How do I avoid Coinstar fees? (2024)

How do I skip a Coinstar fee?

Coinstar's processing fee is 11.9%. To avoid the processing fee, you'll have to choose to receive an e-gift card instead of cash. Before you choose to get a gift card, review the list of participating restaurants and retailers.

Is there a better option than Coinstar?

You'd be hard-pressed these days to find a free coin counting service at a national or super-regional bank. So your best bet is to find a local credit union or small community bank that will count your change for free.

How can I turn my coins into cash for free?

Credit Unions. Some credit unions also offer free coin exchange services for customers, and some even for non-customers. American Eagle Federal Credit Union offers free coin exchanges for all consumers. The Westerra Credit Union is another organization that offers coin exchanges, but they are exclusive to members.

Does Coinstar waive fee?

Coinstar will waive the fee (which amounts to $4 if you were sitting on the average Coinstar cash-in value of $47) if you opt for a gift card to a large retailer like Amazon, Lowe's, or Krispy Kreme (cashing in for a tower of donuts makes you a freaking hero in my book).

Is Coinstar at Walmart free?

How Much Does The Coin Machine At Walmart Charge? Coinstar kiosks charge an 11.9% processing fee for customers who want to receive cash. However, to avoid this fee, you can opt to receive your money in the form of a Coinstar eGift Card instead.

What percentage does Coinstar take from you?

Calculate Coinstar's Fee

Coinstar's fee is currently set at 11.9 percent of the value of the coins you're exchanging. Basically: That's nearly $12 for every $100 in coins you feed to the machine. You'd have to guess how much change you have accumulated to calculate the Coinstar fee.

Where is the best place to cash in your change?

Why Your Bank Is Probably the Best Place to Cash In Coins. Consumers can turn in their coins for cash at banks, which will give them their full value. Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers.

Where is the best place to change coins?

Take it to your bank

Some banks now have coin machines that let you pay in your spare change without needing to sort it first. Not all banks offer these machines, and even those that do might not have one in your local branch. However, they should be able to take your coins if you sort them yourself.

What's cheaper than Coinstar?

Local Banks and Credit Unions. Most local banks and credit unions offer coin-counting services, and a lot of them don't charge a fee which makes them more appealing than Coinstar.

Where can I cash in coins for free 2022?

Does Walmart have a coin counting machine?

The coin machine king Coinstar has kiosks in most Walmart stores. They are usually located close to the checkout area towards the front of the store. This enables the customer to be able to change coins for cash without fuss or hassle, saving them time.

How do banks know if rolled coins are accurate?

They are counted by machines that are generally accurate. Those that are hand rolled, you can usually tell by weight and size.

What to do with loose coins?

Is there a limit to Coinstar?

(Many locations will limit how much you can exchange; typically the maximum is $500 per visit.) The upside to using Coinstar is that you don't have to count or sort your change. The downside is there is an 11.9% surcharge deducted from the total, plus a 25-cent fee per transaction.

How much does Coinstar take per pound?

Choose one of our two convenient options: get cash, which has a 10.9% processing fee or charity which has an 8.9% fee.

What is Coinstar daily limit?

Do Coinstar machines take pennies?

Other places to cash in coins are Coinstar machines. Coinstar has 20000 machines located in select grocery stores across the country, such as Loblaws, Metro, Food Basics, The Real Canadian Superstore, and others. To use the machine, simply pour your Canadian coins into the slot and let the machine count them up.

What can you do with old pennies?

You may not like what you're about to learn: pennies are still legal tender. That means you can still use them at stores, and you can still deposit them at the bank.

Does the post office change coins?

A Post Office spokesperson, said: "Post Offices are not required to change notes for coins to customers, however, branches can do so at their own discretion. "A branch may be reluctant to provide change as they want to ensure they have enough for their own tills. It is also a measure to help prevent money laundering.

How much does Coinstar charge at Walmart?

Just pour your coins into the kiosk and let us do the work. Choose one of our three convenient options: get cash, which has an 11.9% fee (fees may vary by location), select a NO FEE eGift Card, or make a donation to your favorite charity.

Which banks offer free coin counting?

Why are banks removing coin counting machines?

Chase, Bank of America, Citibank, Capital One, PNC Bank, TD Bank, BB&T, and other major national banks no longer provide coin-counting machines to customers or to non-customers. The reason: The big banks claim that these machines cost more to maintain than the value that is delivered to customers.

What to look for before cashing in coins?

"Look at the rim of the coin to see if there's silver in the coin," said Matt Duncin, manager of U.S. Coins. A 90 percent silver coin will not have any shine to it. You'll also want to check half dollars dated 1965 through 1970 because those coins are 40 percent silver. Anything 1964 and earlier is 90 percent silver.

How do you tell if your coins have been cleaned?

Judge the age and consistency of the color, its depth and evenness. The underlying luster should be undisturbed and in a perfect cartwheel pattern, this being especially visible about the obverse stars. Look for hairlines or other imperfections that may indicate the coin was cleaned at some time in its past.

Do banks count your coins for you?

Take your coins to a community bank or credit union

Many big banks have phased out their coin-counting services in recent years, but the regional banks or credit unions that do offer coin exchange likely do so at no cost to customers. There may be a small fee for noncustomers to use the bank's coin-counting services.

What bank counts coins for free?

What can I do with loose change?

Will banks give you bills for coins?

Consumers can turn in their coins for cash at banks, which will give them their full value. Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers.

What can I do with old pound coins 2022?

It's much easier here – you can just spend them! They will remain usable for until the end of September 2022. From 1 October 2022 you'll be able to deposit them or swap them in the same way you can now for fivers and tenners.

Does Coinstar take old coins?

Turn your coins into cash and buy what you want. So fast and convenient. Donate your coins to charity and satisfy your generous side.