If you choose to convert your coins to cash at a Coinstar kiosk, a service fee of up to 12.9% plus a $0.99 transaction fee will apply . Fees may vary by location.
However, Coinstar offers ways to avoid these fees:
- eGift Cards: You can choose to receive an eGift card from various retailers without any fee.
- Charitable Donations: You can donate your coins to a charity through Coinstar, and they will waive the fee. However, Coinstar retains a processing fee from the donation amount (10% for national charities and 7.5% for regional charities).
Alternatively, you might consider these options:
- Banks and Credit Unions: Some banks and credit unions offer free coin-counting services, especially for their account holders. You might need to roll the coins yourself, or they might have machines that do it for you.
- Self-Checkout: Some self-checkout machines accept coins, allowing you to pay with your change without a fee, [according to Reddit users].
How do I avoid Coinstar fees?
Great question! 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).
Where can I take coins for cash for free?
From my experience, 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. Coinstar machines are in many supermarkets, and Publix has its own machines.
What is the cheapest way to cash out coins?
If you’re wondering where to exchange coins for money, your bank typically offers the most cost-effective solution.