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 Replies: 27 / Views: 49,522 |
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Valued Member
United States
146 Posts |
The fact that Wells Fargo recently removed all coin counters was BAD, but the latest news is ALARMING. My branches confirmed that they will NOT accept any rolled coins, and will only take loose coin up to a limit of 5 dollars! They told me to take it to Coinstar and pay the 10% fee! Are you kidding? This is total insanity! The war on CASH is unprecedented and is escalating at a rapid pace. What's next - rejection of 50 or 100 dollar bills?
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Pillar of the Community
United States
4212 Posts |
Consider yourself lucky.
Here, WF has been doing that for yrs.
They've never had a counter for customers,
just their own use.
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Bedrock of the Community
Australia
21786 Posts |
What? Not even SILVER dollars?  |
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Pillar of the Community
United States
1609 Posts |
Hey, I always pay my fee (though it is only 3%)
Try going to another local bank.
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Valued Member
 United States
146 Posts |
Banks not accepting legal tender is something straight out of George Orwell's 1984. WOW! The events of the past year seem to indicate a shift toward a cashless society.
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Moderator
 United States
188326 Posts |
Sorry, but being legal tender does not mean the banks have to take it unless you are trying to settle an existing debt with that bank.
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Bedrock of the Community
United States
94367 Posts |
Correct, unfortunately. Most banks are dropping many of their traditional free services. Shame.
Edited by Coinfrog
02/16/2017 7:06 pm
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Valued Member
United States
165 Posts |
This is essentially why I gradually spend my rejects, rather than drop them off at a bank. At least where I am, there's just too much bank-based animosity surrounding any level of perceived coin roll hunting. While I've dabbled in various denominations--specifically, nickels, dimes, quarters, and half dollars--I've had the most success spending half dollars in in-person transactions. Unlike everything "below" them, I've never had rolls of half dollars questioned and/or rejected when presented to a cashier (and I've spent somewhere in the neighborhood of several thousand of them). Sometimes, the half dollars are taken out of their wrapper to verify its contents, but the coins' large size means that nearly anyone can quickly and easily count them. Granted, this process takes MUCH longer than a weekly drop-off/ pickup routine, but at least it helps to stave off the inevitable ban from the bank.  Edited by Earendil
02/16/2017 7:24 pm
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Pillar of the Community
979 Posts |
My local WF branch has said not only will it accept rolled coins but there is no limit on how much I can bring in.
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Pillar of the Community
United States
1963 Posts |
My WF bank took its coin machine out yesterday, so there is the end of my roll hunting for now.
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Pillar of the Community
United States
2589 Posts |
What if I try to deposit a $10 platinum eagle? I bet they'd violate their company policy then  |
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Valued Member
United States
154 Posts |
Drop WF then. Pull your account, tell why, contact corporate level customer service with reason and particular branch, and open a credit union.
I'm already mad at them for financing the DaPL and opening a credit card account for me without my permission...
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Pillar of the Community
United States
4333 Posts |
WF? Run. Run far away, and fast. Keep an eye out behind for phantoms.
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
840 Posts |
fist, I LOVE your comment!
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Valued Member
United States
146 Posts |
I second that berto - fist is right on! I better RUN far away before they open a bunch of unauthorized accounts in my name! LOL
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New Member
United States
34 Posts |
Here in central VA I have been able to cash in boxes of coins. Recently I cashed in my box of searched half dollars. Sometimes they ask for my ID and phone number, I guess to contact me if the rolls are under.
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Replies: 27 / Views: 49,522 |
Posted 02/16/2017 3:33 pm
