Q:

Where can you cash in loose change?

A:

Quick Answer

Most banks and credit unions accept loose change as a deposit or in exchange for paper money, though they may restrict this service to members with accounts. Coinstar machines are another option commonly found at retail and grocery establishments throughout the United States.

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Full Answer

Banks may require customers to sort and wrap their change in rolls. Some banks provide these rolls for free. Many retail stores also sell them for purchase.

As of November 2014, Coinstar machines charge a fee of 8.9 percent of the total in return for sorting and counting coins. The machines issue a voucher that usually can only be used at the store housing the machine. They also often offer the alternative option of receiving the funds in the form of a gift card for partner companies, such as Amazon and Best Buy, without a fee.

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