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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
 Posted - 07/30/2009 : 18:55:21
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You think it can't happen to you. But then it does. I got a call today from my supply bank telling me not to bother coming tomorrow to get my weekly order. They said they heard from the bean counters at headquarters and they told them them they could no longer order pennies for me.  I don't know what changed. I have been getting an order of several hundred dollars each week for a year and a half. If I take sealed bags that come in from other banks I would think if would actually save them money. They don't have to open the bags and run them through a rolling machine and have the expense of the paper and boxes. Plus the armored car service stops at this branch every Thursday anyway it's not like they have to make a special trip. They said if I wanted to continue with the order it would cost me. They said $2.50 a bag. That's 5 percent I am not going to pay that.
So now I am back to square one. I need to find a new supply bank. Or spend more time going from bank to bank getting a bag here and a bag there. It was just so nice making one stop and picking up all my pennies in bags. No breaking open rolls. I guess I should look at the bright side. I still have my dump banks with the self serve coin counters which are probably harder to find then supply banks. And I have about as much copper piled up as I want. So my copper sorting will probably slow up now and I will concentrate more now on increasing my silver pile.
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COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 07/30/2009 : 19:54:39
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That sucks. I guess it's time for you to go bank shopping again. At least you still have your dump banks. Good luck on your search.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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Publius
New Member
USA
20 Posts |
Posted - 07/30/2009 : 20:06:05
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| Probably one of my worst nightmares, that is really too bad. Hope you find another good source. |
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giddyup99
Penny Pincher Member
USA
154 Posts |
Posted - 07/30/2009 : 20:13:18
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| Just curious - What bank was this? |
Experience is what you get when you don't get what you want. |
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fb101
Administrator
USA
2856 Posts |
Posted - 07/30/2009 : 20:53:26
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Try to look at the bright side.
Not only do you have your old dump banks, you have a new one. |
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 07/30/2009 : 21:06:32
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quote:
Originally posted by fb101
Try to look at the bright side.
Not only do you have your old dump banks, you have a new one.
MWAHR HAH HAH HAR!  |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 07/30/2009 : 21:15:55
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| That sucks man. I have been thinking i was going to get cut off a times but the head teller told me i didnt have to worry about it. She said i could even bring her back the ones i dont want but i said i dont want to do that to her |
Inquiring minds want to know |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 07/30/2009 : 21:23:39
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| I think that we all at one time or another been cut-off from a bank. |
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cwgii
Penny Hoarding Member
USA
924 Posts |
Posted - 07/30/2009 : 21:36:20
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my boa, made three mistakes in my penny bags. cost me several hundred dollars that they said , they could do nothing about.
so boa, is doa with me.
on the other hand i just found a credit union that allows me to dump 100 , fee free each day. they now know my name and acct number . dont even ha ve to give them a slip. lolol.
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 07/31/2009 : 00:04:19
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| I'll probably take a little time off. I'll be busy with the harvest for the next 3 months anyway. I was getting a little burnt out so some time off probably won't hurt. After harvest when the snow starts flying and there isn't much else to do in North Dakota but sort pennies, I will have to find a new supply bank. |
COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
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barrytrot
Administrator
USA
721 Posts |
Posted - 07/31/2009 : 06:39:41
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NDFARMER:
Since you are a farmer then you are likely a GOOD bank customer with loans and larger than average deposits, etc.
You should have no problem pulling a little weight with the branch manager to get your problem solved.
That is assuming this is one of your banks that you have a loan and deposits with.
From reading other "I got cut off" stories it seems that if you are a good customer other than the "pennies" you can usually get back your privileges if you threaten (nicely) to move on to another bank and speak with the manager. |
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Copper Catcher
Administrator
USA
2092 Posts |
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jldco
Penny Pincher Member
USA
114 Posts |
Posted - 07/31/2009 : 08:22:17
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Three months is a long time in the life of any bank employee in relation to there duties. If you take the summer off, a lot can change. If you aren't already, you should be doing this under a farm or commercial account (as someone already said) because what you are doing would be well under the radar in a commercial account. A different name or variation of a name on a new account may be all it takes to throw the scent off of your trail for a while. The fact that you have a "friendly" teller, or branch manager means a lot. I've been in and out of banks as a salesman for 20 years. I have had many commercial accounts through the years and probably have at least five active commercial accounts in about that many banks. Everything is negotiable............ Everything. I have many great memories of harvest as a high school kid working for a custom harvester for three or four summers. Only made it to ND sneaking across the state line when a farmer had land in ND and SD.
If you like sorting pennies don't give up. (Except for the summer) |
Mark 8:36
www.pennybullion.com |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 07/31/2009 : 21:43:22
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| I think we are going to start to see more and more banks start pinching their pennies one everything. No pun intented :P |
Copper Penny Investing
www.portlandmint.com |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 07/31/2009 : 21:55:02
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All good things must end. BUMMER! Now you have to work for them like the rest of us here. There are many helpful hints in these pages about sourcing pennies, in case you have forgotten how. You get to enjoy the thrill of the hunt again!
If I could count the # of banks that have cut me off.. lol. This is why you have to maintain several source banks. Heck, in 3 months that bank will probably have a new name on the door and you can start all over.
Many banks are doing this. They are looking really closely at all costs and for any potential revenue sources. Even if you save them money, they might be looking at it from the standpoint that there is no profit in the transaction for them and it takes teller time to service the deal.
Now you have 1 more dump bank too.. even if you have to roll them up with your machine to deposit them.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 07/31/2009 : 21:58:52
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quote:
Originally posted by cwgii
my boa, made three mistakes in my penny bags. cost me several hundred dollars that they said , they could do nothing about.
so boa, is doa with me.
If you did not pre-count those bags, I'll bet they marked them "UDA" (undetermined amount)and checked the contents as "penny" instead of "mixed". When that happens they are weighed instead of counted. And since zincs are lighter than CU's... |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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A Sad Day
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