"Ten of thousands of people place their extra change into a jar or bank every night when they return home thinking that they are saving money. In reality, the dynamics of saving coins has changed over the last 10 years so that by placing your extra coins in a jar, you may actually be losing money."

Quoted from The Money Jar Trap

I disagree with the author but then I am not paying any money or losing any by saving my coins. How about you?

I also disagree with the author. We count & wrap our own coins using wrappers that our banks gave us for FREE. Plus where we bank, they will deposit our change (CASH) into either our checking or savings, whichever we choose, or they will simply exchange paper money for our rolled coins. I am sure that there are plenty of banks that do charge for counting coins, etc. but ours does not.

Our bank doesn't charge to use the coin counter as long as you are a customer of the bank. They also have a program you can sign up for, that every time you use your debit card they will round it up to the nearest dollar and deposit that amount into your savings account. We've saved quite a bit by doing this.

I've seen those coinstar machines and I can't imagine paying a store 10% for letting me use the machine. That's crazy.

 The bank we are with does not charge their customers for taking coins but they don't give out rollers. 

I buy coin rolls at the Dollar Store, I find them easier to use than coin wrappers. I take my wrapped coins into the Bank I deal at. I am not aware of any local Banks charging to accept coins. I would be very upset if Banks started charging me. I am in the habit of saving change especially for Christmas presents & little treats for myself.

SavySenior can you get coin wrappers from the bank ..

we save coins and small bills in our jars ...  last year we took 28 jars in we spent it on the assisted living center/ and nursing home  we  built the Florida room and the water garden 

gayla50:

28 jars

wow!! how big were the jars!

the credit union where I go has a coinstar in the lobby and is free to members so I will save up coins (and pick them up when I do see them) ... and from what my dbf says, no charge at his bank