines like Coinstar are convenient, they often come with fees that eat into your total. Instead, check with your bank, local credit union, or even community-focused stores like QuikTrip.
If you’re willing to roll coins or take gift cards instead of cash, there are plenty of ways to avoid those pesky fees. With a little effort, you can turn your coin jar into a free and full payout.
Start today—gather up your change and use these tips to cash coins for free and make the most of every cent!