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How much does Coinstar charge for exchanging my coins into cash? It costs 11.9 % of your coins’ worth to use Coinstar, however you may prevent it by using gift cards instead of coin exchange. There are 21 participating businesses and restaurants accept Coinstar’s eGift card. The Coinstar charge may be avoided or at least reduced in several other methods, which is fortunate.
There is an 11.9% fee for using Coinstar’s services. You’ll have to choose for a Coinstar eGift card in order to avoid the transaction cost. You should check the list of eligible restaurants and businesses before deciding on a gift card choice. Your eGift card may only be used for purchases at these locations:
- Apple
- Nike
- AMC Theaters
- Amazon
- Outback Steakhouse
- Starbucks
- Ruby Tuesday
- Southwest Airlines
- GameStop
- Gap, Old Navy, Banana Republic and Athleta stores
- Hotels.com
- IHOP
- KARMA KOIN
- Krispy Kreme
- Steam
- The Home Depot
- Applebee’s
- Cabela’s
- Chili’s Grill and Bar
- Domino’s
- Roblox
- Razer Gold
- Red Robin
- iTunes
- Lowe’s
Alternatives to Coinstar are few and far between. The number of institutions offering change counting devices is steadily declining.
There are two methods to avoid the Coinstar cost by cashing your coins without paying a fee. As a first option, you can deposit or exchange your own rolls of coins at your bank. Although the procedure may take some time depending on how much change you have, you will save money in the long run. First, go to your local bank and ask for paper coin covers. Banks usually give free of charge, and office supply stores sell them as well.
The second alternative is to drive to one of the few banks that still have coin counting machines. If you have a lot of money to spare, it could be worth the trip. Most banks offer the machine free of charge to their customers, however non-bank consumers may be charged a price.
What matters most is whether or not your time is better spent rolling coins or going to the bank. Cashing in a ten-dollar bill is an example of this. Automating the procedure using Coinstar will cost you $1.19. This item costs $11.90 when purchased with $100 in change. Consider how much time and effort it will take you to sort your coins and put them on rolls or go to a bank with a counting machine to do it.
Smaller banks and credit unions are the only places where coin machines are allowed. Coin-counting devices are available at the following banks:
- Customers of American Eagle Credit Union pay nothing, while nonmembers pay a 10% fee.
- Customers of Apple River State Bank can use the bank for free.
- Free for clients of First County Bank
- Customers of Glenview State Bank are exempt from fees.
- Free for customers: Hanco*ck County Savings Bank
- A 5% fee is charged to non-customers of JBT Bank.
- A free service for customers of Manasquan Bank
- Customers of People’s United Bank do not pay a fee to use this facility.
- Clients of the Shelby Savings Bank are not charged anything.
- State Bank of Dekalb: Customers get a free checking account.
- A ten percent fee is charged to non-customers of TCF Bank.
- Customers of Westerra Credit Union enjoy no fees.
Coin-counting devices have problems with accuracy in the past.
Banks like TD Bank have taken down Penny Arcade coin machines because they were short-changing customers. They want to keep customers happy.
On the Coinstar website, the business says that kiosks undergo “rigorous testing” to guarantee that they are “very accurate and trustworthy”.
The Kiosks are periodically serviced by a team of experts. They are well-versed in their field.
If you are concerned about getting ripped off by the coin counter, you may want to consider rolling the change yourself and depositing it in a bank.
You should count your money before using a Coinstar kiosk. Sometimes the machine isn’t counting your money right, and it’s important that you check before you leave.
A week’s vacation or a new pair of shoes might be more readily available if you set aside a certain portion of your loose cash.
Put your change in a jar or bowl for each purchase.
There are many ways to get the money you need. You can get cash by selling your products, or sell your time in exchange for money.
If you don’t want to go out of your way to carry cash around with you, then it’s time to get yourself a coinstar machine.
