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Luckily for you, we’re here to show you how to deposit your coins for free and Coinstar allows you do to do it.It’s not illegal and they even show this on their site.I think this is the best way to deposit your coins and not pay a fee.If you shop places like Amazon.com, like I do, then this could be a good way to get rid of your coins and use your money for something you want.I hate how it’s so much of a pain to deposit or exchange real legal tender. I think we might have to blame our consumer culture of switching to plastic, the expense of keeping coins, and companies like Coinstar.I’m sure most of you are familiar with Coinstar, but for those who aren’t, this company produces coin counting systems that are placed in stores.Instead of getting cash for your coins, you can choose to get an e-gift card instead. If you need to get some shopping done, then you can just choose those instead. Free coin counting is available at most locations in the United States if you cash in your coins for an e Gift Card.Their list of retailers have grown, so I want to show you which ones you can choose to bypass the Coinstar fee! We have more than 20 stores and restaurants to choose from.
Yep, that’s right, you have to pay them money to get cash from your coins.If you choose the other two, no fee is taken from your coin amount.By selecting cash, you get a printed receipt from the machine.On our quest to get people to realize they need to stop paying bank fees, we also wanted to share that with people who use the popular Coinstar coin machines.I’ve used them many times in the past, but always hated paying them nearly 12% to process the coins.I get a lot of emails about the subject to this day and that post was over four years ago.I still see a lot of chatter on forums about banks around some towns not accepting coins at all.If you decide to turn your coins in for cash, there is a 11.9% coin processing fee. As you can see, all of them require at least to get an e-gift card.If you don’t have enough coins to get a gift card, don’t use Coinstar. There are a wide variety of retailers which are available to get e-gift cards.When you drop your coins in their counter, it takes some time to count each coin. You can choose to get paid with cash, get a gift card to certain store (see below), or donate to a charity.It will even drop out a few in a little tray that it couldn’t figure out (sometimes those coins might not be accepted currency). If you select cash, that’s when the fee is taken out.