Chase accepts coins, but with conditions and limits that vary by branch and account type
Yes, Chase Bank does take coins. However, the process is not as straightforward as walking in with a jar and leaving with a deposit. Chase will accept coins from customers, but most branches require coins to be rolled in paper coin wrappers or deposited through a coin-counting machine. Some branches may refuse loose coins or charge a fee for processing them, depending on the volume and the branch's policies.
The specifics depend on whether you have a personal checking account, a business account, or neither. Chase also partners with Coinstar machines in some locations, though Coinstar charges a percentage fee for converting coins to cash or a gift card. Your best option is to call your local Chase branch before you go, because policies differ between locations.
Key Takeaways
- Chase accepts rolled coins from account holders, but loose coins are often refused or require advance notice to your branch.
- Most Chase branches require coins to be wrapped in paper coin wrappers before deposit, or counted through a machine if the branch has one.
- Business accounts may have different coin deposit policies than personal accounts, so confirm with your branch.
- Coinstar machines at some Chase locations charge a percentage fee (typically 10 to 12 percent) to convert coins to cash or gift cards.
- Calling your branch ahead of time is the fastest way to learn what they will accept and whether they charge a fee.
How to deposit rolled coins at Chase
If your coins are already wrapped in paper coin wrappers, most Chase branches will accept them as part of a normal deposit. Bring your wrapped coins with your deposit slip and account information. The teller will count them or accept them at face value if they are properly wrapped and sealed.
If you do not have coin wrappers, you can buy them at most Chase branches, grocery stores, or online. Standard wrappers hold 50 pennies, 40 nickels, 25 dimes, or 20 quarters. Rolling coins yourself takes time but costs almost nothing. Some branches have coin-counting machines on-site that can wrap coins for you, though not all do.
What happens if you bring loose coins
Loose coins are a problem for most Chase branches because they take time to count and verify. Many branches will refuse loose coins outright or ask you to come back after rolling them. Some branches may accept loose coins if you call ahead and give them notice, but this is not may provide.
If a branch does accept loose coins, they may charge a fee or ask you to wait while a teller counts them. The fee varies by location and is not a standard Chase policy, so it depends on the individual branch manager's decision. This is why calling ahead is worth the five minutes it takes.
Coinstar machines and other alternatives
Chase has partnered with Coinstar in some locations, placing coin-counting machines in branches or nearby grocery stores. Coinstar machines count your coins and can convert them to cash (minus a fee) or a gift card to certain retailers. The fee is typically 10 to 12 percent of the total, so a jar of 100 dollars in coins would cost you 10 to 12 dollars to convert.
If you want to avoid the Coinstar fee, rolling coins and depositing them at Chase is free. If you do not have time to roll coins and your branch does not have a coin machine, you can also ask your bank if they offer a coin-counting service for account holders. Some credit unions and smaller banks offer this for free or at a lower cost than Coinstar.
Business accounts and coin deposits
Chase business accounts may have different policies for coin deposits than personal accounts. Some business branches have coin-counting machines available to business customers, while others require coins to be rolled. If you have a business account, ask your business banker about the process at your branch.
Large coin deposits from a business may require advance notice. If you are depositing more than a few hundred dollars in coins, call your branch manager ahead of time to confirm they can process it and whether any fees apply. Some branches may ask you to use a third-party coin-counting service for very large amounts.
How to prepare coins for deposit
The easiest way to prepare coins for Chase deposit is to sort them by denomination and roll them in paper wrappers. Wrappers are color-coded: pennies are red, nickels are blue, dimes are yellow, and quarters are white. Fill each wrapper to the line marked on the outside, fold the ends, and stack them neatly.
Write your account number on the deposit slip and list the total amount of coins you are depositing. If you have a large amount, bring it in a bag or container that is easy to carry. Some branches appreciate a heads-up call the day before if you are bringing in more than a few rolls, so they can have a teller ready to process it quickly.
What to do if your branch refuses coins
If your local Chase branch refuses to take your coins, you have several options. First, ask the branch manager if there is a specific reason for the refusal and whether they would accept rolled coins or coins deposited through a machine. Sometimes the refusal is about loose coins only, not all coins.
If the branch still refuses, you can try a different Chase branch in your area, as policies vary. You can also use a Coinstar machine if one is nearby, deposit coins at a credit union, or roll them and keep them for future use. Some grocery stores and retail chains also have coin-counting machines, though they typically charge a fee similar to Coinstar.
Frequently Asked Questions
Can I deposit coins without rolling them first?
Most Chase branches will not accept loose coins, but some may if you call ahead and give them notice. It depends on the individual branch. Rolling coins yourself is free and takes about 20 to 30 minutes for a large jar, so it is usually the fastest way to get them deposited without hassle.
Does Chase charge a fee to deposit coins?
Chase does not charge a standard fee for depositing rolled coins from account holders. However, some branches may charge a fee for processing loose coins or for using a coin-counting machine. Call your branch to ask about their specific policy before you go.
Where can I get coin wrappers?
Coin wrappers are sold at most Chase branches, grocery stores, drugstores, and online retailers. They cost very little, usually less than a dollar for a pack of 50 wrappers. You can also ask a Chase teller if they have extras to give you, as some branches hand them out for free.
What is the Coinstar fee, and is it worth it?
Coinstar charges 10 to 12 percent of the total coin value to convert coins to cash or a gift card. For example, 100 dollars in coins costs 10 to 12 dollars. If you have time to roll coins, depositing them at Chase is free and saves you the fee. Coinstar is faster if you do not want to spend time rolling.
Can I deposit coins at an ATM?
Most Chase ATMs do not accept coins. You will need to go inside the branch and deposit coins with a teller. Some branches may have a coin-counting machine in the lobby that feeds into your account, but this is not available at all locations. Call your branch to ask if they have one.