Coinstar fees: What you need to know

If you've found yourself with a jar, cup, or even a piggy bank full of coins, you might be considering using a Coinstar kiosk to exchange those coins for cash or an eGift Card. But what about the fees? Here's everything you need to know about Coinstar fees before you head to the nearest kiosk.

Coinstar fees: Is there a charge to use the kiosks?

The short answer is: Not always. Coinstar offers a convenient way to get cash for your coins, but how much it costs can vary based on how you receive your money.

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Opting for an eGift Card: A fee-free choice

One of the most attractive options Coinstar offers is the ability to turn your coins into an eGift Card without incurring any service fee. You can choose to receive your money through an eGift Card with a 0% fee. Coinstar boasts partnerships with over 20 stores and restaurants, though it's worth noting that the availability of eGift Card brands may vary by location.

Turning coins into cash: Understanding the fees

If you decide that cold, hard cash is what you're after, then you'll need to be prepared for a service fee. For the convenience of turning your coins into cash, Coinstar charges a service fee of up to 12.5%, along with a $0.59 transaction fee. Keep in mind, however, that fees may vary depending on where you're using the Coinstar kiosk.

Why fees exist and how to avoid them

The fees associated with using Coinstar's cash option help cover the costs of counting and sorting the coins, as well as maintaining the kiosks. If you're looking to avoid these fees, opting for an eGift Card is your best bet. You bypass the service charge and get funds to use at specific retailers and restaurants.

Making the most out of your Coinstar visit

Before you visit a Coinstar kiosk, here are a few tips to make the most out of your experience:

• Check the list of available eGift Card options on Coinstar's website to see if there's a brand that interests you.

• Prepare your coins by removing any foreign objects, dirt, and debris.

• Consider the fee when choosing between cash and an eGift Card; fees can vary by location. 

• Visit the Coinstar kiosk during off-peak hours to avoid long wait times.

• Keep an eye out for promotions or special offers at Coinstar kiosks offering reduced fees or free transactions during certain periods.

Coinstar kiosks offer a practical solution for turning loose change into something more usable. Whether you go the eGift Card route for a no-fee option or decide cash is king despite the fees, understanding how Coinstar fees work can help you make informed decisions and get the most value out of your coins.

This blog post is provided "as is" and should not be relied upon as a substitute for professional advice. Some content in this post may have been created using artificial intelligence; however, every blog post is reviewed by at least two human editors.