How to Exchange Coins for Cash in Canada: A Step-by-Step Guide

Learn how to easily convert your coins to cash in Canada using banks and stores.

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To change coins to cash in Canada, you can use coin counting machines available at major banks like RBC, TD, and CIBC. Some grocery stores and retail chains like Walmart also provide this service through Coinstar machines, which deduct a small fee. Alternatively, visit your local bank branch and ask if they accept loose coins or require them to be rolled. Different banks have different policies, so checking in advance can save time.

FAQs & Answers

  1. Where can I find coin counting machines in Canada? You can find coin counting machines at major banks like RBC, TD, and CIBC, as well as at grocery stores and retailers such as Walmart.
  2. Do all banks in Canada accept loose coins? Not all banks have the same policies regarding loose coins; it's best to check with your local branch in advance.
  3. Is there a fee for using coin counting machines? Yes, services like Coinstar may charge a small fee for converting coins to cash.
  4. Can I roll my coins to exchange for cash? Some banks may require that you roll your coins. It's advisable to confirm with your local bank what their policy is.