Why don't banks accept coins?

How many coins do sellers have to accept?

Many consumers like to pay with bills and coins when shopping. But payment in cash can reach its limits: For example, when a large purchase is to be paid for with small coins or when large bills are waved in the one-euro shop.

Going shopping and paying cash rather than with a credit card - that's how many people like it. But consumers cannot always hold large banknotes such as a 200-euro note to the cashier.

Trade can refuse coins

Retail, catering and petrol stations are entitled to refuse large bills. In principle, the principle of freedom of contract applies. Providers can therefore agree on a certain type of payment and also exclude it.

And be careful: there can also be limits to the acceptance of coins when shopping. Nobody is obliged to accept more than 50 coins in a single payment. The basis for this is Article 11 of the Council Regulation No. 974/98 on the introduction of the euro.

This is how you get rid of coins

Getting rid of change in one fell swoop is sometimes not that easy. But what if the piggy bank has been slaughtered and a mountain of euro coins is piled up in front of you? Don't worry, savers won't be left with it.

You can hand in the change at the counter or deposit it in your house bank's deposit machines. In both cases, the customer receives a deposit slip for his current account. It may take a few days for the credit to appear. First of all, since the beginning of 2015, banks have been obliged by EU directive to check coins for authenticity.

Watch out for exchange fees

This check is mainly carried out by value transport companies. If everything is in order with the coins, the amount lands in the customer's checking account a few days later. The amount will then be credited retrospectively according to the value date, i.e. with the value date of the payment date.

Whether the customer has to pay fees for this varies depending on the bank and account model. Savers should inquire about the conditions in advance from their bank's client advisor.

Deposit coins at banks

The various banks usually offer their customers the service of changing change into bills. Here, too, each institute determines the conditions itself. Some institutes offer coin deposit machines, while others ask for the coins to be rolled beforehand. When rolling, the change is wrapped in coin roll paper, which is available from stationery shops or bank branches. Exchange fees may also apply.

Exchange money at the Deutsche Bundesbank

In the branches of the Deutsche Bundesbank, private individuals can exchange their coins free of charge. The exchange amount is paid out in cash. However, consumers must expect that they can only exchange certain quantities, depending on the number of customers and local conditions.

If the specified amounts are exceeded, the Bundesbank will only accept the money against a provisional receipt. Customers can then collect the exchange amount a few days later.

Exchange D-Markt by post

Perhaps there are also D-Mark coins in the slaughtered piggy bank. The Bundesbank also exchanges such items - free of charge and without any time or amount limit.


This is also possible by post. The coins must be sent to the branch in Mainz. Before doing this, consumers are obliged to fill out an application form "Exchange of DM for Euro". The form can be downloaded from the Internet.

Just donate change

The Deutsche Bundesbank assumes no liability for coins lost in transit. Because the exchange often involves a lot of effort, it may also be an option to donate the change that has been collected. Donation boxes from charitable institutions can often be found in stores at the cash registers. At several checkouts, customers can also round up the payment amount and thus donate the money to a good cause.