If you choose to receive cash for your coins at a Coinstar kiosk, you will be charged a service fee of up to 12.9%, plus a $0.99 transaction fee.
- Fees can vary by location , so it’s always a good idea to check the specific fees displayed on the machine before you begin your transaction.
- No fees are charged if you opt for an e-gift card from participating retailers, [according to NerdWallet].
- Donating your coins to charity also allows you to avoid fees , though Coinstar does retain a percentage of the donation amount as a processing fee.
In conclusion, be aware of the fees associated with Coinstar machines and consider whether the convenience outweighs the cost or if alternative methods, like exchanging coins at a bank or credit union, are more suitable for you.
Where can I bring my coins for cash for free?
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 do I avoid the fee at Coinstar?
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).
How much do they charge to use a coin machine?
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 12.9% + $0.99 transaction fee may apply. Fees may vary by location.