Of course, the more money you put into the machine, the longer it takes. That’s plenty of time to check up on your investments on your phone or scan your bank statement. What is Coinstar?Ĭoinstar is a kiosk that allows people to dump large amounts of coins into a bucket and the machine takes care of the rest.Ĭoinstar makes the process incredibly easy, as you literally just have to pour the money into the machine and stand there while it goes to work. While you’ll lose a sliver of your money, the self-checkout nature of the service means you’ll be able to convert your coins to cash quickly. The fastest and cheapest option could be to bring your coin to a kiosk like Coinstar. So, it’s really only a good option for people who have a substantial amount of money lying around the house. You may not even have $33 sitting around in coins. The main problem with this approach is that it will eat into your savings. On one hand, you can buy a coin sorting machine like the Royal Sovereign model from Amazon, which costs about $33 at the time of writing. Unfortunately, there’s no easy way around this. Money costs time, so this approach is simply not worth it (unless, of course, you have a lot of time on your hands because of the pandemic). It could take you months to sit there and manually sort through them and stuff paper wrappers. If you’ve ever tried to stuff coins into paper wrappers, then you know how time-consuming and tedious the process is–especially if you’re dealing with multiple buckets containing a mix of coins. This is where the process can get annoying. But most companies that let you cash in your coins require you to roll them up. How to Wrap CoinsĪ lot of people have coins lying around. The Westerra Credit Union is another organization that offers coin exchanges, but they are exclusive to members. Some credit unions also offer free coin exchange services for customers, and some even for non-customers.Īmerican Eagle Federal Credit Union offers free coin exchanges for all consumers. Other banks that offer similar services include TD Bank, Chase, Capital One, and Citibank. You can submit coins free of charge, without having to go through the process of putting coins into paper holders. US Bank does not require customers to submit coins via rolls. Wells Fargo is another bank that offers this service free of charge and also requires customers with bank accounts to use coin rolls. In other words, you can’t just dump a pile of coins on the desk and wait for the teller to manually sort them. However, the bank does require customers to submit coins via coin rolls when cashing them in. Bank of Americaīank of America does not charge a fee for customers to cash in their own coins. So, you could recoup 100% of your money without having to do any work except physically going into the gas station. If there’s a local store in your area, this is the first place you should head.Īt the time of writing, QuikTrip isn’t charging any service fees for coin exchanges due to the national coin shortage. QuikTrip owns a line of gas stations across 11 states, with 800 locations in total. Here are five places where you can access free coin counting and exchange services: In This Article 5 Best Places to Cash Coins for Free Whether you’re deciding to cash coins in with a financial institution or at a supermarket, you definitely need to know how much of a percentage the company might take. Wondering where to cash in coins for free? While most places charge a fee to transfer coins into cash, there are some companies that let you cash coins in for free, saving you money. This does not influence our recommendations or editorial integrity, but it does help us keep the site running. At no extra cost to you, some or all of the products featured below are from partners who may compensate us for your click.
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