The short answer…yes. Coinstar charges an All you need to do to avoid the Coinstar fee is to choose to receive your earnings in the form of an eGift card! So, ya gotta do your homework before dumping your coins.
To find out which gift cards are available at a specific Coinstar machine, click here to find a kiosk. This will show you which offers are available at that particular kiosk. Try another location. Gift card options will vary by Coinstar kiosk. Again…check with your local Walmart before dumping your coins! Not sure if your local Walmart offers this Coinstar service?
Just call ahead and ask the service desk, they should know. For example, my local Walmart exchanges an e-gift card really just a piece of paper you can use in the store for coins turned in through the Coinstar machine. Before you hop in your car to take a trip to my local Walmart for this feature, just know, I live in a small town in the middle of nowhere….
I will not give I can do this several times a year, maybe 3x or more. I go with a friend to their bank to cash. I might just open a savings with it. Thanks for the feedback Amy. Make sure to check out our articles on best banks for savings accounts. Thank for all the information!
I also appreciate the information on taking the money to a bank. Hi there — Update. I followed this advice and went to my bank. Both my bank Chase and then Wells Fargo said they do not have coin counters.
Many Walmarts have a coinstar, and there are lots of other options! Best of luck! Some grocery stores have self checkout for cash. You can pay with all coins and no fee, as long as you pay within the time limit. I can put 5 bucks worth of quarters in easily. Every Tuesday, I go to one and get a couple small items. Rockland Federal Savings Bank in Massachusetts has coin counting machines in some locations and are free for bank customers.
Personally I think this is horrible coins are in approved and federal he backed American currency. All banks credit unions and other financial establishments should offer the service for free to convert coins to bills. I agree Rolled. Do they mean to tell us the tellers count all their change… every day!!! What kind of customer service is that? We get charged for everything.
Greed has become the forefront in every business. And remember when the banks were given a helping hand and alot of the money went towards bonuses?!
I used coinstar a few times until I realized how much money they took. This is very useful information. I save coins all the time. I get up early and go to the stores and self check out at Krogers. I will contact my bank to see if they take coins. I recently rolled up all the quarters and dimes I had saved. Thanks for the article.
One thing I think should be mentioned, based on my experience. I decided to get an Amazon gift card to avoid the fee, and then simply use the gift card to purchase a Visa gift card on Amazon. This would allow me to use the money wherever credit cards were accepted! Well, not exactly. Just wanted to mention this in case anyone was thinking of taking advantage of what seems like a pretty sweet loophole. I think I will try the Amazon egift card option next time…. I take it to a bank that has a machine.
No fee. And directly into cash. Excellent and very informative info about Coinstar. I have a much better opinion of their service. Your Local Bank 2. QuikTrip Coin Counting Machines 3. Walmart 4. Kroger 5. CVS 6. ShopRite 7. Hy-Vee 8. Meijer 9. This compensation may impact how and where products appear on this site including, for example, the order in which they appear.
These offers do not represent all available deposit, investment, loan or credit products. Do you have a bowl full of change gathering dust in your home or countless pennies lining the bottom of your junk drawer?
A coin-counting machine makes quick work of tallying your pile of pennies — or whatever types of coins you have. However, you will have to give up part of your coins for the convenience. Coinstar is a service that helps you cash in your small change by counting it and paying you the value, minus a fee. Coinstar has green kiosks located at supermarkets and retail stores nationwide. All you need to do is dump your change into the machine. Once you do, the kiosk will complete the hard work by sorting and counting out and displaying the total value of your coins.
You can cash out the coins in three ways:. Check out the best accounts to help you save money and reach your financial goals! There is no fee to use Coinstar if you choose to donate the funds or receive an eGift Card. The eGift Card can only be redeemed at 21 retailers and restaurants:. Paying an If you have the time to sort your change and place it in paper wrappers to make coin rolls, you can trade in your coins for cash for free at your bank.
Some banks may even throw in the paper coin rolls. Most banks used to have coin counters for customer use. But over time, the machines disappeared. Few banks have coin counters available anymore, and in most cases, they are only for customer use. Check out these banks and credit unions that offer coin counters:. Why not try using the method to grow your rainy day fund? Click through to read more on effective ways to trick yourself into saving money.
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