Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Join Thousands of Coin, Bullion, & Money Collectors Specializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer 300,000 items to help build your collection! Royal Estate Auctions - $1 Coin AuctionsRoyal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Coin, Banknote and Medal Collectors's Online Mall








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Dump Bank Fees

To participate in the forum you must log in or register.
Author Previous TopicReplies: 21 / Views: 4,088Next Topic
Page: of 2
Pillar of the Community
fistfulladirt's Avatar
United States
4333 Posts
 Posted 06/04/2014  1:38 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
My routine is to sit down with $1,000 in dimes, search and re roll in just a hair over 2 hours.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Valued Member
Socal SilverHunter's Avatar
United States
183 Posts
 Posted 06/06/2014  11:36 pm  Show Profile   Bookmark this reply Add Socal SilverHunter to your friends list Get a Link to this Reply
The coin counting machines are inaccurate in my opinion. I just re-roll after searching.
Pillar of the Community
duncanbishop24's Avatar
United States
898 Posts
 Posted 06/06/2014  11:51 pm  Show Profile   Bookmark this reply Add duncanbishop24 to your friends list Get a Link to this Reply
Fistfull, that's an insane speed, unless all you're looking for is silver. Impressive.


I worked at a credit union, so profit doesn't go toward stock holders since there are none and it is owned by the members. It is actually a non profit. Anyways, the reason we had a 10% fee for people w/o accounts is to make money. We charged business accounts (vending machines for example) 15%. We took rolls at face. Members would be charged a 5% fee. This isn't to make money, well it is but it is to generate some income from a machine that takes constant maintenance and other operating costs in the bank. They're not trying to rip you off, just pay for the machine/it's maintenance. Trust me there is a lot that goes wrong with them.

I myself would never exchange coin for under face. I also worked there and never get charged a fee. There are other ways to get out of fees depending on your standing with the credit union too.
Valued Member
Danhelmick98's Avatar
United States
330 Posts
 Posted 06/07/2014  10:41 am  Show Profile   Bookmark this reply Add Danhelmick98 to your friends list Get a Link to this Reply
I guess I'm lucky in the fact the I don't get charged with dumping coins. I usually dump over $50.00 at a time too.
Valued Member
snowman24's Avatar
United States
186 Posts
 Posted 06/07/2014  11:23 pm  Show Profile   Bookmark this reply Add snowman24 to your friends list Get a Link to this Reply
my local Walmart have self-serve check out lanes where you can probably dump as many coins as you need without the charge up to the check out total...its probably not as fast as a coin counter but whatever... hey its a free service...they even take halves too
Valued Member
1000_Rubles's Avatar
United States
258 Posts
 Posted 06/09/2014  11:52 am  Show Profile   Bookmark this reply Add 1000_Rubles to your friends list Get a Link to this Reply
Honestly I like my bank so I'm not going to switch, I'll just make sure from now on that I don't exceed the $25 limit when dumping. Re-rolling just takes too much time that I don't have. Plus, many times I just substitute other denominations for ones I keep from my roll hunting so I can't re-roll, I have to dump them in a coin counting machine. Normally it gives me more money than I had originally

On a side note, today I picked up four small dollar rolls, searched through them, and decided to run them up to a nearby bank that I've never been in to switch for cash. When I went inside I was told I had to have an account...
  Previous TopicReplies: 21 / Views: 4,088Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.25 seconds to rattle this change. Forums