Most banks accept rolled coins, but policies vary by branch and account type
Yes, banks still accept rolled coins. However, the process is not automatic. Some banks will take rolled coins from customers with accounts at no charge, others charge a fee, and some branches have stopped accepting them altogether. The answer depends on your bank, whether you have an account there, and how much coin you're depositing.
The shift away from coin acceptance started before the pandemic and accelerated during it. Fewer people use cash, fewer businesses need coins, and coin-counting machines are expensive to maintain. Many banks now treat rolled coins as a service they provide selectively rather than a standard transaction.
If you have rolled coins to deposit, call your branch first. A five-minute phone call will tell you whether they accept them, whether you need an account, and whether there's a fee. Do not assume your bank's policy matches what you remember from years ago.
Key Takeaways
- Call your bank's branch directly before bringing rolled coins, because policies differ between banks and even between branches of the same bank.
- Banks that do accept rolled coins usually require you to have an account with them and may charge a fee for deposits over a certain amount.
- Coin-counting machines at grocery stores and laundromats charge a percentage fee but do not require an account or a phone call first.
- If your bank refuses rolled coins, credit unions, local check-cashing services, and coin dealers are alternatives worth checking.
What major banks' policies are on rolled coins
Bank of America accepts rolled coins from account holders at no charge at most branches, but policies vary by location. Some branches have stopped accepting coins entirely. Call ahead to confirm.
Chase accepts rolled coins from account holders, but many branches now charge a fee for large deposits or have limited hours for coin deposits. Some branches require you to use a coin-counting machine on-site instead of handing over rolls.
Wells Fargo accepts rolled coins from account holders, but the policy is not uniform across branches. Some locations charge a fee; others do not. Again, calling first is the only way to know.
Smaller regional banks and credit unions are more likely to accept rolled coins without a fee, especially if you have an account. Credit unions in particular tend to be more flexible on this than large national banks.
Fees and limits on coin deposits
When banks do accept rolled coins, they often impose limits or fees. A common threshold is $100 to $500 in rolled coins per deposit. Deposits above that may trigger a fee of 5 to 10 percent, or the bank may ask you to use a coin-counting machine instead.
Some banks charge a flat fee—$5 to $10—regardless of the amount. Others charge a percentage of the total. A few still accept rolled coins from account holders at no charge, but these are becoming rarer.
The fee structure is often not posted online. You have to ask. When you call, ask specifically: "What is your fee for depositing rolled coins?" and "Is there a limit on how much I can deposit at once?"
Alternatives if your bank won't take rolled coins
Coin-counting machines at grocery stores, laundromats, and some pharmacies accept loose coins and charge a fee of 8 to 12 percent. You do not need an account, and the process takes minutes. Coinstar machines are the most common brand. The downside is the fee; the upside is speed and no phone calls.
Credit unions often have more lenient coin policies than banks. If you belong to a credit union, ask them first. If you do not, some credit unions allow non-members to deposit coins for a small fee.
Local check-cashing services sometimes accept rolled coins, especially if you're also cashing a check. Call first to confirm they handle coins and what their fee is.
Coin dealers and numismatists will take rolled coins, though they are mainly interested in coins with collector value. A local coin shop can tell you in minutes whether your rolls contain anything worth more than face value.
How to prepare rolled coins for deposit
If your bank agrees to take rolled coins, follow their instructions exactly. Most banks want coins rolled in standard paper sleeves—the kind you can buy at any bank or office supply store. The rolls should be tight and the paper should be intact.
Coins should be sorted by denomination before rolling. A roll of pennies holds 50 coins ($0.50), a roll of nickels holds 40 coins ($2.00), a roll of dimes holds 50 coins ($5.00), and a roll of quarters holds 40 coins ($10.00). If your rolls do not match these counts, the bank may refuse them or charge you to recount and reroll them.
Bring your rolled coins in a bag or container that makes them easy to count. Do not dump loose coins on the counter and expect the teller to sort them. That is not a service banks provide anymore.
What changed with coin availability during the pandemic
The Federal Reserve reported a coin shortage in 2020 and 2021, which led many banks to limit coin deposits and withdrawals. Even though the shortage officially ended, many banks kept the restrictions in place. Some branches still limit how much coin you can deposit or withdraw in a single transaction.
This is not a legal restriction—the Federal Reserve still produces coins and banks can order them. It is a business decision by individual banks to reduce the cost and labor of handling physical coins. The restrictions may ease over time, but there is no timeline for that.
Frequently Asked Questions
Can I deposit rolled coins at an ATM?
No. ATMs do not accept rolled coins. You must go inside the branch and speak to a teller. Some banks have coin-counting machines in the lobby that accept loose coins, but these are separate from ATMs and charge a fee.
Do I need a bank account to deposit rolled coins?
Most banks require you to have an account with them. A few will accept rolled coins from non-account holders for a higher fee, but this is rare. Credit unions are more likely to accept non-member coin deposits than banks are.
What if my bank says they don't accept rolled coins anymore?
Ask whether they have a coin-counting machine on-site that you can use. If not, try a credit union, a local check-cashing service, or a Coinstar machine at a grocery store. You will pay a fee at Coinstar, but it is faster than calling multiple banks.
Can I mail rolled coins to my bank?
No. Banks do not accept coins by mail. Coins are heavy, and the postal service charges by weight. Bring them to a branch in person or use a coin-counting machine.
Are there banks that still accept unlimited rolled coins for free?
Some smaller regional banks and credit unions still do, but they are not common. Call your bank or a local credit union to ask. Do not assume any bank's policy based on what you remember from the past.