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Rest in Peace
United States
9104 Posts |
Quote:
Went to a restaurant this morning for breakfast and thought this would be a good place to get rid of change. So I tried to pay part of the bill with rolls of dimes I think if I could pay part of my breakfast bill with roll s of dimes, I have more important things to do than figure where to spend my change. Like finding a cheaper restaurant. :) Geez, I had a nice breakfast buffet for $4 yesterday. |
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Valued Member
United States
198 Posts |
My bank has a coin machine that is free to use. Just throw in the coins and hit the button and it adds it up. Take the receipt to the teller.
You can also enjoy fresh baked cookies while you wait.
They bake them at the bank... one of the requirements to working there is to be able to bake cookies!
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Bedrock of the Community
 United States
20753 Posts |
Quote:
I think if I could pay part of my breakfast bill with rolls of dimes, I have more important things to do than figure where to spend my change. Like finding a cheaper restaurant. :) Geez, I had a nice breakfast buffet for $4 yesterday.
Don't ever move to the Chicago area. In the downtown area it is nothing to spend $7 or more for lunch unless you try McDonalds and there to they charge more due to the high rent and then there is this new fantastic Sales Tax. We now pay 10.25% sales taxes. So when you buy anything for say $10 you now pay an additional $1.25 for taxes. One bar I USED to stop at sort of frequently just waised the prices of a martini to $5.75 and not a real big one either. When I go for breakfast around here it is nothing to pay $7 or more at almost anywhere except McDonalds. If you really want to try a place here, in the downtown area there is a place called Nick's Fish Market where a salad runs about $25.00 |
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Valued Member
United States
227 Posts |
I had that problem at a fifth third they wouldn't take my coins. I thought I was being punked because I had never heard of such nonsense. I'm lucky though I drive about 150 miles a week. (not at the Pump)But I pass a lot of banks so I'm not to worried.
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New Member
United States
18 Posts |
QUOTE:That is truly ridiculous for banks not to handle the coins. Absurd! That is part of a bank's job. They are just not taking responsibility.  100 percent |
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Pillar of the Community
United States
581 Posts |
First, the banks still take your change. It just gets counted somewhere else. What is wrong with that? I guess you all missed that somewhere.
Secondly, how many dozens and dozens of posts have I read of people created a "dummy" account so they can have a "dump" bank or whatever. Oh yeah. The bank is supposed to bend over backwards because you have an account with $20 in it.
This forum requires you to have a certain number of posts to do certain things like sell coins. Doesn't seem to bother anyone. What if the bank says you have to do 50 "meaningful" transactions before they would accept coins. Oh, the threads we would see about that!
3. Banks are a business. Period. They have no "responsability" except to MAKE money - and if not counting coins makes money, they are being "responsible".
4. Credit unions. Ha. The two near me will not even sell me a roll of pennies unless I have an account there. So much for how nice and friendly they are!!
Oh I forgot, Credit Unions have to make money too!
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Moderator
 United States
188938 Posts |
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Credit unions. Ha. The two near me will not even sell me a roll of pennies unless I have an account there. So much for how nice and friendly they are!
Oh I forgot, Credit Unions have to make money too! A more accurate statement would be that Credit Unions do not want to waste money, since it belongs to the members. Also, by nature of their charter, membership is required if you want to perform any transaction (that includes purchasing rolls and dumping the rejects). Signed, a proud member of a Credit Union for over 25 years.  |
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Pillar of the Community
United States
2734 Posts |
I spend my leftover coins! I use the re-usable plastic tubes that you can get at any coin shop. This way, I can just pop it open and count out the exact amount to the receiving cashier. A lot of cashiers are GLAD to get coins on busy weekends, but they don't want to take a wrapped roll from a customer (the 'shorted-roll' issue, naturally!). The plastic tubes solve this problem, just open the lid and count out the coins in stacks for the cashier. In grocery stores, you can use the self-checkout and it will never complain about getting $5 in dimes...  You can get a set of 10 coin tubes for less than what a CoinStar machine charges you to cash in $60 of change, and you can re-use the tubes 'indefinitely'. Many cashiers also like that I buy their dollar coins out of their drawers, because they'd rather have bills or quarters. Then I use the 'cull' dollar coins to wash my car. It's much faster than loading quarters (I have yet to see a dollar coin dispenser at any car wash!  ) and unlike car wash tokens they are legal tender and can be spent anywhere.  I've never used a coin counting machine, so I won't miss them..... Edited by DNA
10/18/2008 10:59 pm
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Pillar of the Community
United States
581 Posts |
"A more accurate statement would be that Credit Unions do not want to waste money, since it belongs to the members."
Finally. Agreed. So you understood my point!
So why does everyone think banks should keep doing it? It would be like expecting coin dealers to give out free 2x2's to feed our habit. If some guy came in everyday with a huge sac of coins to fix his habit and some of my money was going to fund his addiction, I wouldn't be very happy
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Rest in Peace
United States
9104 Posts |
Exactly. People need to understand that it costs the bank money to shuffle coins around and store them, and they don't need the help of someone bringing in a bag of cents to swap for a different one that they have to keeptrack of.
That's even before you consider the direct and indirect cost from giving out rolls of coins that are short, but the bank bought as full.
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Pillar of the Community
United States
2734 Posts |
Here's what would be a good policy for banks/credit unions to do about this issue: Allow a customer/member to cash in their coins for free once every 90 days. Any more than that, charge them a percentage fee a la CoinStar. This would be customer-friendly to the majority of customers who only cash in coins occasionally. Quote:
biggfredd: Heck, even the government won't sell you coins at face value There's an exception to that rule: The U.S. Mint's Circulating $1 Coin Direct Ship Rolls. Quote:
"For circulating $1 coins you want to spend or use in your business operations, we offer the Circulating $1 Coin Direct Ship Rolls. You can buy up to 500 $1 coins at face value and receive free standard shipping and handling." http://www.usmint.gov/mint_programs...n=directShip http://catalog.usmint.gov/webapp/wc...tegory=16238Edited by DNA
10/21/2008 10:05 pm
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Bedrock of the Community
United States
20753 Posts |
Quote:
First, the banks still take your change. It just gets counted somewhere else. What is wrong with that? I guess you all missed that somewhere.
Exactly what Bank of America told me. HOWEVER, there is now a charge for the transporting, counting those coins. The amount is not disclosed at the time of deposit and you will not find that out until the deposit is entered. ALSO, the amount varies pending the transportation organization. Quote:
Exactly. People need to understand that it costs the bank money to shuffle coins around and store them, and they don't need the help of someone bringing in a bag of cents to swap for a different one that they have to keeptrack of.
That's even before you consider the direct and indirect cost from giving out rolls of coins that are short, but the bank bought as full.
I guess only if you work in a bank is this really understood. In the past I used to always try to find a time when the banks were not to busy to deposit coins. In most banks around me there is always a line and when one person holds up the line with a bag of coins to be counted, I feel like yelling at them for being inconsiderate. Then I say to myself, hey I do that too. Edited by just carl
10/20/2008 08:25 am
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Moderator
United States
188938 Posts |
Quote:
Finally. Agreed. So you understood my point! Yup. Even if it is not about making money, all financial institutions have a bottom line to maintain. If refusing coin dumps helps that bottom line without upsetting the customers that represent the majority of their deposits, then they will do it. |
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Pillar of the Community
United States
792 Posts |
I bank at the State Employee's Credit Union in NC. Like someone mentioned before, all I have to do is put the money in the machine (no charge) and it prints out a receipt to take to the teller. We now have an ID card that you swipe (like a debit card) and all of your info comes up so there's not a bunch of "sign this and that". But I went there yesterday and today and it's out of order....  |
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Pillar of the Community
United States
2540 Posts |
At least Commerce Bank still takes them.
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Replies: 45 / Views: 7,360 |
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Posted 08/22/2008 2:49 pm
