Where Can I Cash In Coins For Free? Your Complete Guide

Introduction

Do you have a stash of coins lying around the house? Have you wondered how to cash in coins for free without paying a fee to a traditional bank? Fortunately, there are several methods you can use to cash in your coins without spending extra money. In this article, we’ll explore some of the best ways you can cash in coins for free and get the most value out of them.

5 Places You Can Cash in Coins for Free Without Leaving Your Home

Thanks to the internet, you can now cash in your coins right from the comfort of your own home. Here are some online services and apps that allow you to exchange coins without paying any fees:

CoinOut

CoinOut is an app that allows you to cash in your coins with no fee. Simply scan your coins with your phone’s camera, and the app will automatically calculate the total value. You can then transfer the money to your bank account or redeem it for gift cards at popular retailers like Amazon, Walmart, and Target.

National Quarters

Another app that lets you cash in coins without any fees is National Quarters. With this app, you can exchange your coins for Amazon gift cards or donate the money to a charity of your choice. The app is available for both Android and iOS devices.

AbsolutelyFreeCoinCounting.com

AbsolutelyFreeCoinCounting.com is a website that allows you to cash in your coins for free. All you have to do is print a mailing label, package your coins, and send them to the company’s processing center. You’ll receive a check for the total value of your coins within two weeks.

Coinstar Kiosks at Banks and Credit Unions

Coinstar kiosks are often located at banks and credit unions, providing an easy and free way to exchange coins for cash. The kiosks count your coins and provide a voucher that you can redeem for cash at the bank or credit union’s teller.

Coinstar Kiosks at Retailers

Coinstar kiosks are also available at many retailers, but they often charge a fee. However, if you opt for a gift card from the retailer instead of cash, you can avoid the fee entirely. This is a great option if you already plan on shopping at that retailer.

Local Banks and Credit Unions That Offer Free Coin Counting Services

If you prefer to handle your coins directly, you can visit your local bank or credit union and take advantage of their free coin counting services. Here are some examples:

Chase

Chase Bank allows customers to exchange coins for cash or deposit them to their account with no fee. Simply bring your coins to a teller, and they will count them for you.

TD Bank

TD Bank also offers free coin counting services for their account holders. You can either deposit the coins to your account or exchange them for cash.

Navy Federal Credit Union

If you’re a member of the Navy Federal Credit Union, you can use their coin counting machines for free. The machines are available at select branches and allow you to deposit the coins to your account or exchange them for cash.

How to Exchange Coins for Cash for Free at Supermarkets and Retailers

Many supermarkets and retailers offer services to help you cash in your coins for free or with minimal fees. Here are some examples:

Walmart

Walmart’s Coinstar kiosks charge an 11.9% fee, but if you choose a gift card instead of cash, you can avoid the fee. Your options for gift cards include Walmart, Amazon, and other retailers.

Target

Target’s Coinstar kiosks also charge a fee, but if you opt for a gift card from Target, you can avoid the fee entirely. You can also choose from other retailers like Amazon and Starbucks.

Kroger

Kroger has coin counting machines that count your coins for free. You can then use the voucher towards your purchase at the store or deposit the coins to your account at the customer service desk.

Ways to Avoid Coin Counting Fees at Coinstar Machines

If you need to use a Coinstar machine, there are some ways to avoid paying fees. Here are some tips:

Choose an Alternative Method

If you have access to a free coin counting service at a bank or credit union, this is the best option to avoid fees. Another alternative is to use a coinstar kiosk at the retailer that doesn’t charge a fee for gift card exchanges, like Target or Walmart.

Take Advantage of Promotional Offers

Coinstar occasionally offers special promotions that waive fees for gift card exchanges or donate a portion of the fees to charity. Check their website or social media pages for any updates on current promotions.

Maximizing the Value of Your Coins: Tips and Tricks

Once you have cashed in your coins, you may want to consider some tips and tricks to make the most out of their value.

Combine Coins of Different Denominations

If you have several coins of different denominations, you can arrange them to create exact amounts for purchases. This is especially helpful if you need to make smaller purchases at local stores or for vending machines.

Opt for Gift Cards

If you need to make purchases at specific retailers, consider opting for gift cards instead of cash. This way, you can avoid fees and maximize the value of your coins.

Exchange Coins for Cryptocurrency

If you’re interested in investing in cryptocurrency, you can exchange your coins for digital currencies like Bitcoin or Ethereum. Some platforms, like Coinbase, allow you to exchange coins for cryptocurrency for a small fee.

Conclusion

There are many ways to cash in your coins for free or with minimal fees. Whether you choose to use online services, local banks, or retailers, you can find a method that suits your needs. Remember to research and compare different options before deciding on the best method for you. Don’t let your loose coins go to waste, and try out some of these methods to maximize their value.