coinstar machine

[sax player]

Is coinstar the only machine to count coins? Are they used in Banks?

Thanks for the help!,
~Sax Player

 

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[Generic_Lad]

No. Though Coinstar is used often as a generic term to refer to any coin counting machine. Very few banks use Coinstar branded machines because they cost per-month if they want to offer their customers it fee-free, but there are a couple banks here and there that will use it. Coinstar branded machines will reject silver, most coin counting machines will not. Different banks have different machines, my dump bank uses a Cummins JetSort sorter and it counts things fairly quickly, other banks have different machines.

Coinstar machines are (generally) green and will say the name COINSTAR all over the place. In general, it is not advisable to dump at a coinstar branded machine because they charge a fee to dump.

 

[sagittarius98]

In general, it is not advisable to dump at a coinstar branded machine because they charge a fee to dump.

Unless you use the gift card option.

 

[sax player]

No. Though Coinstar is used often as a generic term to refer to any coin counting machine. Very few banks use Coinstar branded machines because they cost per-month if they want to offer their customers it fee-free, but there are a couple banks here and there that will use it. Coinstar branded machines will reject silver, most coin counting machines will not. Different banks have different machines, my dump bank uses a Cummins JetSort sorter and it counts things fairly quickly, other banks have different machines.

Coinstar machines are (generally) green and will say the name COINSTAR all over the place. In general, it is not advisable to dump at a coinstar branded machine because they charge a fee to dump.

So, when I hear about people buying bags of coins out of these machines, they buy them through the bank and not the coin counting compony?

Thanks,
~Sax Player

 

[Wickaboag]

So, when I hear about people buying bags of coins out of these machines, they buy them through the bank and not the coin counting compony?

Thanks,
~Sax Player

Correct.