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If you’re interested in doing away with any high bank fees, check out our list of free checking accounts and say “no” to bank fees!One of my most popular posts on this blog was when I wrote about how it seems many banks don’t accept coin deposits anymore.Well, after looking around, I was able to find a way to get them to process my coins for free and it’s not illegal. The caveat is you don’t get your coins back in cash, but in a different form.Read below to see how you can skip the Coinstar fee and save yourself some money in the long run.I get a lot of emails about the subject to this day and that post was over four years ago.
Coinstar doesn’t give you money from their machine.
I hate how it’s so much of a pain to deposit or exchange real legal tender. I think we might have to blame our consumer culture of switching to plastic, the expense of keeping coins, and companies like Coinstar.
I’m sure most of you are familiar with Coinstar, but for those who aren’t, this company produces coin counting systems that are placed in stores.
I hate having to pay money for convenience products, especially when the coin deposit market seems undeserved by those who should be serving it most. If all we had were Coinstar machines, then the fee might be lower.
Either way, who wants to give up 12% of their money just to have it counted and exchanged for bills? Coinstar does give you the ability to bypass their fee.