Can a Bank Legally Refuse Your Coin Deposits?

Discover if banks can refuse your coin deposits and learn about their policies on coins.

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Yes, a bank can refuse to take your coins, especially if they don't have the facilities to handle large quantities. Check your bank's policy on coin deposits and consider rolling your coins to make them more manageable. Alternatively, look for banks or credit unions that offer coin-counting services.

FAQs & Answers

  1. What should I do if my bank won't accept my coins? You can roll your coins for easier handling or seek alternative banks that offer coin-counting services.
  2. Are all banks required to accept coins? No, banks have their own policies regarding coin deposits and may refuse large quantities if they cannot process them.
  3. How can I find a bank that accepts coin deposits? Research local banks and credit unions to find those that specifically offer coin-counting services.