U.S. Bank, Coinstar expand partnership to offer convenient coin deposit options

Bank clients can now directly deposit coins at more than 10,000 retail kiosks and 100+ branches nationwide

U.S. Bank and Coinstar today announced an expansion of their partnership, giving U.S. Bank clients more ways to deposit coins directly into their checking accounts. Following a successful pilot at four branches, Coinstar’s Transfer to Account service is now available at more than 100 U.S. Bank branches and over 10,000 Coinstar kiosks in retail locations nationwide. The expanded service complements the bank’s 2,000 branches and robust digital capabilities to make everyday banking more convenient.

“We’re committed to delivering flexibility and convenience for essential banking services – whether that’s in person, online or on the go,” said Sekou Kaalund, head of branch and small business banking at U.S. Bank. “This expansion with Coinstar helps us do just that by leveraging their unique scale in retail locations and integrating automated coin deposit capabilities into our branches.”

Clients can use the service by visiting a participating retail or in-branch kiosk, swiping their U.S. Bank debit card and depositing loose coins, which are counted and instantly transferred to their checking account. Many kiosks also offer options to donate coins to select charities or convert them into no fee eGift cards.

“We are excited to partner with U.S. Bank and help them grow their deposit network and in-branch capabilities, leveraging the network Coinstar has built over the last three decades,” said Kevin McColly, CEO of Coinstar.

Transfer to Account-enabled kiosks are available in more than 400 retail chains, providing access to banking services outside of branch hours. To date, more than 48,000 U.S. Bank clients have used the service.

To find a Coinstar kiosk location at a retail or a U.S. Bank branch, visit usbank.com/Coinstar.