I have lots of coins and I want to turn them in, but I'm SO NOT using Coinstar since it is a rip-off, so I want to turn in rolls. I have many questions:
1)Can I roll the coins myself or do I have to get them?
2) Do I need account at the bank I am turning it in?
3) Does the roll need to be full when I turn it in?
4) Is there any other way I can turn coins into cash?
2007-10-23 16:28:49 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Good plan not using CoinStar -- 8.9% is a ripoff indeed!
1. You roll the coins yourself.
2. Most banks will want you to have an account and the account number on the rolls because if there is a problem with that roll of coins, they know who to contact.
3. yes, a roll needs to be full. If it isn't full, it isn't that much change and you could just spend it :-) Why not buy a latte with $3 in quarters?
4. Yes, some credit unions and banks have machines that just like the coinstar machine and they will convert your change for free. Call around and find out.
good luck!
2007-10-24 02:57:14 · answer #1 · answered by Rush is a band 7 · 0⤊ 0⤋
Usually you can go into any bank, get rolls and turn the rolls in at that bank for cash. Most banks will not take the coins unless they are rolled, which can be time consuming and a pain in the butt.
What I would suggest, if you don't want to count coins, is to buy one of the machines that separate coins for you. You can get one at the "As Seen On TV" Store and they cost no more then $25. I know you may not want to spend money on counting money, but it's worth the small investment for the machine since it makes it easy to wrap and counts the coins for you.
Hope this helps.
2007-10-23 16:33:43 · answer #2 · answered by E.T. Barton 5 · 0⤊ 0⤋
The have to give you face value no matter where you take them. Take them to the bank and ask them to exchange for cash... Any bank should be able to do it, and if they complain about not having an account, just ask for a manager and ask the manager how they can REFUSE to accept legal currency.
2016-05-25 08:34:40 · answer #3 · answered by ? 3 · 0⤊ 0⤋
yes u need to have a bank account at the bank u are turning them in at. u can roll them yourself. yes they have to be full. i dont know of anyother way
2007-10-23 16:32:23 · answer #4 · answered by daisycm 5 · 0⤊ 0⤋