How accurate is Coinstar (coin counting machine)?

[jinduy]

what's a J?

 

[Tim]

A joint.

 

[Jeff7]

Pay for things with credit/debit. No cash used = no change generated.

 

[simonizor]

banks don't take loose change, you have to roll it first before you can exchange it at the bank

What banks are you going to? Why would you have to roll it up? That would defeat the purpose of having them put it into the counting/sorting machine.

 

[ChaoZ]

ta hell they don't.
I (well my son) takes in his change ALL the time and they take it in. No fee. No deposit required. (we have an ccount there).

YMMV. My local BofA doesn't do that.

 

[Homerboy]

YMMV. My local BofA doesn't do that.

BoFA? Enough said.

 

[ChaoZ]

BoFA? Enough said.

It's only a block away from where I live. I can't help it.

 

[Eli]

I have never been to nor heard of a "bank" that requires you to roll your change. WTF? It's a bank, they have to count it.

Fortunately, 99%(?) of them have coin counting machines. Because.. they're a bank.

 

[JEDI]

I have never been to nor heard of a "bank" that requires you to roll your change. WTF? It's a bank, they have to count it.

Fortunately, 99%(?) of them have coin counting machines. Because.. they're a bank.

i have citibank. they will only take $2 max loose change at the teller.

for anything more it has to be wrapped

 

[AlienCraft]

learn to use your coins. is it that hard? the next time you go out, carry 50 cents of pennies on you. pre counted. so when you need 2 quarters, pull that out.

rinse and repeat. Carry $1 worth of nickels or dimes on you. Use them as you need.

The inability for people to use change boggles my mind. That's how coinstar makes a killing.

Agreed. I keep change to a minimum in the car simply by making change from that when purchasing anything.

< has less than $10.00 in change in mass storage container.

 

[AlienCraft]

I have never been to nor heard of a "bank" that requires you to roll your change. WTF? It's a bank, they have to count it.

Fortunately, 99%(?) of them have coin counting machines. Because.. they're a bank.

It's been this way for BofA for atleast 15 years and my credit union for almost as long.
Most banks won't touch it if you don't have a merchant account.

Name & account number on the rolls and the Credit Union takes whatever I've got.

 

[Numenorean]

learn to use your coins. is it that hard? the next time you go out, carry 50 cents of pennies on you. pre counted. so when you need 2 quarters, pull that out.

rinse and repeat. Carry $1 worth of nickels or dimes on you. Use them as you need.

The inability for people to use change boggles my mind. That's how coinstar makes a killing.

The inability for people to not know what the hell to do with a debit card boggles my mind.

I never have change anymore.

 

[TridenT]

My bank account is at Umpqua bank. I almost always counted my change before I deposited it. They'd just take it all to the back to their counting machine and then give me a number and say, "Alright, you have $XX.XX, does that sound right?" I'd say yes... and we'd all be happy. I've stopped counting at this point because I trust them enough.

So, take it to your bank. If they don't accept it unless it's in rolls... get a new fucking bank account somewhere else that has better service.

 

[JEDIYoda]

Banks have their own industrial rolling machines. They don't want you shorting them a coin or two per roll.

wrong.....they arent worried about a few pennies here and there. But they do know how much 50 cents worth of pennies weigh when rolled!

 

[zerocool84]

Meh I've gone twice and the most it's shorted me was 40 cents out of a hundred dollars. Not a big deal and it saved me tons of time. I'd definitely go again.

 

[dpearson]

If I'm not mistaken, Coinstar also takes a 8&#37; cut.

You know, for the cost of using the machine.

 

[zerocool84]

If I'm not mistaken, Coinstar also takes a 8% cut.

You know, for the cost of using the machine.

If you take cash. I get Amazon gift cards and get the full amount.

 

[ebaycj]

If I'm not mistaken, Coinstar also takes a 8% cut.

You know, for the cost of using the machine.

Unless you get store credit or a gift card. Then it's a much more reasonable rate (might even be zero).

 

[blinblue]

My credit union has a coin counting machine. I've been meaning to bring in my collection sometime. No idea how accurate it is, but I'll be sure to count it before to see what the tallies are

 

[dpearson]

If you take cash. I get Amazon gift cards and get the full amount.

Really? I thought the only options you had with Coinstar were cash and donation to charity. Though it's been several months since I used one. I'll look into that the next time I take my coins in.

 

[zerocool84]

Really? I thought the only options you had with Coinstar were cash and donation to charity. Though it's been several months since I used one. I'll look into that the next time I take my coins in.

All the ones I've ever seen have cash, donate, and giftcards for many different stores and online stores. They don't take any money out if you get a giftcard for one of the stores on it.

 

[lxskllr]

Back when I was hoarding coins, I'd take a portion out for the day, and replace it with paper. No rolling, no hassle at the store, and I'd get every penny I cashed out. I spend change as I get it now.

 

[CallMeJoe]

If you take cash. I get Amazon gift cards and get the full amount.

This varies by location. Several stores in my area have Coinstar machines, but not all of them have the toll-free giftcard option.
WalMart is one chain that has only the count-for-fee machines...

 

[zerocool84]

This varies by location. Several stores in my area have Coinstar machines, but not all of them have the toll-free giftcard option.
WalMart is one chain that has only the count-for-fee machines...

Ahh ok got ya.

 

[CallMeJoe]

You can go to Coinstar's website and find machine locations along with available services at those locations.