If too many coins are counted, manually counting them could be draining and stressful. Hence some organizations like the banks have provided coin counting machines. However, not all banks still have a coin-counting machine, and some require that customers use coin rolls. For banks that still offer the coin counting machine, customers and non-customers either use it for free or pay a fee as their commission. Here is a rundown of the banks that have counting machines.
What Banks Have Free Coin Counting Machine?
First and foremost, we will list all the banks that still offer the coin counting machine services; then, we will identify the banks that charge a fee for using the machine. Here is a list of banks that offer coin counting machine services:
Cape Bank: Cape Bank provides free coin counting machine service to customers and non-customers. American Eagle Federal Credit Union: The American Eagle Federal Credit Union provides customers free coin counting machine services. Republic Bank: Republic bank provides free coin counting machine services to customers and non-customers. First County banks also provide coin counting machine services. JBT Banks provides coin counting machine services to customers for free. Liberty Bank also provides coin counting machine services. Hancock County Savings banks also provide coin counting machine services. US Bank provides coin counting machine services, but only for customers. Apple River Bank provides coin counting machine services. Home State Bank provides Free Coin Counting machine Services to Customers. Republic banks also provide coin counting machine services. The last on my list is TCF National Bank. This Bank provides free coin counting machine services to customers.
Banks That Charges A Fee To Non-Customer
Here is a list of five(5) banks that charge commissions to use the coin counting machine.
JBT: Although JBT offers free coin counting machine services to customers, they charge a 5% fee to non-customers. Home State Bank: Although Home State Bank also Provides free coin counting machine services to customers, it charges a 10% fee for non-customers. People’s United Bank: People united Bank is also accessible for customers, but it charges an 11% fee for non-customers. American Eagle Credit Union: This Bank also provides free coin counting machine service to customers, but for non-customer, it charges a 10% fee. TCF National Bank also provides free services to customers but charges a 10% fee for Non-customers.
With the above, it is safe to say that customers have an advantage with most banks that provide coin counting machine services over non-customers. Almost all banks offer free coin counting machine services to customers but charge a fee for non-customers.
Banks That Require Customers To Use Coin Rolls
Some banks once offered coin counting machine services to both customers and non-customers but stopped due to the cost of maintenance. Some of these banks only accept rolled coins for cash. Here is a rundown of some of those banks.
Chase BankCapital OneBB&T BankBank of AmericaPNC BankTD BankCiti Bank
Is It Difficult To Roll Coins?
As stated earlier, some banks only accept rolled coins, and they are primarily national banks. Therefore, to deposit this coin, you first need to know the requirements of your Bank where you want to deposit the coin. This is because some banks also accept coins of a particular value; you wouldn’t want to waste your time sorting out coins only for them to get rejected by your Bank.
To roll a coin, you need the coin wrapper. The coin wrapper can be given to you by your Bank, and it is mostly free, although some other banks require you to pay for it. It can be frustrating and tedious to sort and wrap your coin yourself. If you have too many spare changes, using a bank that has a coin counting machine makes the process easier.
As long as you already have the coin sorted out, rolling the coin is easy. All you have to do is put the correct number of coins into the correct wrapper.
CONCLUSION
The purpose of the coin counting machine is to allow its users to exchange their spare change for money. Although it is no longer available, some banks still offer this service. In addition, although most national banks no longer have coin-counting machines, you can substitute rolled coins as money.
Do banks give coin roll wrappers for free?
Answer: Most banks give coin roll wrappers for free, but you may need to pay for them for others.
Do coins undergo weight tests at the Bank?
Answer: Most banks have a set weight test. They use a weight test parameter to measure the coin, and if your coin is below that required, it may be rejected.
How can I efficiently use a local coin counting machine?
Answer: The first thing you need to do is ensure that your coin is dry, then click the start button and dump all your coins in the machine. The machine will then begin to count the coin, and then it will bring a receipt that shows the breakdown of the denominations.
