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.6
- Coinstar is a helpful way to turn your spare change into easy-to-manage cash or credit. It’s fast and convenient, but there’s one catch: they take 11.9% of your total deposit as a fee. Fortunately, there are ways to bypass that fee.
Does Coinstar charge tax?
Are you wondering, “How much does Coinstar charge me for trading my coins for cash?” Coinstar’s fee is currently 11.9% of the value of the coins you’re exchanging, but you can avoid the fee by converting the funds to a gift card.
How much does it cost to use Coinstar?
Take your coins to a Coinstar machine. A 11.9% coin processing fee applies. Fees may vary by location.
Do Coinstar machines rip you off?
There’s a fee. For every $100 you deposit into a Coinstar machine, you’ll lose nearly $12. That’s a high charge just for counting coins!
Does Coinstar at Walmart charge a fee?
When using a Coinstar Kiosk at Walmart, customers will be charged an 11.9% fee which can be avoided when selecting the “free gift card” option. The limit for coins accepted is $2,000 in one transaction. Read on to find out more about Coinstar machines in Walmart!
Do banks take pennies 2021?
If I’m paying a bill at my bank, can I use pennies? Yes, pennies continue to be legal tender in Canada and banks accept them for cash payments.
Where can I cash change in for free?
Places to Get Cash for Coins For Free
- Citibank (requires coin rolls and some fees may vary)
- Community Savings Banks (requirements vary)
- US Bank (no rolls but current customers only)
- Bank of America (requires coin rolls)
- First County Bank.
- Western Credit Union.
- Peoples United.
Does Coinstar do Bitcoin?
Coinstar — known for its machines that let people trade loose coins for cash — is partnering with digital currency exchange Coinme to have some of its kiosks offer bitcoin. Bellevue, Washington-based Coinstar in April launched 300 bitcoin-enabled machines at Winn-Dixie and other groceries across Florida.
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).
How accurate is Coinstar?
But at Coinstar machines, you dump your coins in and they give you cash back, charging a 10.9 percent processing fee on your total. You expect 100 percent accuracy for what you put in and we wanted to hold them to it. The cash used included 70 quarters, 50 dimes, 40 nickels, and 50 pennies.
How much money do you lose with Coinstar?
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. 6
Does Food Lion have a Coinstar?
Ingles, Food Lion, Walmart and Harris Teeter have CoinStar machines that charge an 11.9% fee. If you opt for an E-Gift Card or to donate, there’s no fee.
Does Coinstar take pennies in Canada?
Yes, Canadian pennies are still accepted at our Coinstar Machines.
Do banks accept rolled coins?
Most credit unions and bank accounts accept rolled coins and will credit a deposit equal to the same amount. Rolled coins are easier to transport and count because they are already separated. Take advantage of your bursting piggy bank or coin jar by sorting your change.