Banks Are Paying People to Bring in Their Spare Change as National “Coin Shortage” Takes Place

Photo credit: Peter Dazeley - Getty Images
Photo credit: Peter Dazeley – Getty Images

From Good Housekeeping

  • The Federal Reserve is working to reverse a national “coin shortage” during the novel coronavirus pandemic.

  • Retailers like Walmart and Kroger are asking customers to use exact change or pay with credit cards as banks struggle to locate spare coins.

  • You may be able to earn extra cash by turning in coins to local banks or retailers in you area.

If you’ve shopped at Walmart or CVS recently, you may have noticed that many checkout lanes are designated as debit or credit only — that’s because the United States