If you’ve walked into a bank with jars of coins lately, you may have noticed something surprising—they’re not as eager to take them as they once were. The reality is that banks aren’t exactly “refusing” coins, but many have quietly changed their policies. Large national banks have reduced or eliminated coin-counting services, and some now require coins to be rolled or deposited only by account holders.
At the same time, the U.S. has stopped producing pennies, which has created supply and handling challenges for financial institutions. All of this adds up to a frustrating experience for anyone trying to cash in years’ worth of spare change. Understanding what’s really happening can help you avoid wasted trips and missed opportunities.
