COINS bank charges for them?

[ultrarunner]

Like most things... not all banks or credit unions are the same...

Had a Great Savings and Loan for years... then a Bank bought them.

Moved to another and the same thing happened.

Moved to a Credit Union and was very unhappy... had a rule that you had to use their debit card 10 swipes a cycle... I don't use cards much and after the second time of a my card being denied and causing me to have only 9 swipes... I moved.

Been two years at the new credit union and so far so good...

The Savings and Loans provided free coin counting and even advertised it.... in both cases, the banks that took over got rid of the machines.

 

[grsthegreat]

the paper coin rolls are free from the bank. Then theres a $5 plastic coin sorter i got from office depot. dump in the coins and they fall into approprate slot (have to separate all denominations though) and stuff them into the rolls. Im lazy but even im not too lazy to bag the change.

Last time i did it i got about $100 back in $20 to use for lunch time

 

[chad22]

A year ago. I had $20.00 in quarters. I decided to take them to my bank. They had the counting machine. The lady took my quarters and dumped them in.

I had the money deposited in my checking account. They didn't charge me nothing for it.

I hope they don't start charging anything for the coins.

Chad

 

[forgeblast]

Our credit union had charged us fees if we used the debit card as an atm card but if you used it as a credit card (signed for the charge) it was free. The fees cost me 30.00 one month, and that was when I went with free checking/checks etc at a local bank.

 

[1GB]

I had the money deposited in my checking account. They didn't charge me nothing for it.

If they didn't charge you nothing, what did they charge? :confused2:

 

[schoolsout]

Owners of Car Washes and Laundrymats for years would empty the coin boxes, dump the coins on the counter of the Bank and expect the Bank to pay someone to count and roll the coins. The Banks because of being used and abused have started charging a fee, good for them. I have been caught in Banks with a single teller and someone with sacks of coins demanding they be counted. I left and went looking for another bank. I look at it like this, their money let them count it. If they do not want to count the coins, hire someone to do it not expect someone else, Bank to spend thousands on a machine to count the coins or hire someone.

If I took a stack of 1s, 5s, 20s and 100s and wanted to deposit it, do you think the bank would take my money and hit the buttons and, voila?

They weren't "used and abused." They are in the business of holding your money for you so they can lend out to others and keep the spread.

Not sure how you rationalized that "used and abused" in your head, but that's their job.

 

[buckeyefarmer]

my CU has free coin machine for members. I took several hundred $ of coins in last year. Love my CU, I will never deal with a large bank again, some of the small community banks are OK.

 

[Richard]

I hate to ask such a dumb question.... but why not simply spend the coin?

My wife used to collect change from the washing machine. I don't know what kind of volume of change you guys are talking about but this turned out to be something like $250/300 mixed with pennies/nickles/dimes & quarters.

I thought that was nuts so I opened the bottom of the piggy bank and would dribble the money out over time.

Go to McDonalds? I'm paying with change (and as many pennies as I can get away with!) I did however, ALWAYS go inside to do this, never at the window.

Buying a loaf of bread?

Why not buy $5.00 worth of gas?


Perhaps some silly ideas but if you keep the pressure on the change going OUT of your pocket instead of in, you can over time, work it down.

There would be times the estabilishment would actually THANK me for the change, especially if it was on a weekend.

 

[chopped]

Good point. Mine is actually collected from an elderly realative who I 'cash' it for and then give to him.I myself have pretty much gone cash-
less.I use the credit card for everything. even a 50 cent candy bar.If they create this aptmosphire then I adapt and use credit cards.All the while earning some cash back ..:laughing::thumbsup:

 

[turnkey4099]

My bank does not charge us for the service!

Small town here. 4 banks. Only one accepted loose coins - no charge. The quit doing that when the grocery store put in a machine. Now it is keep them or use the store machine.

Harry K