Banks Are Paying People to Bring in Their Spare Change as National “Coin Shortage” Takes Place Banks May Pay You for Loose Change During the Pandemic

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.