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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
 Posted - 12/07/2009 : 12:42:54
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I guess by this time I should not be suprised that each teller at the banks (even at the same branch) has a different way of handling coin turn ins.
Today, I was asked for my driver's license and bank card. Then my bank account # was written down on a piece of paper and that piece of paper was placed with the nickels. This same branch I have had tellers just hand me the money without asking for my card or my ID. I have had some banks ask for my bank card but they never wrote down my account #.
Is that normal? Do they do that so that if the nickels are short 50 cents or something then they deduct that from your account?
Just curious, I didn't have the energy to ask her. I have had so much frustration with my experiences with tellers lately (had a Chase teller change my balance slip to $350 when it was suppose to be $390 like I had told him. I had to argue with him for 5 minutes before he realized he was doing his math wrong).
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SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 12/07/2009 : 16:25:02
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Sometimes I get asked to write my phone number on the rolls, when I refuse to write my account number on them.
On an out of town (to me) BofA in Oregon, I was asked to break the rolls into a bag so they could use their behind the scenes counter.
Their machine count was the same as mine. |
There's profit if you melt things!!
8{> |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 12/07/2009 : 16:34:04
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At least they are accepting your returns. One bank i frequented (used to use) 1 teller would be quick to receive my coins, the other would ask for my bank #, or soc and since i'm not a member, I would be refused to return coin.
Now i just don't go there :( it was next to work.... So convenient...alas. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 12/07/2009 : 16:51:31
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| Well I guess I am asking why they wrote down my account # and put it with the rolls. Is it because if they are off they are going to deduct a nickel from my account? Kind of takes away control of your money and account if they are able to do that without you being able to dispute it. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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chris6084
Penny Collector Member
303 Posts |
Posted - 12/07/2009 : 18:44:37
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| I have had tellers write my account number down when I turn in coins. I have NEVER had an adjustment made to my account after turning in coins, even back in the day when you had to write your account number on each roll. I do not know why tellers would want to write down your account number. I guess they figure they will deduct you if the rolls are short, but really, what is the probability that somebody would complain to the bank, and demand that 5 cent credit? Even if they did, there is no proof that the roll was short, so the bank really should not deduct you because a customer claimed the roll was short. |
Edited by - chris6084 on 12/07/2009 18:47:47 |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 12/07/2009 : 20:19:17
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I did open one brick and took out three rolls and found coins from the UK, Canada, Australia and Cuba............WHAT THE FK?..........and that was only in three rolls.
PS: It was scary as hell to find one from Cuba........oh yeah and two tokens for a whorehouse in Nevada. |
"If you don't hold it, you don't own it"...Ponce |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 12/07/2009 : 20:40:02
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| I believe the addition of account numbers is more a way of discouraging coin deposits and the allusion of accountability for the customer. If you filled the rolls with washers would you put your account # on them? If you bring in paper money they certainly do not put your account number on the bills. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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Mike
Penny Sorter Member
USA
65 Posts |
Posted - 12/08/2009 : 12:04:22
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Its not unusual for me to be given customer wrapped rolls with names and numbers on them, from several different banks.
Oddly enough, whenever I dump zinc at the B of A, they refuse to take wrapped rolls. They insist on putting coins loose in heavy duty plastic bags. So I wonder how the B of A gets the customer wrapped rolls I sometimes get from them? |
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ScottyTX
Penny Hoarding Member
USA
508 Posts |
Posted - 12/08/2009 : 12:14:17
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quote:
Originally posted by Ponce
........oh yeah and two tokens for a whorehouse in Nevada.
Humm very interesting. Any idea what 1 token will get you? Might be worth more than a nickel  .
Scotty |
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hobo finds
Penny Hoarding Member
838 Posts |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 12/09/2009 : 16:25:34
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quote:
Originally posted by Mike
Its not unusual for me to be given customer wrapped rolls with names and numbers on them, from several different banks.
Oddly enough, whenever I dump zinc at the B of A, they refuse to take wrapped rolls. They insist on putting coins loose in heavy duty plastic bags. So I wonder how the B of A gets the customer wrapped rolls I sometimes get from them?
That's funny, The BoA i used to frequent only will accept rolled returns now... Perhaps it's due to my excessive about of bagged zincs  |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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george454
Penny Pincher Member
242 Posts |
Posted - 12/10/2009 : 07:17:03
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| My dump bank will only take CWR's with the account on them, kind of a pain in the @**, but it works for me they love my dumps and have never deducted from my account or given me any flack. I live in a very small town so banking is limited to just a few banks, however we do have a B of A that has given me nothing but trouble every time I set foot in there even if I only want a couple rolls. I was even denied 50 cent pieces by one teller that the guy in front of me handed in. After that I swore them off however I still find myself back in there lobby every few weeks or so and always leave with a bitter taste in my mouth. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 12/10/2009 : 09:49:54
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Ah, so JobIII is the one we should blame for BofA switching to rolled only. Did the teller tell you or did they say "the bank manager wants to talk to you?"
Banks seem to switch back and forth on what they want. The sometimes require loose in bags because that way they don't get washer rolls. They require rolls because they don't have a coin counter on site. They require bags because they don't want to break them out of the rolls to ship them. The account # on the rolls is both to discourage turning in coin and to have a little tracking if you were one of those folks that put a coin on each end and washers in the middle. They don't usually worry about you being a coin short now and then. Whey they get burned on bad rolls, they suddenly start changing the rules. At one of my Chase banks they require that the coins be rolled for deposit. Then they break them into bags for shipment. They want them rolled first so they can count them when putting in bags. I have offered to give them the coins precounted loose in bags with my name and account # on them for accountability, but they refuse to do this. So I roll them up with the automatic rolling machines and deposit them. If they want your account # on the rolls you can preprint stickers on your computer to apply to the rolls.
Watch out for banks that switch to rolled only, then want to charge you 10 cents a roll for depositing rolled coin. |
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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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 12/10/2009 : 09:58:21
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| how much does a decent used rolling machine go for these days? |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 12/10/2009 : 15:40:42
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well HCBTT, I'm not sure i was the sole culprit for converting BoA, but the bank i'm talking about had the main teller leave and the new one immediately put a stop to ordering coin for me. Then put a stop to taking my bagged returns. They don't charge me for returning rolled coins, and i do get the money as soon as i deposit the returns. But i'm down a pretty nice location for collecting weekly penny boxes. So now i only return halves to this location, since the pennies take far to long to roll by hand.
Lemon, i believe used rolling machines sell for at least 2k. But that's from posts in the past. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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EZ_Money
Penny Pincher Member
USA
125 Posts |
Posted - 12/10/2009 : 21:06:36
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| The tellers at all the BOA near me prefer the loose coin bags. They say it is less "work" for them since all they really have to do is write your acct. # on the bag, log it to go out and set it to be picked up. |
Running total:
Halves searched:$14,445.50
90% found: 122
40% found: 481
Dimes Searched $2100
Found: 5 |
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misteroman
Administrator
USA
2565 Posts |
Posted - 12/11/2009 : 08:39:01
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| if they ask you to put your SS # on there just put it down! Doesn't mean all the #'s have to be correct!!!! |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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vrbsroma
Penny Collector Member
394 Posts |
Posted - 12/11/2009 : 09:24:26
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| I've never had an "adjustment" to my count. I, too, have had various experiences between banks/tellers, even at the same bank or CU. It's really mind boggling that there's no written process on the books for banks to follow. One would assume the process for accepting coin would be well-documented. I'm sure they like to have flexibility to reject deposits on a whim. Any excuse will do. |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 01/17/2010 : 12:23:34
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Lemon.. Decent used rolling machines run about $1200. New, they start at $7100.
I find myself turning in more bagged coin than rolls lately. My counting machines are even faster than the rolling machines.. and the bags are free from the bank. I still return them both ways though.. to spread the dumps around. Otherwise they would probably just cut me off. |
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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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 01/17/2010 : 14:09:26
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quote:
Originally posted by PennySaved
I guess by this time I should not be suprised that each teller at the banks (even at the same branch) has a different way of handling coin turn ins.
Today, I was asked for my driver's license and bank card. Then my bank account # was written down on a piece of paper and that piece of paper was placed with the nickels. This same branch I have had tellers just hand me the money without asking for my card or my ID. I have had some banks ask for my bank card but they never wrote down my account #.
Is that normal? Do they do that so that if the nickels are short 50 cents or something then they deduct that from your account?
Just curious, I didn't have the energy to ask her. I have had so much frustration with my experiences with tellers lately (had a Chase teller change my balance slip to $350 when it was suppose to be $390 like I had told him. I had to argue with him for 5 minutes before he realized he was doing his math wrong).
I always get CASH back when I dump my coins. I bring canvas bags into my dump branch bank containing un-rolled loose coins and I have them counted when I am there via their counting machine. Certain bank branches of my dump bank ask for identification. Sometimes it's just my account number, sometimes they ask for my SSN too. From what I gather, they have been told by their bank manager to be on the lookout for money laundering. I dump $3000 in halves when I go to a dump branch; sometimes they ask for id and sometimes they don't. I think it depends on whether the teller knows you. |
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– Theodore Roosevelt
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Edited by - Country on 01/17/2010 14:16:14 |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/17/2010 : 17:25:00
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| My bank wants the return coins to be loose and I can live with that. |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/18/2010 : 09:59:02
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| I'm jealous that you can return loose coin!! Also Country that's awesome returning $3000 in halves to one bank at one time. I'm certain if i did this the head teller would have kittens and i'd be turned away. As it is, i'm dropping my halves at a couple banks, though now i'm planning it to my benefit i hope. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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Turning in Nickels at B of A
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