Coinstar fees: What you need to know (2024)

FAQs

Coinstar fees: What you need to know? ›

For the convenience of turning your coins into cash, Coinstar charges a service fee of up to 12.5%, along with a $0.59 transaction fee. Keep in mind, however, that fees may vary depending on where you're using the Coinstar kiosk.

Coinstar generally charges a service fee of up to 12.5% of the value of the coins you're exchanging, plus a transaction fee of 50 cents, but you can avoid these fees by converting the funds to a gift card.

Is there a charge to use a Coinstar kiosk? Not always. Free coin counting is available at most locations in the United States if you cash in your coins for an eGift Card with a 0% fee. We have more than 20 stores and restaurants to choose from – eGift Card fees vary by brand.

Yes, there are alternatives to Coinstar for cashing in coins. Going to a bank, credit union, or QuikTrip store can be a better option, as many have free coin counting machines and exchanges, but you should always call ahead to make sure they will change your coins into cash.

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. So if you pour in $50 worth of loose change, you're only going to get $43.80 back in cash.

Coinstar machines are generally very accurate when it comes to counting coins. They use sophisticated technology to sort and count the coins and calculate their value. According to Coinstar, the machines are accurate to within one cent.

It's so simple. You don't have to count, sort, or roll your coins. Our big green kiosks are at grocery stores, so you can get cash conveniently, right on the spot. A service fee up to 12.5% + $0.59 transaction fee may apply.

Your local bank branch is a good place to exchange coins. The branch will typically give you coin wrappers for free. Credit unions or community banks are more likely to have free coin-counting machines for members.

For the best chance of avoiding fees when exchanging coins for cash, visit your own bank or credit union and make an appointment to save time.

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.

How much money do you lose using Coinstar? ›

If you decide that cold, hard cash is what you're after, then you'll need to be prepared for a service fee. For the convenience of turning your coins into cash, Coinstar charges a service fee of up to 12.5%, along with a $0.59 transaction fee.

Skip the lines at the bank. Coinstar lets you transfer coins or cash into your account with ease. Fees vary by Financial Institution.

In order to complete a transaction via our Services, you may be required to provide certain information about yourself, including, without limitation, driver's license or other state identification information, your signature, your fingerprint and any other information requested by us (collectively, “User Data”).

If you decide that cold, hard cash is what you're after, then you'll need to be prepared for a service fee. For the convenience of turning your coins into cash, Coinstar charges a service fee of up to 12.5%, along with a $0.59 transaction fee.

To exchange your coins for cash, you can find a local bank or retailer that offers coin-cashing services. It pays to determine if a coin-cashing service charges a fee, so you can look elsewhere to avoid such a fee. Some coin cashing machines allow you to exchange coins for cash, gift cards or charitable donations.

You can exchange coins for cash at most credit unions and banks, but some may charge a small fee for this service. Some financial institutions provide coin-sorting machines for self-service exchanges, and others require you to work with a teller.

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