Exchanging Many Coins for Bills for Free in US

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LonelyJar
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25 Jul 2014, 2:31 am

Over the years, I've found and collected lots of loose change around my house. I know there are some machines in grocery stores that exchange coins for bills, but those machines have a fee. I'm okay with being charged for using a public service, but where could I exchange large amounts of loose change without losing money in return? Do I exchange everything at once? Do I only deal with a few handfuls at a time?



Toy_Soldier
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25 Jul 2014, 8:13 am

You should be able to do it at a bank, but check with them about their specific rules. Some want it rolled, others might not if they have a sorting machine, etc.



arielhawksquill
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25 Jul 2014, 9:58 am

Yeah, you just take it to your bank and they put it in the sorting machine and give you paper money back (or deposit the sum into your account, if you prefer.)

BTW, those "Coinstar" machines you see some places only charge a fee to give you cash back, but will give you the entire amount in Amazon or Starbucks gift certificates with no fee. When I take my change in to the store I turn it into books and coffee. :)



Raptor
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25 Jul 2014, 12:11 pm

Depends on the bank. My bank does not have a sorting machine and will only accept rolled coins and that's too much hassle if you have a lot of them. I just bite the bullet and go to the grocery store and used their machine for a percentage fee.


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TheBicyclingGuitarist
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25 Jul 2014, 12:26 pm

Change is the only constant. :lol:


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arielhawksquill
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25 Jul 2014, 1:45 pm

Raptor wrote:
Depends on the bank. My bank does not have a sorting machine and will only accept rolled coins and that's too much hassle if you have a lot of them. I just bite the bullet and go to the grocery store and used their machine for a percentage fee.


That's interesting. My bank WON'T accept rolled coins, because the rolls could contain "slugs", Canadian coins, lead fishing weights, or other things that aren't legal tender.