With the advent of online banking, contactless payments, and digital payment options, there are fewer and fewer people who go around holding cash nowadays. And with cash payments becoming less common, people are finding that holding on to coins can be annoying.
On top of that, figuring out how much your bag of coins is worth and actually using them to make payments can be a hassle. So, that’s why there are so many coin machines available, to allow people to easily convert their coins into bills so that they are easier to handle.
And for a lot of people, the most popular brand for these machines is Coinstar. You can find Coinstart machines in a lot of places, making it easy for you to convert your coins into bills.
But can you use Coinstar machines at Walmart?
In this article, we’ll find out.
Keep reading to learn whether or not you can find Coinstar machines at Walmart, how to use them, the fee for using them, and even ways you can avoid paying the Coinstar fee.
Read on to learn more.
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Yes, there are many different Walmart locations all over the US that have Coinstart kiosks in their store. Not all Walmarts have machines available, but it isn’t uncommon for Walmart to have Coinstar machines on top of all the other automated kiosks in their store.
You can use a Coinstar machine at Walmart to convert your coins into bills, with a $2,000 limit per transaction.
How Does Coinstar Work At Walmart?
If your local Walmart has a Coinstart kiosk, using the machine is very easy and simple. All you have to do is go to the machine, drop in all your loose coins, then the Coinstar does the rest.
After you drop the coins into the machine, Coinstar will then count all your coins, sort them, and show you how much they are worht. However, keep in mind that these machines read the coins as you put them in, so make sure not to overload the machine to make sure you get an accureate reading.
Coinstar charges a fee for all their transactions and customers are limited to $2,000 per transaction. However, there are ways you can avoid the fee, but we’ll get to that later.
After the amount of your coins is calculated, Coinstart prints out a receipt, which you show to the cashier to receive your cash with the fee deducted.
What Is The Walmart Coin Machine Fee?
When you use the Coinstar machines at Walmart, you will be charged an 11.9% fee.
So, for example, if you put in $200 worth of coins, the fee will be around $24, so you will receive $176 when you go to the cashier. When you use a Coinstar machine, the fee is automatically deducted so you won’t have to bring extra cash on your to cover the fee.
Whenever you use a Coinstar fee at Walmart and opt to receive cash, you will have to pay the fee. However, receiving the money in cash isn’t your only option. For example, after calculating the coins, Coinstar will give you the option to receive the money in cash or donate the money.
If you choose to donate the money, you won’t be charged any fees. On top of that, you can also opt to receive a gift card worth the same value of your coins as well. The catch is that you can only use the gift cards at participating stores like Starbucks and Amazon.
Whenever you choose any of the options that don’t involve receiving the amount in cash, you don’t get charged any additional fees.
The Coinstar website features a “Find a Kiosk” tool.
With this tool, you won’t have to do extensive research to find Walmart locations with a Coinstar as all you have to do is input your address. From there, the website scans all the Coinstar locations in your general vicinity.
If you have a bunch of coins you want to get rid of, you may be able to go to your local Walmart and use the Coinstar machine (if they have one). With the machine, you can just drop in all your coins, then it will calculate the amount for you. From there, you can choose to receive the money in cash (with an 11.9% fee), or opt to donate the money or receive a gift card for participating in stores which allows you to avoid the fee.