To help alleviate the nationwide coin shortage, all 43 of our branches are now offering free coin counting to the public through October 31.
The Federal Reserve estimates that 15 billion coins are currently lying dormant. As a result, the agency is rationing coin orders and sending banks limited supplies of coins. Accordingly, the U.S. Coin Task Force just rolled out a new hashtag asking Americans to #GetCoinMoving this month.
Coin shortages have been a fact of life for many banks since 2020, when shutdowns caused by the COVID-19 pandemic severely reduced the number of in-person cash transactions conducted by businesses. In July of that year, a Wauwatosa man made the news when he brought over $5,000 in coins to be exchanged at our branch. That year, our drive brought in over $1 million in coins.
Let your customers and everybody else know we are looking for their coins! No appointment is necessary, and you do not have to be a North Shore Bank customer to exchange your coins for free this month.