I love coinstar machines!

The_Boss · 15 October 2006 at 12:44PM

jessicamb wrote:

I'm with lynz on the 8% :eek: :eek: :eek:

I tell everyone I know not to use them. In fact for an 8% fee I'll count the lot

I'd do it for 5% :rotfl:

Ruby_Pudding · 15 October 2006 at 12:51PM

I used to use coinstar but I now count the coins, bag them and take them to the bank myself - I've worked too hard to save to pay that kind of commission to be honest

skintasusual · 15 October 2006 at 12:51PM

last year i paid for my car tax with money our of a jar

£120 we had, NO WAY was i giving coinstar 8%

that was a long night of counting

elantan · 15 October 2006 at 12:57PM

8% is just too much ..i asked a woman in asda if they would take it off my hands once as i couldnt get to the bank.She told me no probs asda has to pay to get change themselves so i would be saving them money as well as myself if i changed it with them ...mybe try your own asda/tesco etc to see if they would do this for you ....you wouldnt pay 8% on your mortgage would you ?

kuohu · 15 October 2006 at 1:06PM

Can't believe we have a pro-Coinstar post on a site about Money Saving!!! The amount it costs you in commission is almost two YEARS worth of interest in a bank. And just how much work is it to count and bag the coins?

Shocking.

immoral_angeluk · 15 October 2006 at 1:25PM

Well my intention wasn't really about the coinstar things.. it was the fact that I got £5.19 out of half a pint glass of pennies but I can see why people would avoid them because of the 7.9% it takes off you. My problem is I'm one of those people who cannot be bothered to count all my change, put it all into money bags and take it to the bank when I have enough.. I like to see an immediate result and the fact that it was money we didn't really have (If you see what I mean, finding it down the back of sofas etc!) I don't mind losing 7.9%!

rog2 · 15 October 2006 at 1:35PM

immoral_angeluk wrote:

I don't mind losing 7.9%!

Or put another way - 41 pence:D

LookingAhead · 15 October 2006 at 2:09PM

The HSBC bank near my works has a machine you just pour all your change in to and it counts it out for you (like Coinstar) and doesn't take a penny. I key in my First Direct account number & sort code and it pays it straight in. No bagging up or counting it myself either. Cool.

It's worth asking if it does it for othe accounts for other banks too.

However I used to use Coinstar at Sainsburys to get some cash off my shopping and didn't care about the percentage as otherwise it just *was* going to sit there in a jar on my shelf for EVER!

mah_jong · 15 October 2006 at 2:20PM

I would never ever ever just give my hard earned money over to a machine counter!!

However I just let my change build up....once there are ten pennies they are exchaged for a 10p , enough silver for a pound coin, it gets changed!

Every tenner gets banked. I get interest on those pennies! The down side is you need hardened resolve not to touch it when you are broke. But then I might have emptied a penny jar too!

tinkerbell1978 · 15 October 2006 at 2:22PM

whats good about coinstar is that it also gives you the choice to donate your coins to charity if i remember rightly? or did i just dream it lol

I love coinstar machines!

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