Legal Question...bank/Coin Requirements

what bank is this and what is their motto? Is false advertising their Achilles heel?

You will lose this war, and most of the battles along the way with consequences that you just might regret later. But, if you must do something, make billions, acquire the bank, cancel direct deposit, fire the evil bankers with no severance, then pay out their final check and accrued vacation in pennies, counted out by kids eating jelly and honey sandwiches.

All US Mint coins are legal tender and can be used for all debts, public and private. However, a merchant or person is not obligated to accept such payment, they can refuse. Remember, having a bank account, making deposits, etc is not a right, it's a privilege which can be revoked. You don't want this to back fire, open a line of credit go to pay with coin and have it refused. Then, you have to pay the line with notes/check or pay the interest or risk legal action. Now, there is nothing illegal about discriminating against a person because they are a coin collector. if it's costing them too much money to deal with you, they can refuse to serve you or charge you a fee. While it may not be good business policy, it's not illegal. (it may be against an internal policy and if FCIC insured, there may be some policies that prevent such conduct, I just don't know). So, my advice, file a complaint, close your accounts and find a different bank.

No buying and depositing back.

This isn't a matter of the bank charging a fee...I understand fees. This is a fee exclusive to me because of my hobby. I've been told exactly that. This is a bank that is charging me to buy coin despite the fact they pay someone else to come pick up all their extra coinage. I've been told exactly that. There's more to the story but that isn't the point. As stated, everyone is welcome to their opinion of right or wrong but in this case, it would be an uneducated (and unwanted) opinion because you don't know the entire story.

My intent isn't for this to turn in to a right vs wrong, profit vs costumer service issue. I have specific questions and I appreciate those that have provided useful info. Fade, I'm going to look into that form. It looks promising.

Thanks,

OO

If there is some extenuating circumstance that would shed a better light on your situation please elaborate. I can't speak for anyone else, but until then I'll continue to think the bank imposed a fee in an attempt to rid themselves of a customer that wasn't profitable & was more than likely rude and/or unreasonable.

You know, one could call a non emergency number and ask the local PD. They should know the law, right? After all, enforcing it is there job

To My Fellow Hunter,

I was bit 'hot under the collar' when I started this thread. My original post reflected my anger at the time. After cooling off, I decided to pass on trying to avenge any wrong that I felt had happened to me, at least not in a childish way. I am contacting the Fed Res Consumer Help because I believe it may extend beyond just a lack of respect. But that will conclude my dealings with this issue.

OO