How to Deposit Rolled Coins

by Owen E. Richason IV ; Updated September 11, 2015
Rolled coins can be deposited into a bank or credit union account.

If you make a habit of setting aside loose change, you may find an unexpected windfall when counting up all those coins. Most credit unions and bank accounts accept rolled coins and will credit a deposit equal to the same amount. Rolled coins are easier to transport and count because they are already separated. Take advantage of your bursting piggy bank or coin jar by sorting your change.

Separate all coins into individual piles by denomination: pennies, nickels, dimes, and quarters.

Count out each denomination by roll amount. Pennies come 50 cents to a roll, nickels are $2 to a roll, dimes are $5 per roll, and quarters have $10 in each roll. Insert each into the appropriate coin sleeve.

Complete a deposit slip. In general, checking and savings account deposit slips itemize deposits by check, cash, and coin. Fill out the deposit slip according to its itemization and total the coin deposit amount.

Take the coins into your bank or credit union's lobby. Give the rolled coins to the teller to count, along with your deposit slip.

Receive your deposit receipt. Once the teller confirms the deposit amount, she will print and hand you a receipt for your deposit.

About the Author

Owen Richason grew up working in his family's small contracting business. He later became an outplacement consultant, then a retail business consultant. Richason is a former personal finance and business writer for "Tampa Bay Business and Financier." He now writes for various publications, websites and blogs.

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