What Are Coin Counting Machines at Walmart?
Coin counting machines are automated devices that offer a simple, efficient solution for turning your spare change into cash, store credit, or charitable donations. Found at select Walmart locations, these machines take the hassle out of sorting and counting coins manually. Here’s everything you need to know about them.
How Do Walmart Coin Counting Machines Work?
Walmart typically partners with Coinstar, a popular brand of coin counting machines, to provide this service. The process is straightforward:
Deposit Your Coins: Pour your loose change into the machine’s coin tray.
Machine Counts Your Coins: The machine automatically sorts and counts the coins, displaying the total on the screen.
Choose Your Payout Option: Select how you want to receive the value:
Cash: A voucher is printed, which you can exchange for cash at the customer service desk.
eGift Cards: Opt for a fee-free digital gift card to popular retailers.
Charity Donation: Donate your coins directly to a partnered charity.
Why Use a Coin Counting Machine?
Coin counting machines save time and effort compared to manually rolling coins. They’re particularly useful for:
Quick Cash: Get immediate access to money without needing to visit a bank.
Charitable Giving: Make an impact by donating small amounts of change that add up.
Decluttering: Free up space by clearing out jars and piggy banks.
Fees and Cost
While these machines are convenient, they do charge a fee for cash payouts. Typically, the fee is around 11-12% of the total amount counted. However, selecting an eGift card or charity donation option often eliminates these fees, making them cost-effective alternatives.
How to Find a Coin Counting Machine at Walmart
Not all Walmart locations have coin counting machines, so it’s best to check ahead. Use Walmart’s online store locator or call your local branch to confirm availability. Machines are usually located near the entrance or customer service desk for easy access.
Tips for Using Coin Counting Machines
Sort Coins First: Remove foreign objects like paper clips or lint to avoid jams.
Check for Fees: Understand the fee structure before starting, especially for cash payouts.
Opt for Alternatives: Consider eGift cards or donations to avoid fees altogether.
Final Thoughts
Walmart’s coin counting machines offer a hassle-free way to handle loose change. Whether you’re looking to cash out, give back to the community, or reduce clutter, these machines provide a quick and easy solution. Visit your local Walmart to try one out and turn your spare change into something valuable today!