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 Replies: 26 / Views: 3,178 |
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Pillar of the Community
United States
2049 Posts |
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It isn't that you hit a nerve with Omaha. It's that too many roll hunters think banks should cater to their needs. Banks aren't in business to only service roll hunters. Banks want to make money, roll hunters for the most part are counter-productive to them making money Agree 100% with this. I think too many of us are a bit unrealistic and expect banks to bend over backwards to cater to our hobby. To be honest, it's selfish in my opinion. I had 2 business accounts and 2 personal accounts at my bank, a great relationship with the head teller and the branch manager but I still knew not to expect them to cater to every one of my collecting desires. A box here or a box there is all I would order, and honestly I have hard time understanding the entitlement mentality that some show in what they expect banks to do for them. This may not be the most popular view on a forum of collectors, but keep in mind I have been on the side of running/owning a business and most here have not. So I see things from both sides of story. |
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Valued Member
 United States
417 Posts |
I have about 8 banks in the are that I use. some for dumping some for picking up new rolls.
Two have said that they would be glad to order boxes for me and always ask about anything I might find. I have even helped a couple of the tellers who also collect. The still save coins for me that pass through their windows.
Neither of those two banks take customer wrapped coins. I like to get them once in a while to see what people might be getting rid off. Had some great finds with them in the past.
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Rest in Peace
United States
9104 Posts |
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Not very good pr if you ask me. PR costs money. How much is the bank making from your accounts? |
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Valued Member
United States
294 Posts |
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We had been a customer for quite a while. Two of the tellers knew I collected coins and even saved odd ones for me. I took quite a few coins from the tellers that the machine would not except to help them out.
Sorry omahaorange, sounds like I touched a nerve.
The way business has been the past couple of years everywhere, even working with a potential future or re-occuring customer just makes good business sense. No need to apologize, no nerve struck, just making a comment. I don't work for a bank. I just see so many threads from roll hunters who think the banks should cater to their hobby without thowing an occasional bone the bank's way. Maybe my definition of "customer" differs from somebody else's so let me explain. I am a customer of my bank. I have several accounts with them, and had my mortgage through them, in addition to a car loan. So the bank has made, and continues to make, money from my business. You stated earlier that you "used to have a loan" through this bank. But what I get from your post is that the loan is paid, and all you do at this bank now is simply exchange coins. So you generate no business, therefore, by my definition, you are not a customer. As far as potential or future business opportunities, most places would indeed, think maybe; but after a while, when there is no sign of you doing any business with them, they'll assume you really won't. Exchanging coins is not doing business. A horse will only follow the dangled carrot so long before he realizes he'll never catch it. Most businesses are smarter than that horse. |
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Pillar of the Community
United States
2049 Posts |
Quote:
You stated earlier that you "used to have a loan" through this bank. But what I get from your post is that the loan is paid, and all you do at this bank now is simply exchange coins. So you generate no business, therefore, by my definition, you are not a customer. As far as potential or future business opportunities, most places would indeed, think maybe; but after a while, when there is no sign of you doing any business with them, they'll assume you really won't. Exchanging coins is not doing business. A horse will only follow the dangled carrot so long before he realizes he'll never catch it. Most businesses are smarter than that horse.
Well said. That is the impression I got too. It doesn't sound like he is a current customer, so what he is doing costs the bank time and money. They may allow it for a certain period of time in the hopes that they get him as a customer with another loan or deposit. But if it's just a one-way street where the bank is being asked to cater to the collector with nothing in return, then there's no reason for them to continue to allow it. It costs the bank time and money to order boxes, to process large coin deposits, to maintain the coin counter, etc. |
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Valued Member
United States
417 Posts |
I know one thing the banks make a lot more from me than I do from them.
Better return on the coins I find the the money in any accounts.
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Rest in Peace
United States
9104 Posts |
I convinced a 40 year old friend to get a credit card, just for the occasional mail order purchase, etc. He applied at his bank, and of course got turned down.
I then told him to go to the bank in person and insist on talking to a manager. Real simple speech: You have one hour to issue me a credit card or write me a check for the six-figures I have in my account, you choose. Took about 15 minutes and he got a free lock box for his trouble.
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Valued Member
United States
318 Posts |
I make it a habit to not strongarm or annoy those who are custodians of my money. I am buying at my personal bank, and dumping at another branch across town. So far so good. When I am told No More, I will politely say thanks for your time, and open an account at another bank.
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Valued Member
United States
294 Posts |
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I know one thing the banks make a lot more from me than I do from them.
Better return on the coins I find the the money in any accounts. If it were the other way around, banks could not afford to stay in business. There are better investments out there. I pay my bank fees because they provide me services, such as keeping my cash safe but accessible, paying interest on savings, lending me money for big purchases. Same as the barber, mechanic, convenience store, and Walmart. Different services, but still cost me money. |
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Valued Member
United States
306 Posts |
sel_69l, I had no idea you could by mint products at y'alls post offices....that's awesome!
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Valued Member
United States
64 Posts |
They should have pointed you in the direction of the closest "coinstar".
'Course it will cost you about 8%
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Replies: 26 / Views: 3,178 |
First Page
Posted 02/02/2012 06:00 am
