Coin counting machine fees vary depending on the provider and your choice of redemption method.
Here’s a breakdown:
- Coinstar:
– Cash voucher: Up to a 12.9% service fee plus a $0.99 transaction fee. Fees may vary by location. For example, exchanging $50 in coins could cost up to $7.44 in fees.
– eGift Card: Many Coinstar locations offer fee-free eGift Card options for various retailers like Starbucks, Southwest Airlines, Apple, and AMC Theaters. Fees may vary by brand, according to Coinstar.
– Charitable donation: While there’s no fee charged to you, Coinstar retains a processing fee from the donation amount: 10% for national charities and 7.5% for regional charities.
- Publix: Fees could be around 10% of your transaction, but it’s best to check with your local store for exact details, [according to U.S. News & World Report].
- Banks and Credit Unions:
– Some banks and credit unions offer free coin-counting services to their customers.
– Non-customers may face a fee, which can range from a small percentage of the total amount or a flat fee.
– Some require rolled coins, and others provide free coin wrappers.
To avoid fees:
- Opt for eGift Cards at Coinstar if you plan to shop at their partner retailers anyway.
- Check if your bank or credit union offers free coin counting for members.
- Roll your coins yourself using wrappers (often available for free at banks) and deposit them.
Where can I bring my coins for cash for free?
Thanks for asking. Credit unions : Like banks, your credit union may agree to exchange your coins for cash for free if you’re a member. Non-members may have to pay a fee for this service, if offered.
How much do they charge at coin machines?
If you decide to turn your coins in for cash, there is a service fee up to 12.9% + $0.99 transaction. Fees may vary by location.
Do any banks count coins for free?
Key Takeaways
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.