MINNEAPOLIS — U.S. Bank and Coinstar report they have expanded 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. It’s designed to offer a fast, secure alternative to traditional coin deposit processes and extends access outside of normal branch hours.
“We’re committed to delivering flexibility and convenience for essential banking services – whether that’s in person, online, or on the go,” says 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 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,” says Kevin McColly, CEO of Coinstar.
Visit usbank.com/online-mobile-banking/coinstar to find a Coinstar kiosk location at a retail or U.S. Bank branch.
Have a question or comment? E-mail our editor Bruce Beggs at [email protected].
