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GatorMama
06-28-2011, 07:57 AM
How do you cash it out? Do you roll it yourself and take it to the bank? Do you use a machine like Coin Star? Are there other options?

I have a smallish jar of change that I've been saving to buy children's books for my someday classroom, but since we have no idea when I'll actually have a classroom, it makes more since for me to cash it out now and let it be for DS's souvenirs on our trip. DH doesn't want to budget anything for souvenirs, but it's DS's first trip and I want tobe able to get him something, even if it isn't much.

Anyway, not sure how to go about this. In the past, I'd have rolled it myself and taken it to the bank, but there is not a brick-and-mortar branch of our bank here. (USAA) How much does Coin-Star charge? I think I heard somewhere that they now do gift cards and charge less? Or that another, similar service?

Zhoen
06-28-2011, 08:05 AM
I'm not aware of any other options, but a lot of banks have the coinstar machines that are free for their members. The other day I cashed out two jars for the snack fund at work at one of the grocery store coinstars and they charged 10%!!!! I paid it because I'd been carrying the change for a week and hadn't made it to my bank (where it would have been free) during business hours... (On the upside, the machine "rejected" a 1963 silver dime that I would never have noticed in all that regular change...)

I'd say check with some of the local branches of your bank and see what's out there. If you your bank isn't local, try asking friends in the area and maybe they could take you and then you wouldn't have to pay.

Disneychix
06-28-2011, 08:06 AM
I roll my own quarters, dimes and nickels (most of the time) but I use CoinStar for the pennies. I figure it's worth the .08 on the dollar they charge (for cash) to deal with all those dirty pennies and it would cost me a lot anyway to buy wrappers for all the pennies.
I do not believe they give Disney gift cards option any longer. There are other GCs though so perhaps you can 'rebudget' your money and get a card for something you were planning on paying cash for and take that cash to WDW.

Getting our $$ for all our change is one of my favorite parts in trip preparations. It's like finding 'free' money. My DH is the change collector. He hardly ever uses coins and deposits them in a big jar everynight. (we' usually end up with $120!) I usually try to use up all mine to save the dollar bills!

bpesch
06-28-2011, 08:08 AM
CoinStar is really expensive. Unfortunately, it's also one of the few convenient ways to do coins. I've never tried taking them to a bank before but it sounds like a good idea!

bpesch
06-28-2011, 08:10 AM
it would cost me a lot anyway to buy wrappers for all the pennies.

Most banks will give you wrappers for free.

angierae
06-28-2011, 08:17 AM
The Coinstar by me lets you cash out for Amazon gift cards, with no fee. So that's what I do.

FL Ranch Girl
06-28-2011, 08:18 AM
Credit unions are free. 8% can get pricey for coinstar.

elgerber
06-28-2011, 08:19 AM
Both of my banks have machines that count them for free, then they give you cash, or deposit the money in your account. They are not Coinstar machines.

nala1128
06-28-2011, 08:24 AM
not sure if there is a branch near you, but we go to TD Bank (formerly Commerce Bank). They have the machines and after you put the change in it give you a print out and you take it to the teller and they give you the cash.. no fee. Also there is an option for the kids to guess how much before they put it in, If they are close, they win a prize (I think it is like a little plastic bank!)

StitchandPooh'sMom
06-28-2011, 08:27 AM
BB&T has free coin counters, and you don't need to have an account. I'm not sure if BB&T goes up into Virginia or not.

GatorMama
06-28-2011, 08:43 AM
Thanks, everyone! I will just take it to Coin Star and get an amazon GC or something and exchange that with cash from our Christmas gift budget since we get so many Christmas gifts off of amazon! I wish they had restaurant GCs from coinstar... that's what we really need for our trip...

Slightly unrelated question: After redeeming Swag Bucks points for a restaurant GC (Chili's), I know it takes up to 15 days for the code to show up in my account. What will I do with that? Will I be sent an actual card at some point or will I just print something off from home that we will use as payment in a restaurant?

momto2inKC
06-28-2011, 08:50 AM
We roll our own change (bank provides rolls for free). None of our local banks have change machines, so that's out. The grocery store has a Coin Star but we'd rather roll them then pay the machine to count them up.

Disneychix
06-28-2011, 08:54 AM
it would cost me a lot anyway to buy wrappers for all the pennies.

Most banks will give you wrappers for free.

I even work at my bank and my bank does not give out wrappers for free. So wish they did!

But that probably still wouldn't presuade me enough to roll 500 pennies.

akcire
06-28-2011, 08:57 AM
Normally, I take our change jar to the bank a couple times a year. My bank has a counting machine and just deposits the funds into our account.

However, there have been a few times when the change jar has been too full, and I have been too busy to take the jar to the bank. So.....I will dump a portion of the change jar into a plastic bag and take it with me when grocery shopping. If I do this I always make certain I am self checking and it is an off peak time. I have been know to load the self check out machine with $10-15 of change........:rolleyes1

DisneyCowgirl
06-28-2011, 09:02 AM
The Coinstar at my Kroger will give you a Kroger gift card (a plastic one pops right out of the coinstar machine) with no fee. Did this on Sunday and used it to pay for my groceries that same trip.

gracie1
06-28-2011, 09:06 AM
All of our banks used to have coin counters but they did away with them:mad:
So now we have to roll them. If you don't want to roll them, the bank will send them away to their corporate office but I don't like to do that. I am afraid they would loose them.

GatorMama
06-28-2011, 09:09 AM
The Coinstar at my Kroger will give you a Kroger gift card (a plastic one pops right out of the coinstar machine) with no fee. Did this on Sunday and used it to pay for my groceries that same trip.

Wish I could do that with Publix or Target... I think those are the best grocery shopping options while we'll be on vacay...

torinsmom
06-28-2011, 09:20 AM
Thanks, everyone! I will just take it to Coin Star and get an amazon GC or something and exchange that with cash from our Christmas gift budget since we get so many Christmas gifts off of amazon! I wish they had restaurant GCs from coinstar... that's what we really need for our trip...

Slightly unrelated question: After redeeming Swag Bucks points for a restaurant GC (Chili's), I know it takes up to 15 days for the code to show up in my account. What will I do with that? Will I be sent an actual card at some point or will I just print something off from home that we will use as payment in a restaurant?

You might find some good deals at restaurant.com
http://www.restaurant.com

mrsbornkuntry
06-28-2011, 09:33 AM
The Coinstar at my Kroger will give you a Kroger gift card (a plastic one pops right out of the coinstar machine) with no fee. Did this on Sunday and used it to pay for my groceries that same trip.

I didn't know this, I am so glad you mentioned it! I am going grocery shopping today, looks like I need to make a stop at Kroger!

Debi
06-28-2011, 09:39 AM
As others have mentioned, my bank has a free coin counting machine. A week or so before my WDW trip, I take my change jar to the bank and put it through the machine. A piece of paper prints showing my change total, and I take it to the teller who gives me the cash. It's easy, free, and convenient. Love TD Bank!

cluvsdisney
06-28-2011, 09:44 AM
not sure if there is a branch near you, but we go to TD Bank (formerly Commerce Bank). They have the machines and after you put the change in it give you a print out and you take it to the teller and they give you the cash.. no fee. Also there is an option for the kids to guess how much before they put it in, If they are close, they win a prize (I think it is like a little plastic bank!)


FYI...TD Bank recently started charging non-members a 6% fee to use their change counting machine.

SaraJayne
06-28-2011, 10:11 AM
Our bank and credit union both have a coin counter for free and they either cash out the money or deposit it for you in your account. :)

I won't pay to have somone count my change.

furb & dez
06-28-2011, 11:25 AM
We used to save up all our change and then cash it in when we were in Las Vegas.

No more... virtually none of the Vegas casinos will take your coin anymore, they'll direct you to find a supermarket and dump it in a CoinStar machine.

DawnM
06-28-2011, 11:40 AM
Coinstar gives me a gift certificates at no charge. Since Amazon and Starbucks are options, I just do that.

Dawn

tomthebarncat
06-28-2011, 11:52 AM
I roll it while watching tv, and then take it to the bank and deposit into savings. I am leaving Germany for China, next week and just put all my small change (1 & 2 cents) into the local rescue groups piggy bank that is at my local market.

bookgirl
06-28-2011, 12:17 PM
My mom's bank which is local chain has a coin counter at it's main branch located in our suburb, so we take it there. No charge and they're even going to give me some cloth coin bags to bring it in. Hopeing they'll let me keep them.

My bank which has a local branch, but is a national chain, does not have a counter. I have to dump all my coins in a clear vinal bag with a deposit slip then they ship it off to the main downtown branch and it gets deposited into my account within the week.

I at least dump mine when it hits around $200, my mom hoards hers and currently has probably close to $1000. Did I mention that I'm taking hers to the bank this week LOL

It runs in the family, my grandfather kept coin buckets, my mom does, both my brother and I do, and one of my 12 year old nephews has a couple of containers in his closet as well. If you're going to be OCD at least the coin hoarding will make you some money.

mdrob214
06-28-2011, 02:40 PM
Call your bank first! I rolled all my change the first time, then brought it into our branch (credit union)...where I had to unwrap it all. They don't take rolled coins--all have to go through the counter. It's free, though. I got my coin wrappers at the Dollar Tree: $1 for a large bag of wrappers for all coins.

cam&phoebsmom
06-28-2011, 02:46 PM
If your bank has a fee you may want to check if any of your friends belong to a credit union. The 2 that we have belonged to have a machine in the lobby and no fee. We took a jar we have been collecting in since Jan and had $125 in there (I deposited it into a seperate savings account I don't usually do anything with so we could keep saving b/c I also had a bunch of cash I wanted to deposit in there).

As we were depositing a guy came in with a big water bottle pretty much filled (like frm a water machine). We watched as he did it and he had over $1300 in his-WOW!!!!:worship:

Karenj2
06-28-2011, 02:50 PM
Dumb question, but how do you know that the coin counter is accurately counting your change? I'd love to use the Coinstar near me, but I've always been worried that they'll shortchange me (pun intended).

jjsmom
06-28-2011, 03:12 PM
I am very fortunate that my primary bank (locally owned) has a branch with a coin counter. ;). You must be a customer and have the teller verify your account before using the machine.
I think most coinstars charge between 12-15%

cluvsdisney
06-28-2011, 03:20 PM
Dumb question, but how do you know that the coin counter is accurately counting your change? I'd love to use the Coinstar near me, but I've always been worried that they'll shortchange me (pun intended).

You could throw in a particular amount of change and check that it is counted correctly.

seasheller
06-28-2011, 10:15 PM
We just had a successful garage sale so I went to the bank with a large deposit of paper money and coins. I had counted it all out, clipped the money into $100 units. The bank teller took off all the clips and put the bills in a machine that buzzed through them in half a minute and came up with the exact total. She did the same with the coins. I was amazed how fast it was, and was happy that I knew the exact total before hand. No charge. Nice to know they have the capability to do it.

ferrytale
06-29-2011, 06:52 AM
not sure if there is a branch near you, but we go to TD Bank (formerly Commerce Bank). They have the machines and after you put the change in it give you a print out and you take it to the teller and they give you the cash.. no fee. Also there is an option for the kids to guess how much before they put it in, If they are close, they win a prize (I think it is like a little plastic bank!)

Didn't read the whole thread yet, but in case this hasn't been mentioned - TD Bank now charges you if you do not have an account. I was shocked the last time we took ours in and they asked if we had an account (we do), and then she told me they were now charging if you don't have an account. I think she said 10%. I am unhappy with TD and all their fees lately, though it seems all the banks are adding more and more fees. :-( but that's a whole 'nother topic lol.

On the other note our best change jar take ever was $399.98 - the guy working the Penny Arcade at TD was so impressed he reached in and gave us 2 pennies to make it an even $400! That was a few years ago. We have a good stash going now. Trying to see high we can get it before we cash in.:thumbsup2

PrincessShanShan
06-29-2011, 07:05 AM
We saved change in a 5 gallon water jug for a few years. Once it was full, I counted and rolled a little over $2500 in change. This was last summer. It took me a month to do it all. I did it in increments of $500 and made 5 trips to the bank. We have a coinstar at the grocery store, but they charge 10%, and I didn't mind the rolling and counting. We took a Mediterranean cruise for Christmas and this was our spending money. We've started saving again, so I guess in a few years I'll be couting and rolling again! It's amazing at how much you can save from change!

21hearts
06-29-2011, 07:22 AM
I'm of no help but what I do is take it to my parents business (they own a vending business). My dad will run it through his coin machine & give me the amount in dollars. Then once his bags get full he takes it to the bank & deposits it.

Other then that I know our local Winn-Dixie has a change machine. I have no idea what the free is because I've never used it.

bookmama
06-29-2011, 08:38 AM
have you checked your local credit union?

DCLbrideSept2009
06-29-2011, 08:47 AM
A few months ago we got a thing in the mail from Capital One offering us I think $250 to open a new account. So we did. The bonus was that they have a coin counting machine in their branch - free for account holders! This became our vacation account. And we had been saving up change for our trip and were able to get it counted there for free and then deposited into our account! :thumbsup2

Shelly F - Ohio
06-29-2011, 08:50 AM
I roll my own. We ususally sit infront of the tv and do it. I do not roll pennies. On Labor day weekend the fire fighters are at the airshow we go to and they collect change for the MDA so we give them our pennies.

2girls4me
06-29-2011, 09:11 AM
I take it to my credit union's counting machine. There is no fee for members.

GatorMama
06-29-2011, 09:34 AM
I took it all to the CoinStar machine and got an Amazon giftcard. I had estimated $20-30. I'd have been SO excited with anything over $25 (since that would mean I'd qualify for free shipping on whatever I picked). Guess what? $65.33 YAY! It didn't look like much because it was so many quarters... $45 of quarters! CRAZY!

akayek31
06-29-2011, 09:39 AM
I roll my own coins and take them to my bank. I just cashed in $52 early when my daughter went to Daytona a couple of weeks ago. I didn't have anymore rollers for pennies and when I mentioned it to the teller she gave me a stack of them.

princesspwrhr
06-29-2011, 11:18 AM
OP - you said you have USAA as your bank - I don't know about rolled coins, but a rep recently told me that now you can make deposits to your USAA account at the local UPS stores. There are a ton in our area.

*sarah*
06-29-2011, 11:33 AM
We just roll our own. Here in our small town, the only other option is a Coinstar at the grocery store and I'm not willing to let the machine keep a % of it. Me and ds usually just put on a movie, sort the coins out and start counting. It doens't seem to take too long like that.

angelat
06-29-2011, 11:41 AM
Credit unions are free. 8% can get pricey for coinstar.

Not all credit unions are free. :sad2: Ours has a machine that charges 3%. However, we roll our own coins (DS and I enjoy the time spent together doing this) and can take it to them. Some banks won't accept rolled coins which I think is outrageous!

To the OP: I would agree with a PP, ask a friend or family member if their bank offers the service for free and see if they'll take you. :thumbsup2