Do you have some old coins lying in a sack under your bed at home? Do you know that there are coin counting machines near you? This is probably the best time to convert those coins into cash.
Peradventure you don’t know what a coin machine is or you have been searching for a ‘coin counting machine near me‘ this article will help you.
You will understand all you need to know about a coin machine, how it works, and how you can make some cash using it. Let’s find out the deets:
Coin Counting Machine Near Me
Use our ‘coin counting machine near me’ locator to discover the nearest coin machine in your locality. First of all, fill in your zip code in the box below, and ensure you have enabled Google Map pop-ups on your device.
What is a Coin Counting Machine?
A coin machine is a device that helps you convert your seemingly worthless coins into valuable cash. It counts your coins and offers you an opportunity to get the value of your coins in cash, minus the fee you are charged for the exchange.
How Does a Coin Machine Work?
You can find coin machines at supermarkets and retail stores nationwide. All you need do is drop your coins in the machine, and leave the machine to sort and count the coins deposited in it.
Once the process of counting is over, it displays the total value of your coins for you to see. You can then cash out your money.
Coin Machine Vs. Automated Machine
A coin machine and an automated machine will both give a specified/desired amount of money after your transaction must have been processed. The money you’ll get from using a coin machine and an automated machine will always be cash except you’re not taking cash but exchanging your money for other available financial values.
Meanwhile, the difference between the two is that a coin machine takes in coins in exchange for cash, while an automated machine takes in a card in exchange for cash.
Also, you get to take your card back after use at the automated machine to use at another time, but a coin machine takes your coins and takes them forever after giving you in cash the value of the coins deposited.
Also, other transactions can be carried out using an automated machine, while transactions carried out using a coin machine are limited. Take, for example, the most popular coin machine type, COINSTAR.
How Do I Use a Coin Machine?
Using a coin machine is very simple. Here are some important steps you should follow:
- Locate a coin machine
- Follow the prompts on the screen to get started
- Choose your payment method (if there are other payment methods aside from cash)
- Accept the terms and conditions
- Drop your coins into the machine. Make sure the coins are clean and dry before you drop them
- Lift the handle to tilt the receptacle so the coins can fall freely into the slot
- Check the machine for rejected coins in the bottom space while you patiently watch the machine count and display your dollar worth of cash
- Drop the rejected coins again
- Take your printed voucher and head to the register to get your cash
Where to Find a Coin Machine Near Me?
There are a few different stores that have coin counting machines near you; these include banks, credit unions, and some grocery stores.
Most of these machines are free to use, but there may be a small fee at some locations. Additionally, many of these machines only accept US coins, so if you have foreign coins, you may not be able to use them.
QuickTrip runs a convenience store and gas station and is ever willing to take your coins for cash. One good thing about QuickTrip is that you can find one of their stores near you.
2. Bank of America
If QuickTrip is far from your location, then maybe the Bank of America is closer. It is easy to cash out your coins with the Bank of America because they have branches almost everywhere in the United States.
You should also know that it is not compulsory you have an account with them before you approach them to take cash for your coins.
3. Wells Fargo
If you don’t have a QuickTrip and a Bank of America around you, then you might have a Wells Fargo Bank. However, unlike the Bank of America, Wells Fargo requires you to have an account with them before they can help change your coins to cash.
4. US Bank
If you don’t have the time to arrange all your coins into rollers, then the US bank is for you. The bank does not require you to put your coins in a coin roll. Instead, they will help sort your coins and even count them for you. People with a huge drawer full of coins would prefer to bring their coins to this bank.
Another interesting thing about them is that they do not charge you any fee to change your coins to cash.
Another place you can find a coin machine is in Kroger.
Kroger is a grocery store common in the United States of America. You can find their stores scattered throughout the country and you may find one which is not too far from where you stay.
You can use the cash received to do a bit of grocery shopping at their stores. The beauty of using the store is that it offers you cash for your coins and offers you an opportunity to use up the cash in the store.
Not all CVS stores will change your coins to cash, except the store has a Coinstar kiosk.
Meijer grocery stores are common in the Midwest. They specialize in fresh food and general merchandise. Also, you can find clothing, electronics, and seasonal goods at these stores.
The stores have Coinstar machines which are available to customers and non-customers. It should be recalled that the coaster will charge a 12% fee on the total value of your coins. After you get your cash, you can use the cash received to shop at Meijer.
Peradventure you don’t have all the aforementioned groceries stores and pharmacies around you, then you should have Walmart near you.
You can find a Walmart in every state of the United States. It takes every US citizen a few miles to stumble on one. Walmart stores also make use of Coinstar machines after you have gotten your cash.
WinCo is another store where you can get a coin machine to change your coins to cash. WinCo specializes in fresh food. Their stores can be found in the western half of the country, from North Texas, Oklahoma, and Kansas to the west coast. So, if your location happens to fall within this part of the country, you’re probably not far from a WinCo store.
WinCo also uses Coinstar machines to cash in customers’ coins. As a grocery store that specializes in fresh food, you would find fresh meats, baked goods, and fresh produce at their stores.
Payomatic stores are common in New York. The stores are primarily financial centers that provide several financial services to customers. You can transfer money through Western Union, take out money, cash checks, and perform other financial operations.
Their stores also have Coinstar machines in their stores, which allow customers to cash their coins. If you want to, you can deposit your money, transfer your money or do whatever pleases you with it at the store since you’re in a money center.
The employees are experts when it comes to using the machine and is willing to be of help if you need their assistance.
Safeway is a local grocery store where you can cash your coins. Their stores are smaller when compared to other grocery stores and focus on groceries and beauty products.
However, Safeway stores have Coinstar machines in them where customers can easily cash their coins for a fee.
Target is another popular store that is spread across the United States. The store is primarily a department store but it also sells some produce and groceries.
A popular saying is that you go to Target to buy one thing and come out with a whole lot more.
Their stores also have the Coinstar machines available to customers to cash their coins for the usual fee. That said, people tend to overspend at Target, which makes cashing coins at their stores seemingly dangerous. However, Target makes cashing your coins convenient.
CitiBank is another popular bank that offers exchange for coins services. However, only customers of the bank can enjoy the service. Although Citibank charges a small fee for the service, the fee charged is cheaper when compared to what Coinstar charges.
14. Community Savings Bank
Community Savings Bank is a regional bank in the United States. If you are close to one of the banks, then you can cash your coins.
The beauty of cashing your coins with Community Savings Bank is that you’re not required to be a member of the bank to cash your coins, since it is a regional bank.
While some of the branches will not charge any fee to change your coins to cash, some may charge a little fee. However, you may want to call the branch ahead of time to book an appointment to ensure you’re getting the best deal.
15. Western Credit Union
One of the services provided at the Western Credit Union is cashing coins. While you are not required to be a member of the bank to enjoy the service, you may want to consider joining their membership to enjoy their other widespread services.
Cashing your coins through the bank offers you an opportunity to save more when compared to the fee charged by Coinstar.
16. First County Bank
You have to have an account with First County Bank to change your coins to cash. However, you should call the bank to ascertain if they require you to roll your coins first. You don’t want to carry your heavy bag of coins to the bank only to discover they won’t accept them as they are.
Since you’ll be charged a lesser fee than Coinstar at First County Bank, you are likely to go home with more cash in hand.
17. Local Banks and Credit Unions
Local Banks and Credit Unions are most likely to help you cash your coins. However, you should call them ahead of time to ascertain if you’re required to be a member to exchange your coins for cash. Also, you may want to see if they charge any fees and how much they charge.
You can also check the fees charged at different banks and go for the one with the lowest fee.
What is Coinstar?
Coinstar is an American company providing coin and E-payment services to the people of North America and Europe. With over 60,000 kiosks, Coinstar helps its customers convert coin change to banknotes, exchange gift cards for cash, and do donations for charity.
Coinstar Kiosks Near Me
Coinstar Kiosk is a very popular type of coin machine. It has its kiosks scattered nationwide and allows you to cash out your coins in three different ways:
- As a donation to any charity of your choice (free)
- As cash (12% fee)
- As an eGift Card that can be redeemed at 21 retailers and restaurants (free)
What Stores have the Coinstar Kiosks?
Coinstar Kiosks are located in major stores in the United States, including:
- Rouses Market
- Northgate Market
If the stores listed above are not near you, click on Coinstar Kiosks Near Me to locate a store closer to you.
How to Use the Coinstar Kiosk?
Follow the guide below to use the Coinstar machine.
- The first thing to do is to locate a Coinstar Kiosk near you.
- The kiosk has a prompt on its screen, study it to get started.
- Choose the payment option (you can decide to take cash, convert it to an eGift card, or even donate it to charity).
- Accept the terms and conditions after a good study.
- Add your dry clean coins to the tray and help your coins get into the slots by lifting the tray.
- After your coins have been sorted out, the machine will let you know if any of your coins have been rejected.
- Take the rejected coins from the slot underneath, clean, and resubmit.
- After the machine has calculated the worth of your coins, you’ll receive a voucher for the payment option you selected (cash, eGift, or donation to charity).
- Take your voucher to the register.
How Much Does It Cost to Use a Coin Machine?
You are likely to pay as little as nothing and as high as 12% of the total worth of your coins to use a coin machine. Some banks charge no fee for cash coins, while others may charge a little fee.
Coinstar happens to be the most popular coin machine type with the highest and it charges the highest fee.
Coinstar will take 12% of the total value of your coins as a fee. So, if your coins are worth $1000, you get to go home with $880. However, you can cash out your coins as an eGift card or donate the funds, using the Coinstar machine to avoid the fee.
The eGift Card can only be redeemed at these 21 retailers and restaurants:
- Chili’s Grill and Bar
- Chuck E. Cheese
- AMC Theaters
- Gap, Old Navy, Banana Republic, and Athleta stores
- Southwest Airlines
- The Home Depot
Where Can I Change My Coins for Cash for Free?
Since the most popular coin machine type will charge a 12% fee on the total worth of your coin, you may want to consider other places where you can cash your coins for free. Several banks provide this service for free.
You can trade your coins for free at your bank if you have the time to sort them and roll them up in paper wrappers. Some banks may even throw in paper coin rolls.
What Banks Have Free Coin Counting Machines?
In the past, most banks had coin counters for customers’ use. Over time, the counting machines vanished. Today, only a few banks have coin counters available, and the machines in most cases are only available to their customers.
Here is a list of some banks and credit unions that still have free coin counters:
- First County Bank: Coin counters are free for customers
- Glenview State Bank: Coin counters are free for customers
- American Eagle Credit Union: Coin counters are free for customers, but a 10% fee is charged for non-customers
- Apple River State Bank: Coin counters are free for customers
- Hancock County Savings Bank: Coin counters are free for customers
- JBT Bank: Coin counters are free for customers, but a 5% fee is charged for non-customers
- Manasquan Bank: Coin counters are free for customers
- State Bank of Dekalb: Coin counters are free for customers
- TCF Bank: Coin counters are free for customers, but a 10% fee is charged for non-customers
- People’s United Bank: Coin counters are free for customers
- Shelby Savings Bank: Coin counters are free for customers
- Westerra Credit Union: Coin counters are free for customers
1. Do I Need to Pay to Use the Coin Machine?
You don’t need to pay any amount before you use the coin machine. However, to use most machines, you’re charged a fee which will be deducted after you have converted your coins to cash. To use the Coinstar machine, you will be forfeiting the 12% value of your coins to settle the charges. This is why most users of Coinstar prefer to cash out their coins as an eGift Card.
2. What Amount of Coins Do You Need to Make Use of a Coin Machine?
You don’t need to go around collecting coins up to a specified amount before you can use the coin machine. You can bring whatever amount of coins you have to the machine in exchange for cash. However, the more your coins, the more cash you will get.
3. Do You Need Help Using the Coin Machine?
The machine is very easy to use, so you probably wouldn’t be needing anyone’s assistance. However, if you’re confused and think you need help, you can take the help of a fellow customer at the coin machine stand to put you through or check how it is done on YouTube.
4. Do I Need to Travel to Use a Coin Machine?
Traveling or not will depend on how far your home is from the coin machine. You don’t need to travel far to use a coin machine as they are scattered everywhere in the United States and can be easily located.
5. Can I Get Someone Who is Experienced to Help With the Coin Machine?
Of course, you will always find an experienced individual who will guide you on how to use the coin machine if you feel you need help. Some people have used the machine countless times and would be there at that instance when you require help. Many of them, especially those who are behind you will be willing to help.
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