Walmart does not directly operate the coin counting machines in their stores. The machines are typically owned and operated by Coinstar.
If you choose to convert your coins to cash at a Coinstar machine located in a Walmart, you will be charged a service fee of up to 12.9% plus a $0.99 transaction fee, [according to Coinstar] . This means if you exchange $100 in coins for cash, you could end up receiving around $88.10.
However, there are ways to potentially avoid these fees:
- Opting for an eGift Card: If you choose to receive your money as an eGift card for participating retailers, you typically won’t be charged a fee.
- Donating to Charity: You can also choose to donate your coins to a charity through the kiosk, which generally comes with no fee, although Coinstar retains a processing fee from the donation amount.
In summary, while Walmart doesn’t charge a fee, Coinstar, the operator of the coin machines, does charge a fee when converting coins to cash. You can avoid this fee by opting for an eGift card or donating to charity.
How much does Coinstar charge for $100 dollars?
Calculate Coinstar’s Fee
Coinstar’s fee is currently set at 11.9 percent of the value of the coins you’re exchanging. Basically: That’s nearly $12 for every $100 in coins you feed to the machine. You’d have to guess how much change you have accumulated to calculate the Coinstar fee.
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.
Where to bring coins for cash without a fee?
I can help with that. 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.