| Author |
 Replies: 23 / Views: 17,134 |
|
|
|
Pillar of the Community
 United States
7375 Posts |
Yeah, I don't know why I get so upset about a bank not knowing how to run a successful business. I think I was more upset that someone said "no" to me, but that's a whole 'nother story.  Don't know a whole lot about the banking/financial system, but it seems they are generally incompetent, and basically fall under the category of a government subsidy, kinda like the USPS, after all the bank bailout nonsense years ago. I'm sure there are some good small banks, credit unions etc., I'm not talking about them. I do know how to run a successful business because I've done it in the most difficult town in the world to do business. Now this thread's gone sideways, sorry. Edited by edweather
10/28/2014 4:06 pm
|
|
Valued Member
Canada
488 Posts |
Why not have a small fee if your not an account holder? Then they can cover the cost of shipping in money. Although last time I checked banks are charging plenty of fees as well as profiting off having our money in the first place. They are by no means struggling. Even though non members aren't paying the fees there are plenty of others who are being raped enough to spot a stranger a ten. But if they had traded your ten then they may not be able to fly the ceo's around on private jets. IMHO
|
|
Moderator
 United States
189969 Posts |
Quote:
...and basically fall under the category of a government subsidy, kinda like the USPS... Not really. At least the USPS is Constitutional (Article I, Section 8, Clause 7). Bank bailouts, not so much (poorly applied commerce clause aside).  Quote:
Now this thread's gone sideways, sorry. You started it (the thread, not the slide).  |
|
Rest in Peace
United States
7075 Posts |
I'm with edweather on this one.
I think it would be a decent thing to do to just exchange folding money for rolled coins. And I also get that it costs the banks to do this and if they wanted to charge a fee -- fine. There are all kinds of places that will cash a check for a fee and people put up with that.
But this very thing has happened to me at my own bank. It used to be a halfway decent place 25 years ago, but it's changed hands about 5 times in the past 5 years and the people there now are horrid. They are rude and refuse to sell rolls of coins entirely. In fact, they get real snotty when we make a withdrawl.
We have since opened two other accounts -- one in a bank and one in a credit union (nice people there). But none of them want to handle money -- not actual money. Go figure.
I think they would like to do away with cash money for good. It concerns me how they managed to all get on the same page about this.
|
|
Pillar of the Community
United States
7375 Posts |
With all the internet banking going on, the brick and mortar banks might be on their way out. They clearly don't want people storing money in savings accounts anymore according to the interest rates offered. Not too long ago they used to compete with other investments to get your money. I could set my watch by how the stock market was doing, as to what the savings account interest rates were at the time. I guess a 5 yr CD is still an option, but I rather throw a dart at a mutual fund...or buy coins  |
|
Pillar of the Community
United States
814 Posts |
|
|
Moderator
United States
189969 Posts |
Yes!  |
|
Valued Member
United States
344 Posts |
I'm with the "banks do not owe you anything" crowd. However, banks are not the only source of rolled coins. If you were looking for just a roll of quarters, you might want to try the grocery store where you shop.
At my kid's school milk is $0.35. Once a month when shopping, my wife asks the cashier for a roll of quarters and dimes. Rarely is she turned down.
|
| |
Replies: 23 / Views: 17,134 |
First Page
Posted 10/28/2014 5:15 pm
