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 Replies: 21 / Views: 4,391 |
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Pillar of the Community
 United States
2917 Posts |
Sorry for your awful experience with them, thecoinguy1964. Why wouldn't they cash a personal check? That's just bizarre!
Other than small branches which have small safes (and can only take in a limited number of rolled coins), I haven't had many problems with Chase.
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Pillar of the Community
United States
2917 Posts |
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For a profit. If a service costs them more than they get in return, it goes bye-bye. I don't think it's even that with these guys. I think their goal is to get rid of coins completely at some point in the very near future. I mean they wouldn't even take ONE ROLL of pennies for crying out loud! Thank God I have lots of other banks in the area. Quote:
Do they put holds on any type of physical currency over $50? No, it was only for coins. They ship them to their central processing plants in bags... It will be quite silly to see them shipping a 50 cent roll of pennies in these big bags now. Then again, BofA has never been the most efficient bank around. Quote:
B of A has always been good to me. Almost all of my crh silver came from there. I have never had any problem with them. Consider yourself lucky. I doubt your luck lasts much longer with them. CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Edited by John77
03/02/2017 10:40 pm
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Moderator
 United States
189767 Posts |
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I don't think it's even that with these guys. I think their goal is to get rid of coins completely at some point in the very near future... You may be right. To be clear, their problems go beyond any inconveniences to CRH. Too big to fail?  |
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Pillar of the Community
United States
4333 Posts |
Yes, the goal of the TBTF banks is to go completely cashless.
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
United States
624 Posts |
I use Santander Bank in the Boston area. They take the rolled coins and credit the account. They don't count them, or check them. It's a small town and they trust that it's accurate. I have got good at stacking the coins like poker chips and am always certain that they are right, but you never know if people are being sneaky or not. I was actually surprised when they just took them and put them in the drawer the first time.
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Valued Member
United States
127 Posts |
COINSTAR machines. No problem getting rid of your coins.
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Pillar of the Community
United States
2917 Posts |
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You may be right. To be clear, their problems go beyond any inconveniences to CRH. Too big to fail? Yup, the government saved them the one time... I would think with the relaxed regulations happening as a result in the change of President that banks would want to do more to get customers. Maybe they want to fail. Quote:
Yes, the goal of the TBTF banks is to go completely cashless. Sorry, not familiar with this TBTF acronym, fistfillofart. What does it mean? Quote:
COINSTAR machines. No problem getting rid of your coins. Which is fine if you like losing 11% of your money every time you use one. NO THANK YOU! CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Moderator
United States
189767 Posts |
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Sorry, not familiar with this TBTF acronym, fistfillofart. What does it mean? Too Big To Fail.  |
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Pillar of the Community
United States
2917 Posts |
Thanks, jbuck. I *should have* been able to figure that out... CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Edited by John77
03/06/2017 2:55 pm
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Pillar of the Community
United States
999 Posts |
We are well on our way to being a coinless society. Soon the whole idea of coin counters and rolling coins will be obsolete or as rare as a coin phone. My guess is that within 10 to 15 years coins will be discontinued and paper money not too far after that.
Much sooner than that I would not be surprised to see CoinStars popping up in banks as the only way to turn in coin in quantities larger than a few dollars. Maybe they put them in the public lobby like ATM's. Perhaps if you have an account the fees are waived or less than than the 9.9% they take now and the remainder is deposited into your account. Non-account holders would have to cash the receipt in during business hours, subject to the regular CoinStar fees.
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Pillar of the Community
United States
593 Posts |
I have 4 accounts with B of Am and Dont have a problem. Except I have to roll the coins. They give me rolls also especially when they get get Unc rolls. or most if they have them in stock. I got several rolls of Presidential dollars and State or ATBs quarters. I think it is the Branch Mgr or to busy to mess with that causes any problem. My credit union is very nice and they have a counter that saves me rolling and they give me new unc rolls if they have any. I think that some problem that I live in a small town of 14,000 people and they give me rolls also if available |
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Pillar of the Community
United States
2917 Posts |
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We are well on our way to being a coinless society. Soon the whole idea of coin counters and rolling coins will be obsolete or as rare as a coin phone. My guess is that within 10 to 15 years coins will be discontinued and paper money not too far after that.
Much sooner than that I would not be surprised to see CoinStars popping up in banks as the only way to turn in coin in quantities larger than a few dollars. Maybe they put them in the public lobby like ATM's. Perhaps if you have an account the fees are waived or less than than the 9.9% they take now and the remainder is deposited into your account. Non-account holders would have to cash the receipt in during business hours, subject to the regular CoinStar fees. Saw many of these kinds of posts about being a "coinless" society way back 20-25 years ago. The more we resist it, the less likely it is to happen. And from what I understand CoinStar considers themselves to be a "competitor" with the banks, so I don't expect to see them in banks anytime soon. CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Moderator
United States
189767 Posts |
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And from what I understand CoinStar considers themselves to be a "competitor" with the banks, so I don't expect to see them in banks anytime soon. If the price is right, they will do it. However, given that we are talking about how the banks are cutting services to save on costs, I doubt the price would ever be right. |
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Moderator
United States
189767 Posts |
Quote:
Saw many of these kinds of posts about being a "coinless" society way back 20-25 years ago. The more we resist it, the less likely it is to happen. 20-25 years ago we did not have the technology we have today. Every other month I am adding a place where I pay by phone instead of cash or plastic. It may not appeal to you, but "all the kids are doing it."  I said in other threads that it may never happen with us. It may not even happen to the millennials, but I honestly believe their kids have a real shot at maturing in a post-cash society. We do not have to like it. Heck, we will probably be dead or in assisted living by then anyway. |
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Pillar of the Community
United States
811 Posts |
there is a bank on my route ive stopped in that has a coinstar in the lobby
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Replies: 21 / Views: 4,391 |
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Posted 03/02/2017 10:37 pm
