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If I Ask For Coins At The Bank Guess What Happens.

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Bm0ney's Avatar
Canada
1005 Posts
 Posted 07/24/2012  3:44 pm Show Profile   Bookmark this topic Add Bm0ney to your friends list Get a Link to this Message Number of Subscribers
When I go into the bank and ask for rolls of coins I hand the teller cash and the only question I get is what denomination. The teller asks the cage for them they sit them on the counter and I leave.
Unwanted rolls are returned to the bank in elastic banded bundles of 10 rolls deposited in my account zero questions asked and I leave.
Local stores and gas stations will gladly take the bundles of 10 rolls for cash before I get to the bank.
I am happy to answer any questions that anyone has about my method of getting and returning rolls, post them here.
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oih82w8's Avatar
United States
7840 Posts
 Posted 07/24/2012  4:08 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Sounds like good business practices to me!
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Bm0ney's Avatar
Canada
1005 Posts
 Posted 07/24/2012  4:12 pm  Show Profile   Bookmark this reply Add Bm0ney to your friends list Get a Link to this Reply
Thank you.
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timnic44's Avatar
Canada
535 Posts
 Posted 07/24/2012  9:30 pm  Show Profile   Bookmark this reply Add timnic44 to your friends list Get a Link to this Reply
I think it all depends on a person's location. I live in a small town and I can walk into any bank and buy boxes of coin. Tellers just go to the vault, bring them out and I am on my way. No questions asked and no fees. I use my own credit union for dropping and they are always happy to get them.
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Bm0ney's Avatar
Canada
1005 Posts
 Posted 07/24/2012  9:43 pm  Show Profile   Bookmark this reply Add Bm0ney to your friends list Get a Link to this Reply
Ideal timnic, and no headaches. I never ask for more than I can carry out in one trip.
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Owassokie's Avatar
United States
622 Posts
 Posted 07/25/2012  10:21 am  Show Profile   Bookmark this reply Add Owassokie to your friends list Get a Link to this Reply
Bmoney, Congrats! I truly am envious. Are you suggesting that your method will work anywhere? I'd love to hear more details especially if you have some super secret way to deposit coin. Based off the few details you provided, I don't think it will be helpful to most of us that have issues with fees when we dump coin. People that can wrap/count/stack/bundle coins in measurable containers aren't the one's having issues with fees.

OO
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Bm0ney's Avatar
Canada
1005 Posts
 Posted 07/25/2012  2:26 pm  Show Profile   Bookmark this reply Add Bm0ney to your friends list Get a Link to this Reply
The reason for the bundles of ten rolls is because I pick up full boxes but only return the unwanted coins. My local branch keeps the rolls up front in bundles of ten so when I walk in with the bundles there is no extra work for the tellers.
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Bm0ney's Avatar
Canada
1005 Posts
 Posted 07/25/2012  2:29 pm  Show Profile   Bookmark this reply Add Bm0ney to your friends list Get a Link to this Reply
These are free too!

If-I-Ask-For-Coins-At-The-Bank-Guess-What-Happens.
Pillar of the Community
Bm0ney's Avatar
Canada
1005 Posts
 Posted 07/25/2012  2:39 pm  Show Profile   Bookmark this reply Add Bm0ney to your friends list Get a Link to this Reply
I use the multi product rebate to avoid all fees at the bank.
Savings, visa, line of credit, and tax free saving account all with no monthly or annual fees at all.
Withdraw money in any denomination, deposit money in any denomination.
Valued Member
rgathright's Avatar
United States
264 Posts
 Posted 07/25/2012  6:04 pm  Show Profile   Bookmark this reply Add rgathright to your friends list Get a Link to this Reply
I agree with Bm0ney!

My favorite bank called me about an hour ago and asked if I was interested in $350+ worth of customer wrapped pennies that just came in.
...
15 minutes later I was at the bank with my large leather bag!
...
The nice teller had already set aside $80 for me and I decided to take another $80 off their hands.
...
The back story is that a local church ran a penny drive during their annual vacation bible school. They have so many that it is taking the volunteers weeks to count them all.
...
Carrying the bag out of the bank took a lot of strength but I managed to get it in my car. Of course it was so heavy that the passenger seat belt warning went off!
...
Of course this story would be useless without a picture, so here it is!


If-I-Ask-For-Coins-At-The-Bank-Guess-What-Happens.
Pillar of the Community
fistfulladirt's Avatar
United States
4333 Posts
 Posted 07/25/2012  6:14 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
Any ideas on how to easily dump about a grand a week in dimes?
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Pillar of the Community
Bm0ney's Avatar
Canada
1005 Posts
 Posted 07/25/2012  6:41 pm  Show Profile   Bookmark this reply Add Bm0ney to your friends list Get a Link to this Reply
Deposit is the word, not dump.
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Bm0ney's Avatar
Canada
1005 Posts
 Posted 07/25/2012  6:45 pm  Show Profile   Bookmark this reply Add Bm0ney to your friends list Get a Link to this Reply
Rgathright, that amount to carry would be very heavy.
Valued Member
Double J's Avatar
Canada
409 Posts
 Posted 07/26/2012  12:57 am  Show Profile   Bookmark this reply Add Double J to your friends list Get a Link to this Reply
Rgathright, that is awesome. Good for you! I like to think I have a good relationship with one teller but I certainly don't expect any calls anytime soon.lol
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 07/26/2012  06:45 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
Deposit is the word, not dump.

Nope, deposit may be your method, I have never deposited any coin in 5 years time, and I've hunted well over $100,000, never leaving a paper trail.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Valued Member
Canada
135 Posts
 Posted 07/26/2012  09:43 am  Show Profile   Bookmark this reply Add Sixthcents to your friends list Get a Link to this Reply
I agree on the location part.

I suppose this thread was intended to be sarcasm as content is fairly obvious, but the problem I face, as I have mentioned in other posts is that my pick-up bank does not want the pennies back.
They will be up to their elbows in pennies soon enough this fall.

I don't see smaller banks rushing to buy coin counters now that the penny is discontinued.

So rolled or not, dumping is slightly challenging for me. I would love to just swap "box for box".

I'm confident I could go in there during peak hours, deposit loose change into my checking, then purchase a new box from my savings etc. It's not much faster or easier, once you factor in the social awkwardness of my particular situation.

My tellers already have bundles of 10 rolls in their drawer, most of them from me, I can see my marks on the rolls.
I tried.

Heck they almost got in a catfight the last time I asked for a box. They teller beside mine overheard my order and said, "I have almost a full box right here" She proceeded to start unloading onto her counter.
They were all my old ones that have been there for weeks.

She said "A little old lady brought them in this morning". I was a little disappointed she would make a bold faced lie like that.
I did find it kinda humorous though.

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