My bank does not accept loose change

:wtf:

I'm not talking about $100 in loose change that I was too lazy to put in coin rolls. I'm talking about $9 (yes, nine dollars) worth of mixed change, the bulk of it quarters so it really wasn't that many coins. Not enough of any denomination to roll.

Since my SO and I are both pretty well broke after our vacation, we scrounged up enough change to cover an impending charge on his account and I went in to deposit. "We don't accept loose change," the (very) young man behind the counter tells me (which brings me to another thing - all the people who work in banks these days seem about 18 years old).

"Excuse me?" I reply, aghast. "Is this not a bank?"

"Well, we don't have room for it in our drawers," he explains. "We only take rolled coins."

So the bank is picky about the money it accepts. Is it just me or is this one of the strangest things ever?

Maybe it's because it's about 102 degrees outside but it all makes my brain hurt.... :banghead:

(I ended up going back to my store and having one of the checkers change it to bills. When I went back, I politely asked the teller if they took small bills. Luckily, they still do that)

but there's a machine that counts it and either credits it to your account or spits out a voucher the tellers redeem for cash. Perhaps they hould invest in one of those?

:sarcasm:

Unreal. Is it one of the too big for its britches banks?

A lot of banks don't accept rolled coins--who's to say it's counted right? Where I live even rolled coins get opened and dumped into the coin counter. I learned this the hard way after I spent hours rolling coins generated by a school book fair. My advice--find another bank that wants your business!

I hate banks with a passion anyway. They get rich off our money but feel justified in charging exhorbitant fees for ridiculous "services". Unfortunately, there aren't any credit unions conveniently located near me right now.

They're much more customer service oriented. And the fees and rates are much better there. A bank officer once told me they can't compete with CU's because they are regulated differently.

the credit union I'd been with for nearly a decade was recently bought out by a bank, and I'm having trouble finding a new one as well.

one must indicate the account to which it is to be deposited. That way when the money is counted by a machine the correct amount is credited to the account, like machines never make a mistake.

Legally they have to. I ran into this scenario years ago, and dealt with it by going to my local law library, checking out the appropriate tome, took it to the bank, and started to raise a fuss about lawsuit, etc. etc. Within five minutes I was whistling merrily along my way, and the bank had my change.

Don't let those bastards get away with shit like that. If they think they can get it by you, then they'll get it by the next person, etc. etc.

:applause: Vernon Hill:woohoo: Whatta-Banker?

All banks should take loose change.

Even hundreds of dollars in loose change.

Well the banks I used in England had no problem with that. Coins btw were put into little bags, and hence 100 pennies weighed so much and the plastic bag was negligible in weight. The banks would provide you with the little plastic bags so you could put the required contents in; I think £1.00 in 1p & 2p, £5.00 in 5p and 10p, £10.00 in 20p and 50p, and £20.00 in £1 & £2 coins. The tellers, although they're behind bulletproof glass, took the money, weighed the bags to see if it was right, and accepted it.

I do bank with a credit union and they have one of those machines. However I do go to the point of spending my spare change from time to time, so it doesn't build up I'm afraid.

Mark.

Even if you don't have an account there, you can use their change counting machine. I think all of them have it. Unlike the coinstars, they don't take any commission out of it. I never spend change, so whenever I get low on cash, I usually get a decent $30 or so in change.

They prefer coins to NOT be rolled. You can either take the cash, or make a deposit. Free to members.

and quickly calculate the total (minus a service charge of about 9 cents per $1.00). It then spits out a receipt that you can use in the supermarket, or just redeem for cash at the checkout line. It's fun and totally worth the service charge because it is so quick.

You'd be amazed how much change you accumulate.

I have paid for my grocery trips many times like this; you'd be amazed how quickly you can accumulate $30 to $50 worth of change.

but I do not like paying the commission. My bank takes change no problem, but it is a smaller locally owned chain of banks.

They call it the Penny Arcade and they don't take any commission. You can also use it even if you don't have an account there.

I'm not a big fan of Starbucks coffee, but hey, it's better than a sharp stick in the eye.

in my purse. I usually dump the pennies, nickels and dimes into a big container. When it gets full, I sit and roll those suckers! Then, I take them to the bank and have them changed into paper money. No worries. The funny thing is, I always think I'm totally broke, 'cause I may have only a $5 bill in my purse... until I realise that I have a whole shit-load of loonies & twonies in there. Which, usually adds up to about $50! No wonder my purse weighs soooo much! heee.

things like that should NOT happen.:mad:

that is what a former coworker of mine used to say...

now apparently if it isn't enough money they won't even talk to you....what nerve...

.. doing some business that involved cash, my "Free" Compass Business account would get charged $5.00 for counting anything over $3,000 - even if it was 30 benjamins.

Banks - their only innovation is how to screw you out of more fees.

my bank only accepts loose coins, the rolled coins are a nuisance because someone has to break them out of the rolls to put them in the weighing machine

to be honest i think you were played, my friend

rolled coins are a thing of the past, coin needs to be loose for the weighing machine or the jet sort machine

I ran a teller line while I was an undergrad and I can tell you that there is no way we would have turned that transaction away. We also accepted rolled coins only if the customer's account number was written on them. This was not a small credit union, it was one of the largest banks in the country.

all your accounts. I once had over $8000 in a savings account in a bank I had done business with for about several years and asked for a $12000 loan to buy a mobile home, they said that it would be a couple weeks because the board would have to vote on it. I went to the bank next door and walked out with a check for $12000 in about 30 minutes. I went back to the other bank and showed the loan officer the check and told him to close out my account and make the check out to the other bank. I don't suppose it hurt them any but it sure made me feal good. That was about 30 years ago and since that day have never set foot in that bank again and every chance I get I tell people what assholes they are.