Troubles Exchanging Coin For Cash?

^%$#@$# Banks!

This is a disgrace, lucky for some on the east coast, there is a bank called TD Bank, formerly called (commerce bank), for any one, free coin counting machines all day, even Sundays.
I would not advise placing the newer dollar coins in the machine, It does not play nice with them, meaning, it can not count them right, beware......

I have never had trouble depositing coins at my bank (Wells Fargo, previously Wachovia, previously Southtrust). If I did, I would do like the guy in the article, change banks. I have to do alot of stuff that I would not necessarily choose to in my joy, but it is called customer service and quite frankly, I am proud to have a good job.....the customer is always right (most of the time).

If this is their logo...



then, yes. Check out this Canadian Stamp...

I don't like to take the side of the banks but there really are reasons for charging people for changing coins for cash. I live in the Chicago area and have been telling people for a long time about this. I have accounts in 5 banks and all now charge for changing coins for cash. Bank of America has told me that as coin countering machines break down, they will be discarded. If anyone brings in coins, they will be placed in a plastic bag, sent out for counting with the results placed in your account and there will be a charge for that. NO ACCOUNT? The charge goes up.
The reason is simple. Coin collectors themselves are to blame mostly but crooks do their part. Some tricks being used is to bring in rolls with the following: One or two coins short per roll, pennies in with the nickels or quarters as fillers, washers instead of coins, etc. Also, asking for rolls, taking them home, looking through them and then returning them to that same bank.
If you worked in a bank you would realize they are a buisness just like many other companies. They are there to make a profit and not cater to the sillynesses of hobbiest and crooks.
This will continue to happen in more and more areas as long as people do those things that make a bank's buisness difficult and expensive.

Stop and consider what is happening and place yourself in the banks situation. People come in, ask for rolls of coins, take them at no charge, look through them, replace the ones they want with slugs, tokens, washers or smaller denominations, return them to you, again at no charge. You now find yourself short of money and paying employees to handle that. WHAT WOULD YOU DO?

To combat those problems, the banks up here ask that you put your name and phone number on the rolls. If any problem is found with them, then they know who is the originator. It helps to keep people honest.

That said, it is not a total requirement, and many people don't bother and the banks don't really enforce it, but there are times I've had to do so right at the bank counter.

Back in the 80s, the Royal Bank of Canada had plastic rolls called "Penny Pinchers"; they were basically C-shaped and flexible and you stuck your coins into them from the open side, on which one could also see what was in the roll. There was a charge for them, I think a dime each, but they would give you empty ones whenever you deposited such rolls. They were popular, but before long were eclipsed by clear plastic rolls that were made up of two hinged semi-circles with a flap on the edge, the top having three or four dimples to receive the bottom corresponding "bumps", which were fitted together and then pressed to seal the roll.

The latter seem to be pretty much the norm if one isn't using shotgun rolls, or the old fashioned flat papers with the circle cutouts to show what is in the roll after it is rolled, or the brown-paper tubes. Most dollar stores sell these plastic rolls, usually in packs of 35 or 40 for a buck.

I see these are available in the US at http://www.napcoinsorter.com/cgi/co...ion&key=5250
All banks have to do is require that they be used. If a person does use them, I doubt they could still charge a fee.

Problem solved.

Why wouldn't a bank that is very customer friendly, put in a counting machine (coinstar, etc) for its customers. If you have an account at the bank, the counting should be free. I have no problem with charging a fee for non-customers. As a side note-I recently tried to cash a check at the bank at which it was drawn. I was told that since I did not have an account there, they were going to charge me a $5.00 fee (the check was from their bank!!) I either had to pay or deposit the check in my bank and let it go from there. Needless to say, I will never do business with that bank.

If you don't like standing in line, maybe you should try banking online or by mail! If my money is in that bank and I want to business (whatever it is) then I guess whoever is behind me will just have to wait their turn (just like I did)! I've stood in line for 15 minutes while the 2 tellers waited on the same 2 customers the whole time! (and they weren't doing anything involving change) When my turn came I was done in 3 minutes leaving with $200.00 worth of coin! I don't believe it is up to you to decide whether or not somebody "requires those rolls" or not! It's their business if they wish to buy coin! Waiting in line is the norm these days wherever you go (Grocery store, Doctors office, restaurants & yes even the bank)! Get used to it or get used to Dominos Pizza!