How to Exchange Loose Change for Dollar Bills

A small pile of dollar bills and loose change.
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Loose change quickly adds up, and when it does it can be a hassle to roll or use at a store. Banks and kiosks offer services to exchange your coins for cash, but this can be costly. To avoid fees contact your bank and ask if it offers the service for free to its customers.

Services in Major Banks

Teller hands counting coins
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Some banks and credit unions will sort and count your change and provide you with bills. Depending on how much change you have, the teller will either count the coins manually or use a machine to calculate the value in the change. She will then either give you cash or deposit the proceeds into your account. Alternatively, the bank will have a self-serve coin counting machine on-premise that produces a slip that you present to a teller in exchange for cash.

Not all banks do this for free. For example, TD Bank offers free coin counting services for its personal banking customers but charges a fee for small business account holders and non-customers. As of 2015, the fees are 3 percent of the total cash value of the coins for small business customers and 8 percent for non-TD clients.

To find out if your bank will count your change and give you cash, call ahead and ask about its policy. Determine what information you'll need to bring, such as personal identification and a bank account number.

Coin Counter Kiosks in Retailers

Coin slot on a kiosk machine
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Many retailers have stand-alone kiosks in their stores. These machines count the coins but deduct a fee for the service. You will receive a voucher that you can either use to make purchases in the store or cash out with a cashier. You might avoid having to pay the fee if you choose to receive a gift card instead of a voucher.

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