Most Walmart stores have Coinstar coin counting machines.
- If you choose to receive cash for your coins, Coinstar typically charges a service fee of up to 12.9% + $0.99 transaction fee . Fees may vary slightly depending on the specific Coinstar location.
- If you choose an eGift card instead of cash, there’s no fee , and you can use the eGift card at participating stores and restaurants.
- Opt for an eGift Card: This allows you to convert your coins with a 0% fee. Coinstar partners with various retailers and restaurants.
- Donate to Charity: You can donate your coins directly to a charitable organization through the machine and avoid the fee, [according to Coinstar] . Coinstar retains a processing fee from the donation amount (10% for national charities and 7.5% for regional charities).
- Use bank or credit union coin counting services: Some banks offer free or reduced-fee coin counting for account holders.
- Use coins for purchases at self-checkout: Many grocery stores, including Walmart, allow you to use your loose change to pay for groceries at self-checkout machines.
- Roll your own coins: You can get free coin wrappers from banks and deposit the rolled coins directly into your bank account, avoiding Coinstar fees.
How much does Coinstar take out of $100?
Coinstar charges a significant fee ( 11.9%) for coin counting, making alternative methods more financially sound. Free or low-cost alternatives to Coinstar include exchanging coins for gift cards, donating to charity through Coinstar, or rolling coins yourself and depositing them at a bank.
Where to bring coins for cash without a fee?
Yes, You Can Deposit Coins at Your Bank
Some banks, such as Wells Fargo, will exchange rolled coins for customers without a fee. Wells Fargo says it also offers free coin wrappers. Check your bank’s policy. Certain credit unions and community banks still have coin-counting machines.
Does Walmart cash coins for free?
Good point! How does a coin counting machine at Walmart work? If you simply want to cash in your coins, there is an 11% fee (that may vary from store to store). The only ‘free’ options are if you donate the money (list of selected recipients) or load to a gift card (only 3 available at our store, not Walmart gift card).