What bank has a coin dispenser?
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1. Your Local Bank
- Citibank (requires coin rolls and some fees may vary)
- Community Savings Banks (requirements vary)
- US Bank (no rolls but current customers only)
- Bank of America (requires coin rolls)
- First County Bank.
- Western Credit Union.
- Peoples United.
Many big banks have phased out their coin-counting services in recent years, but the regional banks or credit unions that do offer coin exchange likely do so at no cost to customers. There may be a small fee for noncustomers to use the bank's coin-counting services.
- QuikTrip. As a convenience store and gas station, QuikTrip wants to help you cash your coins for free. ...
- Bank Of America. Another place where you can cash your coins for free is at Bank of America. ...
- Wells Fargo. ...
- US Bank. ...
- CVS. ...
- Kroger. ...
- Meijer. ...
- Walmart.
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. Our first stop was to the Coinstar machine inside the Kroger on Jackman Road. We brought in $25 in coins and counted it twice for accuracy.
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What Banks Have Free Coin Counting Machines.
Bank | Customers | Non-customers |
---|---|---|
People's United Bank | Free | 11% fee |
American Eagle Federal Credit Union | Free | Free |
Just pour your coins into the kiosk and let us do the work. 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.
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.
- 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.
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How To Find Coinstar Alternatives That Really Are Free.
Financial Institution | Fee for Customers | Fee for Non-Customers |
---|---|---|
People's United Bank | Free | 8% fee |
Republic Bank (NJ/PA) | Free | Free |
Shelby Savings Bank | Free | N/A |
TCF National Bank | Free | 8.9% |
Coins can be rejected for being dirty, damaged, or just due to a machine error. Along with coins, I have also found lint, plastic, and nails in the Coinstar reject tray.
How do you clean a lot of coins at once?
In a plastic container like those for storing your leftover foods or a small child sized bucket, add 1 cup of white vinegar and soak 4-5 coins in it. The longer you leave them to soak, the better the effect of the vinegar will be. For coins that are more than 50% corroded, it's advisable to soak them overnight.
Most banks and credit unions require tellers to manually count coins or to run them through a change sorter.
Turn coins into cash, a charity donation, or a no-fee eGift card from top brands at a Coinstar kiosk in Walmart. In-store only.
The bank will still have counting machines of its own — but behind the counter where customers can't use them. A bank spokesman said that customers will have to roll coins ahead of time if they want to deposit them. Wells Fargo will supply the rolls, though, and business customers can enroll in a coin-deposit service.
Do ATMs take coins? Most ATMs do not take coins. If you want to deposit coins, you'll need to go into a branch and deposit them with a teller.
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).
U.S. Bank has either a self-service coin counter or a teller-operated counter in 115 branches and TCF maintains coin-counting machines in 88 branches.
- Pick up some coin wrappers in the denominations that you need (quarters, dimes, nickels, pennies) Some banks will give them to you for free if you ask politely. ...
- Separate your coins according to the amount listed on the wrapper. $10 quarters. ...
- Change to cash or deposit the amount into your bank account.
When depositing or changing, the bags are weighed at the bank to check they contain the right amount. The contents of the clear bag are easy for the bank teller to check.
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.
What percentage do coin machines take?
Calculate Coinstar's Fee
Coinstar's fee is currently set at 11.9 percent of the value of the coins you're exchanging. Basically: That's nearly $12 for every $100 in coins you feed to the machine.
- Roll It Up. ...
- Open a Savings Account. ...
- Save for Holiday Gifts. ...
- Create a Vacation Fund. ...
- Teach Your Kids About Saving. ...
- Start a College Fund. ...
- Put It Toward Your Latte Fix. ...
- Donate to Charity.
On July 2, 2013, Coinstar changed its name to Outerwall and started trading on the NASDAQ as OUTR. It was later delisted from the NASDAQ on September 27, 2016, after it was acquired as a private company by Apollo Global Management, who are its current onwer.
You may find Coinstar kiosks at major grocery stores and retailers nationwide including: Albertsons. CVS. Food 4 Less.
Coinstar, the maker and operator of spare-change counting machines, has announced a deal with Lowe's. Customers using Coinstar machines at 50,000 supermarkets and other locations can trade their spare change for a Lowe's "eCertificate," usable online and at Lowe's stores.
There is no law that requires banks to make change. In fact, laws to guard against money laundering prohibit banks from making change for any old amount. At PNC, "limited currency and/or coin exchange is permitted for non-PNC customers up to and including $25," said spokeswoman Marcey Zwiebel.
The bank will still have counting machines of its own — but behind the counter where customers can't use them. A bank spokesman said that customers will have to roll coins ahead of time if they want to deposit them. Wells Fargo will supply the rolls, though, and business customers can enroll in a coin-deposit service.
U.S. Bank has either a self-service coin counter or a teller-operated counter in 115 branches and TCF maintains coin-counting machines in 88 branches.
Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers. Some banks like Wells Fargo will exchange rolled coins for noncustomers without a fee. Wells Fargo says they offer coin wrappers and encourage people to deposit their rolled coins.
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.
Can I deposit coins at an ATM?
Do ATMs take coins? Most ATMs do not take coins. If you want to deposit coins, you'll need to go into a branch and deposit them with a teller.
One of the reasons banks are getting rid of the coin sorters is that they're notorious for shorting people, according to an NBC "Today" investigation in April 2016. At one TD Bank location, the machine spit out a receipt for $256.90, nearly 15 percent less than the $300 fed into it.
Turn coins into cash, a charity donation, or a no-fee eGift card from top brands at a Coinstar kiosk in Walmart. In-store only.
- Roll It Up. ...
- Open a Savings Account. ...
- Save for Holiday Gifts. ...
- Create a Vacation Fund. ...
- Teach Your Kids About Saving. ...
- Start a College Fund. ...
- Put It Toward Your Latte Fix. ...
- Donate to Charity.
...
How To Find Coinstar Alternatives That Really Are Free.
Financial Institution | Fee for Customers | Fee for Non-Customers |
---|---|---|
People's United Bank | Free | 8% fee |
Republic Bank (NJ/PA) | Free | Free |
Shelby Savings Bank | Free | N/A |
TCF National Bank | Free | 8.9% |
Start With Your Bank or Credit Union
Many banks and most credit unions offer a free conversion of coins to cash for account holders. They'll simply dump your change into a sorting machine and give you cash after the change has run through it. Some banks offer this service with a small fee.
- Pick up some coin wrappers in the denominations that you need (quarters, dimes, nickels, pennies) Some banks will give them to you for free if you ask politely. ...
- Separate your coins according to the amount listed on the wrapper. $10 quarters. ...
- Change to cash or deposit the amount into your bank account.
Bank of America
Bank of America does not charge a fee for customers to cash in their own coins. However, the bank does require customers to submit coins via coin rolls when cashing them in. In other words, you can't just dump a pile of coins on the desk and wait for the teller to manually sort them.