Payments

Coinstar's Retail Remote Transfer program reaches 15M account holders

Photo: Coinstar

July 22, 2025

Coinstar, LLC's Retail Remote Transfer program now serves over 15 million U.S. account holders, enabling them to deposit coins and cash directly into their bank accounts from more than 10,000 swipe-enabled Coinstar kiosks nationwide, according to a press release.

The RRT program, launched in 2024, has partnered with over 35 financial institutions, offering a solution for banks and credit unions to digitize spare change and reduce in-branch coin handling. Coinstar estimates that over $10 billion in idle coin resides in American households, presenting a significant market opportunity.

"We understand the ongoing challenge financial institutions face in growing account activity, increasing balances, and extending reach in communities with limited physical branch coverage," Kevin McColly, CEO of Coinstar, said in the release. "With Retail Remote Transfer, we offer banks and credit unions an innovative way to meet customers where they are, whether that's in the branch or at their neighborhood grocery store, without significant operational or capital burdens."

Coinstar highlights that the RRT program requires no capital investment from financial institutions, allows for expanded reach through existing retail locations, and can free up bank staff from routine coin deposits. The company anticipates further growth in the RRT program in the coming months, citing that 93% of Americans still use cash.