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 Replies: 17 / Views: 3,969 |
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Pillar of the Community
Canada
9165 Posts |
I went to my Bank ( Scotia ) today to get some empty boxes for my pennies to return. She said we do not have boxes but we do have bags. These are plastic bags heavy duty, she said just fill the bag to the line on the bag.  OK so I don't have to roll them up just fill the bag to the line, I asked what if it's sort or over, you are on the 'Honor System', this could be interesting. Any one else get these bags yet.  What are your thoughts |
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Pillar of the Community
Australia
4411 Posts |
We have used bags like that in Australia for a long time. They will weigh them and know exactly how much is in each one.
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Pillar of the Community
 Canada
9165 Posts |
I kind of figured that's what would happen  |
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Pillar of the Community
Canada
933 Posts |
wow no more rolling? The future has finally hit Canada. Too bad it was AFTER I re-rolled $250 pennies last week and returned them to a few RBC branches
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Pillar of the Community
Canada
3167 Posts |
Wow, thats interesting to know...
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Pillar of the Community
Canada
9165 Posts |
I still have 14 boxes to go.
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Pillar of the Community
Canada
1177 Posts |
too bad it's not accurate, pennies vary in weight and depending the size of the bag, can be 2-4$ over/under
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Pillar of the Community
Canada
3692 Posts |
jake, you stole the words right out of my fingertips. Apart from the different compositions, we have foreign money coming in (USA) which also have differing compositions. It's pretty ludicrous that they would use this system in Canada and that is why we use rolls.
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Moderator
 United States
14463 Posts |
Even taking coin rolls doesn't make it 100% accurate. Some rolls may be short, some may be over, some may have things other than pennies.  |
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Pillar of the Community
Canada
1005 Posts |
I have a letter here dated January 15 2013 "elimination of the penny: fact sheet and frequently asked questions" from rbc designed for staff.
FAQ - client
Q. If I have a large supply of loose pennies, can I deposit without rolling?
R. Pennies should be rolled or bagged ( using an approved rbc penny bag ). The rbc penny bag must be filled to the line indicated, which equates to $25. Penny bags will be available at all rbc branches in the new year.
Edited by Bm0ney
02/15/2013 9:21 pm
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Pillar of the Community
Australia
4411 Posts |
I forgot about the different compositions of circulating Canadian coins. All Australian coins that currently circulate are the same weight and therefore weighing them in bages is accurate.
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New Member
Canada
1 Posts |
Hello All, I work for RBC and I can tell you that at the branch I work we have over 40 bags currently in our back room as we don't have room in our regular vault, we have no method to weigh the bags we just accept them as long as they look filled to the line on the bag. I must say that it is very far from an exact science with most bag being filled much beyond the line. If you need penny bags just ask at the bank and they will give you a heavy duty bag and then you can stop wasting time rerolling all the pennies you sort through.
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Pillar of the Community
Canada
933 Posts |
Thats cool, again too late for me, but I like this much better than rolling. I dont care if I'm off my $2 or even $4...id rather take 5 minutes to fill a bag of $25, instead of taking 50 minutes to roll the same amount
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Pillar of the Community
Canada
1005 Posts |
The two closest rbc branches both tell me the filled bags are for donation only.:(
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Pillar of the Community
Canada
3692 Posts |
Fuzzy: Do you guys have clear plastic rolls in the states? You can see what shouldn't be in there.
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Pillar of the Community
Canada
1700 Posts |
You could just use elastic bands to group the rolls into blocks?
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Replies: 17 / Views: 3,969 |
Posted 02/15/2013 5:19 pm
