From what we have seen, this fee stays pretty close to the one Coinstar indicates. On our quest to get people to realize they need to stop paying bank fees, we also wanted to share that with people who use the popular Coinstar coin counting machines.
Read below to see how you can skip the Coinstar fee and save yourself some money in the long run. When I would have a ton of coins, it used to be harder to find a machine to deposit them. There were only a few. Now when I look for Coinstar near me , I find them in so many places, including most Walmarts.
This makes it easy to deposit coins, outside of paying that I get a lot of emails about the subject to this day and that post was over six years ago. I still see a lot of chatter on forums about banks around some towns not accepting coins at all. Some banks have coin counting machines in their lobby, but they might only be for account holders. There are others like TD Bank which charges a fee to use the machine. I think we might have to blame our consumer culture of switching to plastic, the expense of keeping coins, and companies like Coinstar.
You can find a majority of them at grocery stores like Kroger and Walmart , but also are at some other smaller chains around the country. These machines make it super easy for you to go in, dump your coins in their counting system, and then collect the cash. This number varies from store to store as they might subsidize the processing fee, but this is the standard fee as indicated by Coinstar.
You can even watch as the fee comes out when your coins are counted. You can literally watch the convenience fee right in front of you.
On the upside, you get to come in with a bag full of change and walk out with a fist full of cash. I get this question quite a bit, so I figured I would address it. When you drop your coins in their counter, it takes some time to count each coin. Once it counts the coins, it gives you a total.
This is after the You can choose to get paid with cash, get a gift card to certain store see below , or donate to a charity. If you choose the other two, no fee is taken from your coin amount. By selecting cash, you get a printed receipt from the machine. They are the ones responsible for providing you with cash.
Coinstar then pays the store. Their machines just count the coins, then give you a receipt to collect that cash. I hate having to pay money for convenience products, especially when the coin deposit market seems undeserved by those who should be serving it most. The test with Coinstar, which is known for the machines that let customers exchange US coins for paper bills or gift cards, began earlier this month Customers buying Bitcoin insert paper bills into the Coinstar machine and then get a voucher.
Walmart Inc. The test with Coinstar, which is known for the machines that let customers exchange US coins for paper bills or gift cards, began earlier this month, Walmart spokeswoman Molly Blakeman said Thursday. The pilot includes kiosks in Walmart stores. While that announcement was false, Walmart is assessing the future of crypto in its operations. The deal with Coinstar was reported earlier by Coindesk, which tested the service.
Customers buying Bitcoin insert paper bills into the Coinstar machine and then get a voucher. They must also set up a Coinme account and pass a background check before the voucher can be redeemed. You can take your unsorted coins to a Coinstar machine, deposit them in the coin tray and receive their full face value amount in return. And, yes, you still earn a decent return. Another is to choose companies that offer no fee options to customers in exchange for an alternative payout.
Coinstar machines take your loose change and give you the option of cashing out in one of three ways. To receive your Cash, less the The kiosk does not dispense Cash. The store will provide you with the Cash. Amazon Smile is another great way to donate to the charity of your choice. Check out Amazon Smile here. This voucher contains your unique eGift Card code. Use it online or in-store just like a plastic gift card.
Go to Coinstar Kiosk Finder and enter your city or zip code to find where you can cash in your coins. A list of Coinstar kiosks will appear along with a map. This list is sorted by the coin machines that are closest to you.
But, the existence of Coinstar kiosks truly varies by state and retailer. Always check Kiosk Finder before assuming that a Walmart in a different town has one. Looking to cash in coins for free and get crisp bills in return? Unfortunately, many of the well-known banks do not have coin counting machines. But, you may find regional banks and local credit unions offer the service free for members but charge a fee for non-members.
The best way to find out is to call your regional area bank or local credit union and ask them. We even found that some of the regional banks with more than one branch location have limited availability of coin machines.
This is why a phone call is the only way to know for sure. One more thing to keep in mind is that some banks who do not have coin machines will still take coins but they must be provided in coin wrappers.
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