How much does Coinstar charge for $100?

Despite, How accurate is Coinstar?

But at Coinstar machines, you dump your coins in and they give you cash back, charging a 10.9 percent processing fee on your total. You expect 100 percent accuracy for what you put in and we wanted to hold them to it. So, we took coins of all denominations to ten coin counting machines.

Following this, Does Coinstar waive fee?

Coinstar will waive the fee (which amounts to $4 if you were sitting on the average Coinstar cash-in value of $47) if you opt for a gift card to a large retailer like Amazon, Lowe’s, or Krispy Kreme (cashing in for a tower of donuts makes you a freaking hero in my book).

Are Coinstar machines worth it? For every $100 you deposit into a Coinstar machine, you’ll lose nearly $12. That’s a high charge just for counting coins! Because they’re basically the only coin-counting company out there, Coinstar can get away with charging these high fees. Most people feel like the convenience of the kiosks makes it worth it.

Still, What can I do with loose change? 10 Things to Do with Spare Change

1. Roll It Up. Before you can deposit your mason jar full of coins into a bank account, you need to put it in coin rolls. …
2. Open a Savings Account. …
3. Save for Holiday Gifts. …
4. Create a Vacation Fund. …
5. Teach Your Kids About Saving. …
6. Start a College Fund. …
7. Put It Toward Your Latte Fix. …
8. Donate to Charity.

What banks have free coin machines?

What Banks Have Free Coin Counting Machines?

• American Eagle Credit Union: Free for customers, 10% for noncustomers.
• Apple River State Bank: Free for customers.
• First County Bank: Free for customers.
• Glenview State Bank: Free for customers.
• Hancock County Savings Bank: Free for customers.

What kind of coins does Coinstar take?

To process coins, loose change is poured into the machine. In the United States, the machine accepts all denominations of coins from one-cent coins to one-dollar coins, its only restriction being 1943 steel cents and Eisenhower Dollars.

How do I avoid Coinstar fees?

Coinstar’s processing fee is 11.9%. To avoid the processing fee, you’ll have to choose to receive a Coinstar eGift card instead of cash. Before you choose the gift card option, review the list of participating restaurants and retailers.

How accurate are Coinstar machines?

But at Coinstar machines, you dump your coins in and they give you cash back, charging a 10.9 percent processing fee on your total. You expect 100 percent accuracy for what you put in and we wanted to hold them to it. So, we took coins of all denominations to ten coin counting machines.

Why does Coinstar charge so much?

For every $100 you deposit into a Coinstar machine, you’ll lose nearly $12. That’s a high charge just for counting coins! Because they’re basically the only coin-counting company out there, Coinstar can get away with charging these high fees. Most people feel like the convenience of the kiosks makes it worth it.

Which banks have free coin counters?

What Banks Have Free Coin Counting Machines?

• American Eagle Credit Union: Free for customers, 10% for noncustomers.
• Apple River State Bank: Free for customers.
• First County Bank: Free for customers.
• Glenview State Bank: Free for customers.
• Hancock County Savings Bank: Free for customers.

Does Coinstar accept pennies?

Yes, Canadian pennies are still accepted at our Coinstar Machines.

Can a bank refuse to accept coins?

There is no federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law that says otherwise.

What do I do with all my coins?

Here are 10 ways to make those coins work for you.

1. Roll It Up. …
2. Open a Savings Account. …
3. Save for Holiday Gifts. …
4. Create a Vacation Fund. …
5. Teach Your Kids About Saving. …
6. Start a College Fund. …
7. Put It Toward Your Latte Fix. …
8. Donate to Charity.