Get Started for a Free Consultation!


Debt Destroy

Charges To Roll Coins?


Ricardo Rep Points: 535
Posted on December 19, 2007 at 9:31 am
This is definitely about a small amount of money for most of us, but have you seen the machines that roll your loose change for a charge of about 9 cents on the dollar? I'm amazed that people go for that. And in the grocery store where one particular machine is, you get payment in the form of a voucher to be used in the store. I roll my own coins.

JeanLorie Rep Points: 545
Posted on December 19, 2007 at 12:15 pm
I don't even bother rolling coins.  My credit union doesn't charge anything when I take in a big bucket to either deposit or exchange for cash.  Guess I'm spoiled :)

Carlo Rep Points: 1,455
moderator
Posted on December 19, 2007 at 2:26 pm
They have them here.  I think they charge $0.05 per dollar though.  The print a receipt but you can take that receipt to the register for cash, not just to spend in the store.They are designed for people who run out of cash but have the coin jar sitting in the bedroom and need money to get by.   5% to the coin counter beats 20% to the payday loan place.There's only one bank near us that will accept coins in bulk (Shouldn't they all be required to?).  We opened a savings account there just for that very purpose.  Once or twice a year we take a massive pickle jar full of coins up there.

xemoboy5x Rep Points:
Posted on August 30, 2010 at 11:02 pm
What i do is i keep all my change in a jar. Over time the amount becomes so much that i take it to a machine which counts it and prints out a receipt, but i think they charge me for doing that.

bankrupcyus Rep Points:
Posted on April 19, 2011 at 12:47 am
If you are depositing the coins at a bank, write your member number on the rolls.

rsblue Rep Points:
Posted on October 13, 2011 at 10:42 pm
Don't know what to make money