Coinstar how does it work




















With every purchase at any one of these stores — including groceries like Walmart-your change will automatically go into the coin slot on side of the machine with no more need to carry it in our pockets. Coinstar makes it easy to cash in your loose change. Just pour your coins into Coinstar kiosks and let us do the rest. Points mentioned by Coinstar:. Probably not every time.

If you exchange your coins with an e-gift card, free coin count is available in most places in the United States. Coinstar has over 20 online stores and restaurants. If you decide to exchange your coins for cash, there is an Fees may be chargeable by location. If you are thinking of a bigger one through your small savings, Coinstar now gives you the option to exchange your coins for electronic gift card vouchers for some of the most popular brands around you, such as Walmart, Amazon, and many other brands stores.

Simply insert your coin, and select your desired gift card, and will print a receipt with a unique code by a machine that you can use the same store as you use a physical gift card.

Coinstar gives paper eGift Cards that have a unique code printed on paper. They work the same as plastic gift cards. Use can use your code when you pay at the store, restaurant or when shopping online. See for yourself. The coins get filtered once again thousands per minute , then go up a conveyor belt and down individual tubes, sorted into each denomination. Next, humans take the rolls and box them. Those get shipped off to customers — banks, stores, supermarkets, etc. Brinks also puts coins into canvas sacks like the type that cartoon bank robbers run off with , and those sacks go to the Federal Reserve, to be put back into general circulation.

The average lifespan of a coin, according to the U. Mint, is 30 years, so most of these coins probably have a long way to go still. This was often contracted out anyway.

Your best bets are regional banks and credit unions , which tend to have better customer service than large banks. Because the U. Not much. Publix have coin counting machines, but those charge a fee, too. Fees may vary by location.

Not all Coinstar kiosks provide all of the gift cards listed in the table below. They often update the retailers here and some only provide one option like Amazon. This is the updated list.

You really should wait until you get more coins. There are a wide variety of retailers which are available to get e-gift cards. I think this is the best way to deposit your coins and not pay a fee. If you shop places like Amazon. No one likes dusty coins! Step 1 — At the kiosk, pick the eGift Card you want. The selection of eGift Cards varies depending on location of the kiosk.

Step 2 — Add coins to the tray, lift the handle, and guide coins into the slot. Some kiosks accept bills too. Coinstar has also added some options on kiosk to donate your coins to charity. Their list is quite small, but at least there are some options there. This means you will not be charged a fee for using the machine and all your money can go to charity.

This could be a great way to teach children about giving. Currently, Coinstar only has seven 7 charities on their list. They include:. They indicate that not every charity is available on all kiosks.

You can go to their charity page and click each foundation to see where that donation option is available. Why do we need to find ways to use our coins without paying a fee? What do we tell our children who have piggy banks and want to deposit their coins? Do we have to take them to the closest Coinstar and show them how capitalism works along with convenience fees? Bypass the stupid Coinstar processing fee and keep all your coinage.

Why not treat yourself to your favorite retailer and use the coins for something for you. There is nothing wrong with splurging on yourself every once in a while! You can use their coin counting machines and get a receipt to use toward your Walmart purchase. If you are looking for a Coinstar kiosk near you, their own website makes it pretty easy.



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