Looking to cash in your coins for free nearby?
Saving coins is a sneaky way to save money without even realizing it. But when you have a jar full of loose change, figuring out how to turn it into cash without paying a fee can be tricky. Luckily, there are places that offer free coin cashing services so you can get the full value of your saved money.
This article will guide you on where to exchange your coins for free near you. We’ll also look at the pros and cons of using Coinstar machines and share tips on finding coin exchanges in your area. Plus, we’ll explain how to roll your coins if that’s an option for you.
Key Points:
– Many places will cash coins without charging a fee.
– Local banks and credit unions are often the best options.
– Coinstar machines are convenient but usually come with a fee, though no-fee e-gift cards are available.
– Rolling your coins and using free services from banks can save you money.
9 Places To Cash Coins For Free (Or Cheap!)
Finding the right place to exchange your coins can save you money. Some coin exchange machines charge up to 11.9% to convert your change into cash, which can add up. Here are the best places to cash coins for free near you:
1. **Wells Fargo**: If you’re a customer, you can cash your coins for free at any local branch.
2. **Credit Unions**: Many credit unions offer free coin exchange services for members and sometimes even for non-members.
3. **Bank of America**: Customers can cash coins for free, but you need to roll them first.
4. **Chase**: Chase customers can cash coins without fees, but check if your branch accepts coins.
5. **U.S. Bank**: Account holders can cash coins for free without needing to roll them.
6. **QuikTrip**: Some locations allow free coin exchanges, especially during coin shortages.
7. **Target**: Stores with Coinstar machines charge a fee, usually around 11.9%.
8. **Citi Bank**: Customers can cash coins for free at local branches.
9. **Coinstar Machines**: Found in many stores, Coinstar charges a fee but offers no-fee e-gift card options.
**What is Coinstar?**
Coinstar machines are found in grocery stores and retailers, allowing you to convert loose change into cash, gift cards, or charitable donations. To find a Coinstar kiosk near you, use Google Maps or visit Coinstar’s website.
**Coinstar Fees**
Coinstar charges an 11.9% fee to convert coins into cash. However, you can avoid this fee by choosing an e-gift card option.
**How to Use Coinstar**
1. Find a Coinstar machine.
2. Pour your coins into the machine.
3. Choose to get cash (with a fee), a no-fee gift card, or donate to charity.
4. Check the return tray for rejected coins.
5. Redeem your voucher if you chose cash or use the e-gift card code.
**How to Roll Coins**
Rolling coins can help you cash them in for free at banks or credit unions. Here’s how:
1. Gather and separate your coins by denomination.
2. Use coin rolls, available at banks or online.
3. Fill the rolls with the correct number of coins:
– Pennies: 50 per roll
– Nickels: 40 per roll
– Dimes: 50 per roll
– Quarters: 40 per roll
4. Secure the rolls and take them to your bank.
**Frequently Asked Questions**
– **Where can I cash in coins for free?**
Banks like Bank of America, Wells Fargo, and U.S. Bank, as well as some credit unions and QuikTrip stores, offer free coin exchanges.
– **Where can I find a free coin counting machine?**
Certain banks, credit unions, and QuikTrip stores have free coin counting machines.
– **Do all banks cash coins for free?**
Not all banks offer this service for free, and it often depends on whether you have an account with them.
– **Which banks offer free coin exchange services?**
Banks like Bank of America, Wells Fargo, U.S. Bank, Citibank, and Chase, among others, offer free coin exchange services.
– **Are coin sorting and counting machines accurate?**
Generally, yes, but there may be a small margin of error.
– **Are there alternatives to Coinstar for cashing in coins?**
Yes, banks, credit unions, and some stores like QuikTrip can be better options.
– **How much does Coinstar take out of $100?**
Coinstar charges around 11.9%, so you’d get $88.10 for $100 in coins.
– **Does Walmart have free coin exchange services?**
Walmart locations have Coinstar machines, which charge a fee unless you choose a gift card option.
– **Are there free coin deposit options at Bank of America?**
Yes, for customers, but call your local branch to confirm availability.
**Summary**
Turning your loose change into cash or gift cards without fees is possible at local banks, credit unions, and some stores. Always call ahead to confirm services and avoid unexpected fees. Happy coin cashing!