Chase removing coin-counting machines

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Chase will stop accepting large amounts of loose coins July 1. | Sun-Times file photo

JPMorgan Chase is getting out of the coin-counting business.

Chase is telling customers it will not accept large amounts of loose change beginning July 1. Customers must roll their coins.

“Counting coins, whether manually or via a machine, slows service to our customers,” spokeswoman Christine Holevas said Tuesday in an email. “We will accept small amounts of coins (value is less than a full roll) and are giving out the wrappers.”

The Chicago area is among the last markets where JPMorgan Chase has coin counters, Holevas said.

Coin-counting machines are costly for banks to operate and maintain — it’s why banks charge (non-customers) to use them. Meanwhile, people are using the machines less because they’re more likely to use debit and credit cards instead, which means cash is not being exchanged. — MyBankTracker.com

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