Business Accts.

Bank of America charges businesses for large cash deposits of any kind. So in my business if I get a large amount of cash it does not get deposited.

Actually to dump searched coin I split it up to different branches & a small local bank that I also use.

I do not dump it where I get it from.

We also spend it, halfs, small dollars drive some people nuts & others will question whether it is real money.

My bank required proof of registration for a business and most banks would likely do that as well. In order to get an FEIN (Federal Employee ID number) it should be free from the federal government. But you will likely need to register with your state Dept of Financial Institutions as well as the state Dept of Revenue. In Wisconsin, the costs associated with that were $160. On top of that, you will be filing paperwork until your eyes are crossed. Is it really worth it if not running a legit business?

Well as I mentioned, most banks will require a legit business in terms of being fully registered with the federal and state governments, along with the costs associated with getting those registraions done. From there, some state DOR's (Dept of Revenue) may require a monthly submission for sales and use tax. Whatever/however you decide to classify your business and whether it's truly a legit business or not is not what I am getting at. You're asking about the cost per box for ordering coin and I am simply pointing out that there is more to it than simply printing a homemade business card in order to open a business account. I'm trying to make you aware of the direct (registration fees for example) and indirect (time spent filing paperwork) costs that are associated with this.

No, never tried it, just an idea. I do have biz cards so that was just a recommendation.

interesting. no in va I wouldn't HAVE to file every month, unless the income exceeded a certain amount. it's somewhere around 8,000 but either wai I won't be making that much I'm sure.

I don't know for sure, but I was under the impression banks usually charge businesses a fee to handle coin..?

I know TCF bank charges to use the lobby coin counter if you have a business account, while it is free for non business account holders.

I don't know what you have and haven't done so far. But shop around for a more accommodating bank. Find a bank who gets charged a flat fee from their armored delivery service. It doesn't cost them to order additional boxes of coins.

Banks are really odd lately. I've got accounts in 5 different banks in my area. With Bank of America if you bring in bulk coins, they put them in a plastic bag and send out for counting and there is a charge for that if you have an account or not. Without an account, the charge is higher. Just for fun I asked what if I bring in a hndfull of coins. A teller told me rules ar rules and they must be sent out for counting. Nuts. Similar with Chase Banks by me. A few smaller banks still have coin counting machines and one will still take in coins if you have an account and no charge if less than $100 in coins. People in other states tell me the same banks I use have different policies in those states. None by me will order any bulk coins for anyone without a buisness anymore. None will handle Half Dollars either.
I asked at BOA why such silly new rules. Was told that basically coin collectors have made these rules necessary. People bring in short rolls all the time. Those are the ones where they either are missing one coin or have a few washers in each roll. Then too so many take out bulk coins and just return them eating up tellers times. This makes people in line irritated and the banks don't want to loose a REAL CUSTOMER for someone that wants to play look for a good coin.