Does Walmart Have Coin Machines?
Walmart has a coin machine near each billing counter and at entry & exit points. It often charges a fee of 11.9% when used by customers.
What is a Coinstar kiosk?
A coin machine is a simple way to convert your coins or loose change into paper currency (cash) or eGift cards.
The eGift cards can be used at multiple places such as restaurants, retailers, and other locations. ..
The machine can be used to make donations to various charity organizations.
How To Use the Coinstar Kiosk?
Walmart has a variety of options for paying for items with coins. You can choose to pay with cash, an eGift card, or a charity donation. When you have deposited all your coins, the machine will give you your chosen option. If you choose to pay with a Cash or Charity donation, the machine will deduct the appropriate amount from your account.
For charity, the amount will be directly donated to the selected charity organization.
What Is the Transaction Fee?
As of May 2022, coin machines at some locations charge a transaction fee of around 11.9% of the amount you deposit into the machine. The machine counts all the coins automatically and deducts the required fee from your deposited amount. ..
After you deposited $200, you will be charged 11.9% of that amount, which is approximately $24. Therefore, after your transaction, you will receive $176 in cash.
Can This Fee Be Avoided?
The fee is applicable on conversion of loose change to paper currency, which is converting your coins into cash. Customers might want an alternative to avoid the fee and receive the full amount of the coin value.
The kiosk provides two other options as well. Customers can choose between the eGift card or the charity option by selecting the required option at the start of the transaction. These options are free of cost and no additional fee will be charged to the user.
An eGift card can provide you with multiple gift cards that can be used at different locations. For example, an Applebee’s card could be used at a restaurant in the city, while a Starbucks card could be used at a coffee shop in the suburbs. The charity option would make a donation to well-known charities.
What Are the Alternatives to Coin Machines?
If you are at Walmart and don’t have a Coinstar kiosk, you can use one of the other convenient ways to change coins into hard cash.
If you want to convert your coins to cash, here are some places to do so. You can convert your coins at places like JBT corporation, People’s united bank, American Eagle credit union and other well-known financial institutions. ..
Many of these institutions provide no fee to customers or members and charge a fee lower than that of Coinstar to non-members. ..
Why Use Coinstar Over Alternatives?
Coinstar is an interesting option when you don’t want to spend your coins on something else. It doesn’t charge anything for converting them to cash, which is a great option if you don’t want to spend your coins.
Coinstar is a convenient way to get your coins converted into cash. You don’t have to go to the bank before or after shopping - you can do it all at one place, Walmart. ..
There are pros and cons to both methods. For example, if you have a lot of coins, counting them at the bank can be time consuming. On the other hand, Coinstar kiosks typically do the counting for you, so it doesn’t consume a lot of time. ..
When travelling, it is always best to use a currency converter app to get the most accurate rate for your destination. This way, you can avoid any potential issues with exchange rates and not have to worry about losing money due to poor exchange rates. ..
Conclusions:
Walmart has a number of coin machines that are known as Coinstar kiosks. These machines are used to help customers convert their loose change to cash for a fee, eGift cards or make donations at zero fee.
