Community State Bank announced on Thursday that it would buy your coins amid the U.S. coin shortage.
The bank recently launched its Coin Buy Back Program to assist local businesses that are being affected by the coin shortage.
The program offers a $5 bonus for every $100 worth of coin turned in at any Community State Bank location. Bank customers and non-bank customers are welcome to redeem this offer for up to a max coin bonus of $500.
Those who turn in their coins will also not be charged for coin counting transactions.
“We are certainly encountering crazy times,” said Assistant Vice President, Retail Operations Director, Katie Stolp. “Our goal from this program is to provide local business owners with the funds and tools they need to run their business. Many other financial institutions charge up to 10% of the value for coin counting. We’re not only waiving that charge, but paying community members to bring us their coin.”
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