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 Replies: 17 / Views: 3,723 |
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New Member
United States
19 Posts |
Is it required to re-wrap the non-silver coins when returning them to the bank?
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Moderator
 United States
14463 Posts |
some banks want them re-rolled, some don't.
Hint - don't dump coins back in same bank, you may get your old searches back
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Pillar of the Community
United States
1234 Posts |
 gotta ask what the bank wants and yeah dump at a different bank. |
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New Member
 United States
19 Posts |
Thanks guys, I am a member of Chase and my dad has a Centier account so that should work.
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Moderator
United States
14463 Posts |
words of caution:
some banks might charge for dumping coins
some banks are selective in what coins and how many coins they will order
some banks might require you to have a business account instead of a personal account
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Pillar of the Community
United States
5207 Posts |
Quote:
Thanks guys, I am a member of Chase and my dad has a Centier account so that should work. New Fed law you can't deposit CASH or COIN into an account that is not in your name or you are not an authorized party on. Every once in a while I will give my parents a bag of coin and have them deposit in their account and write me a check to pay for my property taxes or what have you. It's almost like having another dump bank. I tried picking up a few boxes at one of their bank branches and even with their account ID card it didn't end well. |
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Pillar of the Community
United States
898 Posts |
Jack,
Any more info on this law?
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Pillar of the Community
United States
4333 Posts |
Banks = evil.
I cancelled six different accounts and now I'm with credit unions.
They take my coin either way.
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
858 Posts |
I don't believe that law exists.... I do this frequently....whoever told you this is misinformed. Sounds more like an individual bank rule.
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Pillar of the Community
United States
2543 Posts |
Quote:
New Fed law you can't deposit CASH or COIN into an account that is not in your name or you are not an authorized party on. Must have been enacted yesterday, because the day before was the last time of many, many, that I deposited cash for a friend who works nights and sleeps during the day. |
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Pillar of the Community
United States
4333 Posts |
I've heard of that law and tried to Snopes it.
I know a financial officer and teller, they call BS
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
07/15/2014 8:44 pm
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Valued Member
United States
66 Posts |
Quote:
New Fed law you can't deposit CASH or COIN into an account that is not in your name or you are not an authorized party on. Darn, I keep hoping an unauthorized party WILL deposit a large sum in my account. |
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Pillar of the Community
United States
1132 Posts |
I rewrap the pennies I return after a CRH. I don't have to wait for the bank to count them & the funds are instantly available.
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New Member
United States
42 Posts |
The bank I use has a coinstar machine that is free to members I asked if there was a limit and the branch manager said no
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Pillar of the Community
United States
4333 Posts |
Quote:
The bank I use has a coinstar machine that is free to members I asked if there was a limit and the branch manager said no Let someone begin dumping $3k-$5k in halves a week, and see how fast they change their tune, ha-ha! 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
830 Posts |
Chase will not let me deposit cash into my sons account
only checks or money orders. They said new rule to prevent money laundering. If it is actually law I do not know
it could be a rule adopted by the banks?
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Replies: 17 / Views: 3,723 |
Posted 07/14/2014 11:07 pm
