Most banks’ coin wrappers are always free of charge. However, some cash-strapped bank tellers must sometimes pay to receive them or risk their hands being damaged during the deposit process.
If they do choose to receive an extra layer of security, this can run into hundreds of dollars. So for all the convenience of a bank coin wrapper, it may be better to purchase it on a credit card, as this method makes your cash disappear.
Is it legal to buy a free coin wrapper at a bank?
Yes, as long as the store receiving your cash deposit is a “free banking company”. There are currently hundreds of these companies in Australia, who charge between a few dollars and a few thousands for wrapping a cash deposit in an envelope.
Are coin wrappers in Australia?
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