Is Coinstar a ripoff?

by Sally

If you shop at a grocery store or places like Walmart, you’ve likely seen the name Coinstar. These big, green, coin-counting machines promise to turn your water-bottle-full-of-pennies into cold, hard cash–all without the hassle of paper rolls and endless counting.

ainsi Do Coinstar machines take pennies? These machines allow people to easily deposit loose change into a machine for a cash voucher that can be then cashed in to a cashier. … Coinstar machines still accept pennies, so if you don’t want to go to a bank, using a Coinstar machine to cash in your pennies is a viable option!

How much does Coinstar charge for $10? Choose one of our three convenient options: get cash, which has an 11.9% fee (fees may vary by location), select a NO FEE eGift Card, or make a donation to your favorite charity.

de plus, How do I avoid Coinstar fees?

To avoid the Coinstar fee, there are two ways to cash your coins for free. First, you can sort and fill your own rolls of coins and take them to your bank to deposit or exchange for cash. Depending on how much change you have, the process might be time-consuming, but at least you’ll save money.

Where can I cash change in for free?

Chains

  • Local bank or credit union. Your local bank or credit union branch may let you exchange coins for cash via coin-counting machines, letting you to roll your own coins, or take coins in another way. …
  • QuikTrip. …
  • Safeway. …
  • Walmart. …
  • Target. …
  • Lowe’s. …
  • Home Depot. …
  • CVS.

How much is a 1000 pennies worth? The amount of dollars that 1,000 pennies is equal to is $10.

What banks have free coin counting machines? What Banks Have Free Coin Counting Machines

Bank Customers Non-customers
Hancock County Savings Bank Free
Republic Bank (NJ/PA) Free Free
People’s United Bank Free 8% fee (to increase to 11%)
American Eagle Federal Credit Union Free Free

• Nov 29, 2021

How do you get rid of pennies? If you don’t want your pennies, your bank will take them. Count them out, roll them in coin wrappers (ask your bank if they can give you some for free), and deposit them into your account. There are a few banks that will count coins for free and exchange them for bills so you can walk away with cold, hard cash.

How accurate are coin counting machines?

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. … We brought in $25 in coins and counted it twice for accuracy. The cash used included 70 quarters, 50 dimes, 40 nickels, and 50 pennies.

What banks have a free coin counter? What Banks Have Free Coin Counting Machines

Bank Customers Non-customers
People’s United Bank Free 8% fee (to increase to 11%)
American Eagle Federal Credit Union Free Free
Westerra Credit Union Free
Chase No Counters

• Nov 29, 2021

Is CoinStar free at Walmart?

Yes, Walmart does have Coinstar Kiosks in most of their stores which can be found toward the front of the store next to the checkout counters. When using a Coinstar Kiosk at Walmart, customers will be charged an 11.9% fee which can be avoided when selecting the “free gift card” option.

Are there any free coin machines? 1. Your Local Bank. Many banks have coin counting machines. You typically have to be a member to have coins counted for free.

Is Coinstar free at Walmart?

Yes, Walmart does have Coinstar Kiosks in most of their stores which can be found toward the front of the store next to the checkout counters. When using a Coinstar Kiosk at Walmart, customers will be charged an 11.9% fee which can be avoided when selecting the “free gift card” option.

Do banks accept coins?

Consumers can turn in their coins for cash at banks, which will give them their full value. Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers. … Some credit unions and community banks still have coin-counting machines.

What is a million pennies? A million pennies equal $10,000. There are 100 pennies, or cents, in each US dollar.

How many dollars is 5 million pennies? When we convert 5 million U.S. pennies to U.S. dollars, we get 50,000 dollars.

How many pennies are in $50000?

You want to create 50,000 dollars, or make change for 50,000 dollars? …at Coinstar , you’ll need 5,675,369 pennies (there’s a fee of 11.9%, which would be 675,369 pennies, so you’ll have 5,000,000 pennies left over to convert to your desired $50,000).

Does CVS have coin counting machines? This summer, CVS/pharmacy will begin offering customers the chance to convert their coins into a CVS card using the Coinstar Center kiosks located in its stores. The Coin to Card service allows consumers to convert their loose change to a CVS card at the Coinstar kiosk and pay no coin-counting fee.

Why the penny is bad?

Making pennies wastes natural resources and is toxic to people and the environment – Pennies are 3 percent copper, and 97 percent zinc and are primarily made from virgin ore. … The process of refining both metals can release sulfur dioxide (SO2), lead and zinc into the environment.

Can you buy Canadian pennies? In Canada, production of the penny stopped in 2014. However, the penny retains its value. Although the penny has been phased out, it still remains legal tender.

Why the penny is worthless?

Value: The penny has almost no value. It made sense to have it 100 years ago when you could buy food and even gas for a few cents. People used to get paid by the penny because it had actual value. … However, due to inflation, the penny slowly becomes more and more worthless with every year that passes.

How much does it cost to use the coin machine at Walmart? When using a Coinstar Kiosk at Walmart, customers will be charged an 11.9% fee which can be avoided when selecting the “free gift card” option. The limit for coins accepted is $2,000 in one transaction.

What are old wheat pennies worth?

Most wheat cents (wheat pennies were minted between 1909 and 1956) are worth about 4 to 5 cents. Those in better condition can have double-digit value. Special examples (especially those in near perfect condition) can be worth much more. Indian Head pennies from 1859 to 1879 are generally worth more than $10.

Do banks charge to count coins? Consumers can turn in their coins for cash at banks, which will give them their full value. Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers. … Some credit unions and community banks still have coin-counting machines.

N’oubliez pas de partager l’article avec vos amis!

Related Articles

Leave a Comment