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Replies: 25 / Views: 4,675 |
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Valued Member
United States
174 Posts |
Since it is a credit union, I would escalate, but first I would ask "What is an acceptable amount and frequency" . I would ask if this is a written policy and ask for a copy of it. Once you get this information, I would email his boss and copy him (you can find emails on line for most bankers at their site).
If you say nothing and just leave, you allow him to set the rules, if you at least bring it to light, he will think twice (if it's not policy) before continuing this attitude on the next guy.
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Pillar of the Community
United States
2824 Posts |
I dump with the 10% fee for using the machine its still a good deal for me. I live in the #1 retirement community for 2013 so there is high percentage of old coins here. But do the math your average finds total cost is face plus 10% of the dump. Then look at the fair market value of the finds vs your total cost.
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Valued Member
Canada
54 Posts |
Get someone else to dump for you next time and see if they try and charge them. If they do, the person can just say no where did it say there is now a fee charged (unless of course there is). If they don't charge, well now you know you're being targeted.
I would never dump at my main bank though, I only pick up coins from them.
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Moderator
 United States
189340 Posts |
Good advice, OcalaFlorida.
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Valued Member
Canada
258 Posts |
I've had a similar experience with a teller who was crh. I was denied $37 of silver dollars just as it was being handed over. I knew from the reaction of the teller next to mine (my teller was just handing over the bag when the offending teller intercepted) that she was skimming the silver coming into the branch. I raised a stink and the teller was busted, however I didn't get the silver dollars, and neither did she. Unfortunately I burned my bridges at that branch. As for using the coin counter, I don't understand the big deal. At my bank, there is a coin counting machine that allows customers to dump up to $1,800 a week with no charge. 
Edited by nickelphr33k 04/03/2014 12:38 pm
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Valued Member
 United States
139 Posts |
I think I'm going to let that branch cool off a bit. I think I've given up on halves for the time being. about $2k searching only netted me 2 40% and a handful of circulated NIFC. I've talked to a couple different other credit unions and bank branches, and they are very receptive to me buy/dumping as long as it isn't the same coins at the same branch. I've started offering to buy the coin bags and everyone seemed pretty happy about that.
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Valued Member
Canada
258 Posts |
Good idea. Since we are using the old stream metaphor, I try to live by the following: don't "dump" where you "eat"
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Moderator
 United States
189340 Posts |
Wise choice. 
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Pillar of the Community
United States
713 Posts |
I cause as little trouble as possible at both order and release(dump) banks, and try to keep a quiet and low profile. At the same time, I refuse to be ashamed of being a coin collector/hunter, and will not take grief from banks. I only do two boxes of halves a week, and that is enough for me. Some crh's seem kinda reckless and greedy by ordering so many boxes its bound to blow up in their faces and possibly louse it up for the rest of us. It's their right to do it, but I hope they please remember their fellow crh's
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Pillar of the Community
United States
603 Posts |
I might raise a stink, you bank there right? At my CU they charge a fee for non members using the coin machine, but none if you have an account. Ask the manager if he wants your patronage with your accounts. Where I live there are several different CUs, so easy to leave. He might not like to lose a customer, or several if you let him know you'll tell your friends and family why you left.
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Valued Member
United States
277 Posts |
Josh I would complain but not to the branch manager. I would submit it to the coporate office. You see bank managers make up their own rules according to the 2 banks and 1 credit union that I work with.
I dump $3000 ($2K in halves and $1K in Dimes) to the same credit union. All are in rolls and they do not have an issue.
One of the banks I deal with have a Coin counter machine and have asked me to bring in as much as I like to dump, no problems. This branch does have a account manager that stated to me she found 3200 silver dimes in the machine one time.
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Pillar of the Community
United States
4333 Posts |
Quote: do the math your average finds total cost is face plus 10% of the dump. Then look at the fair market value of the finds vs your total cost. I would gladly pay only 10%, in trade for gasoline costs, wear and tear, and counting machine shorts!
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Pillar of the Community
Canada
3692 Posts |
The way things are handled in North America is you punish people via their wallets. I keep my balance at my account at zero all the time. When people start paying fines they usually stop being delinquents after a few. To use an analogy: Narcotics cops go after money most of the time, not drugs. Follow the money... If a place is going to charge you for bringing them business you have to say no at a certain point.
My advice notwithstanding, everyone here gave some pretty good advice. But I like the ¨can I get that in writing?¨ point, I use that frequently.
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Valued Member
Canada
372 Posts |
I've never seen a "dump" machine. Is it taking loose coins? Allfome said "All are in rolls and they do not have an issue." so does it count rolls as well.
When I return coins here they are rolled and bundled in tens or in full boxes. I found that this pleases the tellers since that is the way the hand them out. The only time they turned me away was near the end of a week when I wanted to trade about $700 for toonies, and that was going to run them dry. I backed off for a bit and things are good again.
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Valued Member
 United States
139 Posts |
Well, a little update. This ended up working out really well for me. I started shopping around and not only did I find a couple other CUs that are cool with me dumping, but I also found out a friend of mine works at a different branch of the same CU I started with. This actually expanded my CRH abilities! Not to mention, I found a cu that has a coin machine that charges even members. They said they would sell me the bags out of that machine. That way I know they aren't dumps!
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