If I count and roll my own coins, to save paying the coinstar fee, will that work?
2007-01-11 04:11:58 · 18 answers · asked by Andy Jones 2 in Business & Finance ➔ Personal Finance
Absolutely! If you have an account with that bank, they will provide the coin roll papers for free, also. My mom has been doing that for years-- Coinstar is a service for the people without the time to get the materials, count the coins and go to the bank. Doing it yourself is a great way to save. The bank won't accept coin rolls at the drive thru window, as an FYI...
2007-01-11 04:19:28 · answer #1 · answered by Eliza79 3 · 0⤊ 0⤋
Yup. But you may have to go to your own bank where you have an account. Some banks don't change you money if you don't have an account with them (which is dumb).
The Coinstar thing is a great thing for lazy people who don't care very much about paying 8% for the exchange. Think of it as paying 8% interest just for changing your money for the exact same amount of money (except you're getting 8% less).
2007-01-11 12:16:52 · answer #2 · answered by lesaint770 2 · 0⤊ 0⤋
Most banks accept only a certain amount of rolled coins without charging you for them. I bank with Washington Mutual and they will let you give about 10 rolls of coins before they charge you for them. I am not sure about other banks, they may vary and there might be some that won't charge you at all, maybe Suntrust. Not sure but I hope that helps
2007-01-11 12:16:49 · answer #3 · answered by michellejagjrinc 1 · 0⤊ 0⤋
Yes-- and actually if you're a member of a bank, they'll count the coins for you for free if they have a coin counter. Try going to a National City, then you won't even have to roll them.
2007-01-11 12:15:17 · answer #4 · answered by Doug H 3 · 0⤊ 0⤋
I've rolled coins and brought them to the bank. I wasn't subjected to any fee and the coins were accepted without problem.
2007-01-11 12:16:46 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes they will, if you have an account with the bank they will do it for free. Usually they put the account # in the rolled up coins so if there's any funds missing they can just take it out of your account.
2007-01-11 12:15:58 · answer #6 · answered by Chaos_Razor 2 · 0⤊ 0⤋
Most banks will gladly accept rolled coins
Commerce bank has branches with coin counting machines.
Good Luck.
2007-01-11 12:17:33 · answer #7 · answered by John B 2 · 0⤊ 0⤋
If you take your coins to your bank they will count them for free, usually they request that you deposit the funds in to your account but I have never been charged. If you roll them they will still dump them in to the machine to be counted, so don't waste your time. If you don't have a bank account they charge a fee and will again unroll the coins to be counted.
2007-01-11 12:16:12 · answer #8 · answered by brett.brown 3 · 0⤊ 0⤋
Generally, banks do accept rolled change. After all, it is currency. But watch out that you don't take too many rolls, some banks have a limit per visit. My bank with only deposit/cash 10 rolls at a time, no matter what denomination.
2007-01-11 12:15:49 · answer #9 · answered by Athos 2 · 0⤊ 0⤋
if you have an account at the bank, they usually do it for free. You don't have to roll or count the coins, they do it for you
2007-01-11 12:15:27 · answer #10 · answered by Anonymous · 0⤊ 0⤋