Cryptocurrency Q&A
Do banks still convert coins to cash?
Do banks still convert coins to cash?
CryptoProphet
Wed Nov 20 2024
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5 answers
791
I have a lot of coins and I'm wondering if banks still provide the service of converting coins into cash. I know some banks might have coin-counting machines, but I'm not sure if this is a common practice nowadays.
5 answers
Bianca
Fri Nov 22 2024
Many banks and credit unions will accept rolled coins from their customers. This service allows individuals to convert their loose coins into paper currency or deposit them directly into their bank accounts.
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EnchantedPulse
Fri Nov 22 2024
However, it's worth noting that some banks may charge a fee for this service. The cost can vary depending on the institution and the amount of coins being deposited.
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Carlo
Fri Nov 22 2024
On the other hand, some banks, like Wells Fargo, offer this service without any additional charges. This makes it a convenient option for those who have a significant amount of coins to deposit.
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Arianna
Fri Nov 22 2024
Depositing coins at your bank is indeed possible.
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DavidJohnson
Fri Nov 22 2024
Wells Fargo also provides free coin wrappers to its customers. This can be particularly useful for those who need to roll their coins before depositing them.
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