The fastest way to deposit coins is at a bank branch with a coin counter
Most banks accept coin deposits at their branches during business hours. You bring your coins in, the teller or a coin-counting machine counts them, and the bank credits the amount to your account. This takes 10 to 30 minutes depending on how many coins you have and how busy the branch is. The deposit shows up in your account immediately or within one business day.
Some banks charge a fee for coin deposits if you're not a customer, or if the deposit is very large. Ask your bank what their policy is before you go. If you bank online only and have no physical branch, you'll need to use one of the other methods below.
Bring your coins in a bag or container—do not dump loose coins on the counter. If you have rolled coins (coins already wrapped in paper), the bank will usually accept those as-is without unwrapping them, which saves time.
Key Takeaways
- Bank branches with coin counters are the simplest option and deposit coins the same day or next business day.
- Some banks charge fees for large coin deposits or for non-customers, so call ahead to confirm your bank's policy.
- Coin-counting kiosks at grocery stores and retailers take a percentage (usually 8 to 10 percent) but give you cash or a gift card immediately.
- If you have a very large amount of coins, rolling them yourself and depositing them as wrapped coins avoids fees at some banks.
- Online-only banks may require you to convert coins to cash first, then deposit the cash by check or transfer.
Using a coin-counting kiosk at a store
Grocery stores, laundromats, and retailers like Walmart often have coin-counting machines. You pour your coins into the machine, it counts them, and you receive cash or a store gift card. The machine takes a percentage—usually 8 to 10 percent—as a fee. So if you deposit $100 in coins, you might receive $90 to $92 in cash or credit.
This method is fast (5 to 10 minutes) and you walk away with usable money immediately. The downside is the fee. If you need the coins in your bank account specifically, you then have to deposit the cash separately. This works best if you need cash right away and don't mind paying the fee.
Rolling coins yourself and depositing them
You can buy coin wrappers (paper sleeves for coins) at most banks, office supply stores, or online. Roll your coins yourself—pennies go 50 per roll, nickels 40, dimes 50, quarters 40. Seal the rolls with tape or the wrapper's built-in flap.
Some banks will accept pre-rolled coins without counting them again, which means no fee and faster processing. Call your bank first to confirm they accept rolled coins this way. If they do, you can deposit them at the teller window or sometimes at an ATM (though most ATMs do not accept coins). The deposit posts the same day or next business day.
This method takes time upfront—rolling 500 coins takes 30 to 45 minutes—but saves you money if your bank would otherwise charge a fee for coin deposits.
Depositing coins at an ATM
Most ATMs do not accept coins at all. Some newer machines at certain banks do, but they are not common. If your bank has a coin-accepting ATM, you can deposit coins 24/7 without waiting for a teller. The machine counts the coins and credits your account within one business day.
Check your bank's website or call to ask if any ATMs near you accept coins. If they do, the ATM will have a separate slot or hopper labeled for coins. Do not try to feed coins into a regular ATM deposit slot—they will jam the machine and you may lose your coins.
What happens if you have a very large amount of coins
If you have several hundred dollars or more in coins, contact your bank in advance. Large deposits may trigger reporting requirements or require you to fill out a form. The bank is not refusing your deposit—they are following federal rules about large cash transactions. Be prepared to explain where the coins came from (a business, a collection, inheritance, etc.).
Bring the coins in a secure bag or container. Do not carry thousands of dollars in coins loose in a backpack. If you have rolled the coins, that also makes the deposit faster and easier for the bank to process.
Depositing coins if you bank online only
If you use an online-only bank with no physical branches, you cannot deposit coins directly. You have three options: use a coin-counting kiosk to convert coins to cash, then deposit the cash by check or bank transfer; visit a branch of a partner bank if your online bank has a network; or ask a friend or family member who banks locally to deposit the coins for you (they would need to add the money to their account first).
Some online banks partner with brick-and-mortar banks for limited services. Check your bank's website to see if coin deposits are available at partner locations. If not, converting coins to cash at a kiosk is usually the fastest option, even with the fee.
Coins rejected or damaged coins
Banks will not accept coins that are heavily damaged, bent, or corroded. Foreign coins (coins from other countries) are also rejected. If a coin-counting machine rejects your coins, it will typically spit them out into a tray. You can try depositing them at a bank branch and ask a teller to look at them, but the bank is not required to accept damaged currency.
Coins that are extremely rare or valuable should not go through a coin counter or bank deposit—take them to a coin dealer or appraiser first. A bank will treat them as face value only.
Frequently Asked Questions
Do I have to roll my coins before depositing them at the bank?
No, but rolling them can save you money. If your bank charges a fee for coin deposits, pre-rolled coins may bypass the fee. Call your bank to ask their policy. If they count all coins anyway, rolling saves you time but not money.
Can I deposit coins at a different bank than the one I use?
No. You can only deposit coins into an account you own. Some banks allow non-customers to exchange coins for cash, but they will not deposit coins into someone else's account. If you need to deposit coins into another person's account, that person must do it themselves or add you as an authorized user.
How long does it take for a coin deposit to show up in my account?
Deposits made at a teller window or ATM during business hours usually post the same day or next business day. Deposits made after hours or on weekends post on the next business day. Check your bank's deposit policy for exact timing.
What if the coin counter at the store gives me the wrong amount?
Most coin-counting kiosks are accurate, but errors happen. If you notice a large discrepancy, contact the store manager immediately. Some machines print a receipt; if yours did, bring it with you. The store may not be able to refund you, so count your coins before using the machine if the amount is large.
Can I deposit coins by mail?
No. Banks do not accept coins by mail because they can be lost or damaged in transit, and the bank cannot verify the amount. You must deposit coins in person at a branch, ATM, or kiosk.