How much does coin star machine charge for counting change?Which banks have coin counting machines?
The low-tech, tried and true method of dumping all of your loose change in a jar at the end of the day is a pretty easy way to save some dough.When you are ready to deposit your coins, what do you do?
Do you want to sit there for hours, packing your change into rollers, or do you prefer to use a coin-counting machine?
There is a fee to count your change at coinstar locations.
You need to make sure that you get the most bang for your buck if you have a lot of change.
Why do people use these machines in the first place?
If your bank is willing to take your coins off your hands, they may charge you a fee for processing them.Part of the cost gets passed on to the customer when a bank ships coins off-site.
Not everyone has the time or patience to sit around and misplace those paper wrappers for hours on end.
When you consider that they are just changing out money you already have, what Coinstar charges is pretty outrageous.
When you have a large amount of change to cash in, there are some alternatives for cutting down on the fee.
Coins can be exchanged for electronic gift card vouchers for some of the most popular brands, if you discover a small fortune under your couch cushions.
The machine prints out a receipt with a unique code that you can use the same way you would a physical gift card.
It's important to know the limits on how much change you can swap out for a gift card.
Five of the most popular picks, along with minimum and maximum limits, have been highlighted.
Some banks have free coin counter machines.If you are not a customer, you may have to pay a fee to have your coins counted.
Most banks want you to roll the coins on your own.The teller can give you free coin wrappers.
If you go to the self-checkout area at Walmart, you can use your change to pay for your purchases.
If you are lucky enough to have a bank that offers a coin counting machine in its branches, you need to look at how the bank's fee compares to the one Coinstar is charging to see which is the better deal.
It is convenient and you can write it off on your taxes if you use coinstar.
It does eliminate the cost of using Coinstar, but you will still have to wrap the coins yourself.
When it comes to figuring out what to do with your change, be sure to factor in how long it would take you to roll those coins against the fees that your bank or coinstar would charge.