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Replies: 17 / Views: 4,312 |
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New Member
United States
26 Posts |
Chase is now only letting me order a single box without a fee. The fee is $25/box after the first "complimentary" box.
Anyone else getting this same abuse?
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Pillar of the Community
United States
1963 Posts |
Nope. But I now have to hand roll all my searched coins, so I quit. It was just not profitable.
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Bedrock of the Community
 United States
12477 Posts |
I really don't understand that. It is a box of money, right?
If they want to charge $25 per box, then go to another bank and get $25 worth of cents without a fee.
Banks should not make money on a straight exchange.
In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru 03/11/2017 04:20 am
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Valued Member
United States
343 Posts |
Everything should be free.
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Forum Dad
 United States
24165 Posts |
It's about time they stopped spending money so you can make money. Instead of being mad, be grateful you got it for free for so long. It's not their job to supply you with coins for free so you can make money and they don't.
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Pillar of the Community
United States
2915 Posts |
I don't order my halves from Chase, so I don't know... your branch is jacking you. Best thing to do is to start ordering from other branches if possible... keep getting your one "complimentary" box from that branch though.
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Pillar of the Community
United States
3210 Posts |
There's possibly a reason why they may do this. Halves aren't commonplace in circulation so to them it seems like a specialty order. I have 2 banks that order me whatever I want but I keep running into the same stuff in my area (lower Ny near NYC). There are also other hunters in my area so finding silver is getting scarcer and scarcer.
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Pillar of the Community
United States
1192 Posts |
Seems pretty reasonable to me that they let you order one box for free each time. After all they have to pay to transport it. How is that abuse?
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New Member
 United States
26 Posts |
The branch that I have been using is the "coin center" for the region. They order coin twice a week. They always have a coin order coming through that does not include anything that I order. I bet they are not charging their other customers...
I guess that is what I call abuse...
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Pillar of the Community
United States
2915 Posts |
Quote:
The branch that I have been using is the "coin center" for the region. They order coin twice a week. They always have a coin order coming through that does not include anything that I order. I bet they are not charging their other customers...
I guess that is what I call abuse... As long as they are your bank, they shouldn't be charging you IMHO. That would definitely qualify as "abuse" to me.
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Valued Member
United States
467 Posts |
It costs the banks to order coin, you think the companies that re roll are doing it for free? I stopped searching coins in 2011 when most of the banks in my area started charging. I was grateful for the yrs I did for free.
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Rest in Peace
10197 Posts |
 w/oober an Bobby, look folks, the banks have to pay the transport company, the fees they're charged haven't been passed on to you until now? What are you  in' @? Your bank is a business, the mom & pop banks are hurting right now, being run out of business by regulations and the big boy bailouts. Yea, Chase can do that, they're a big boy, they SET the rules now. Everybody's wanted something for nothing so long, we've come to expect it.... Welcome to the gulag, comrades, that's EXACTLY what its about, this poopydoo of " redistributed wealth", everything Equal, gotta be FREE stuff. All Karl Marx's idea! Rant over!
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Pillar of the Community
United States
7621 Posts |
Great idea! Start your own bank! Advertise that you will supply CRH's with all the half dollars and bulk coins they want.
After you contract with a vault service and armored car company start ordering bulk coins.
After a few months come here and tell us how it is going! Let us know if the bulk coin business is generating profit or costing the bank money.
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Bedrock of the Community
 United States
12477 Posts |
My response above was in no way implying that everything should be free. Also, if banks are interested, they can certainly hire someone to search all of the coins that pass through for anything valuable. That's just not the business they're in.
Especially if you hold an account at the bank, they're already making money off of you.
I compare it to a convenience store. The gas you need is not what they make money on, it's everything else they sell when they get you there.
Banks make way more on other aspects of their business (loans?) that charging an account holder $25 to get some coins seems in the weaselly area to me, especially for a bank like Chase.
In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024
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Moderator
 United States
188770 Posts |
#firstworldproblems  This so-called bank abuse crap has been coming up way too often lately. I might have to start serving cheese with this whine. 
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Bedrock of the Community
 United States
12477 Posts |
I wouldn't call it abuse by any means. Banks are businesses and have the right to do it. I guess I would call it discouraging at least. Maybe even off-putting, if there's a difference. I would like to expound upon #firstworldproblems but all I can say is I live where I live and problems exist. 
In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024
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Replies: 17 / Views: 4,312 |