You Can Now Turn Your Coins Into Cash at QuikTrip

|
Advertisement

If you’ve ever used a coin exchange machine at the grocery store, you know that what you gain in convenience, you lose in fees. Coinstar machines, for example, charge an 11.9% service fee.

QuikTrip gas stations and food marts are now inviting customers to bring their loose change to any of QT’s 800+ locations to turn it into cash bills.

I reached out to QuikTrip spokesman Mike Thornbrugh, and he says QT is doing this to help alleviate a coin shortage caused by the economic downturn.

QuikTrip Wants Your Change: Here’s How it Works

The seriousness of the situation came to light in early June during a virtual hearing with the House Committee on Financial Services. That’s when Federal Reserve Chairman Jerome Powell testified that the U.S. economy needs change — literally.

“What’s happened is that, with the partial closure of the economy, the flow of coins through the economy has gotten all — it’s kind of stopped,” Powell said.

Thornbrugh says all QuikTrips are now accepting coins and giving back dollar bills in exchange.

“Spread the word: Redeem your coins for cash,” Thornbrugh says. “Whatever the amount, if we don’t have that amount in the store, we’ll give customers a gift card for the remaining balance.”

Final Thought

If you want to turn any loose change into cash or a gift card, QuikTrip will help you do that fee-free.
There won’t be any coin-counting machines. QuikTrip wants to redeem your coins as you make transactions in the store.
You’ll also be helping put more coins in circulation for the benefit of the American economy.

More Content From Clark.com:

Advertisement
Welcome bonuses can be a great way to boost the value of a credit card. Best Credit Card Welcome Bonuses for 2022 - If you're in the market for a new credit card in 2022, you may be hoping to cash in on the hundreds of dollars in sign-up bonuses offered to new customers. Welcome bonuses and offers are a marketing tool that…
The best cell phone plans include Tello, Mint Mobile, Visible, T-Mobile, Consumer Cellular and more Best Cell Phone Plans in 2022: Deals For Every Budget - Team Clark ranks the best cell phone plans and deals! See our favorites for unlimited data, families and cheap plans starting at $10/month.