QuikTrip gas stations and food marts are now inviting customers to bring their loose change to any of QT’s 800+ locations to turn it into cash bills.
I reached out to QuikTrip spokesman Mike Thornbrugh, and he says QT is doing this to help alleviate a coin shortage caused by the economic downturn.
QuikTrip Wants Your Change: Here’s How it Works
The seriousness of the situation came to light in early June during a virtual hearing with the House Committee on Financial Services. That's when Federal Reserve Chairman Jerome Powell testified that the U.S. economy needs change — literally.
“What’s happened is that, with the partial closure of the economy, the flow of coins through the economy has gotten all — it’s kind of stopped,” Powell said.
Thornbrugh says all QuikTrips are now accepting coins and giving back dollar bills in exchange.
"Spread the word: Redeem your coins for cash," Thornbrugh says. "Whatever the amount, if we don't have that amount in the store, we'll give customers a gift card for the remaining balance."
Final Thought
There won’t be any coin-counting machines. QuikTrip wants to redeem your coins as you make transactions in the store.
You’ll also be helping put more coins in circulation for the benefit of the American economy.
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