Coinstar fees depend on how you choose to receive your money after converting your coins.
- Cash: If you opt for cash, Coinstar typically charges a service fee of up to 12.9% and a $0.99 transaction fee.
- eGift Cards: You can avoid fees entirely by choosing an eGift card from a variety of retailers and restaurants.
- Donations to Charity: You can donate your coins to charity through Coinstar without paying a fee. However, Coinstar retains a 10% processing fee for national charities and a 7.5% processing fee for regional charities from your donation amount.
- Transfer to Bank Account: If your bank is partnered with Coinstar for the “Transfer to Account” service, the fees for depositing coins or cash into your account will vary by financial institution.
- The most cost-effective option is generally to exchange your coins for an eGift card, as many of these options incur no fees.
- Fees can vary based on location.
How do I avoid Coinstar fees?
Opt for eGift Cards. To sidestep the Coinstar fee, opting for an eGift Card with a 0% fee is your best bet. …
Donate to charity. Coinstar also waives their fee when you donate directly at a kiosk (bonus: it’s a tax deduction).
What is the cheapest way to cash out coins?
Great question! If you’re wondering where to exchange coins for money, your bank typically offers the most cost-effective solution.