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AmalekiDad
Penny Pincher Member
142 Posts |
 Posted - 04/19/2010 : 20:03:02
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I went into my dump bank today with $4000 in halves and the teller said, "It now costs $5 a bag to deposit coins." Time to find a new dump bank.
If you care, I'm talking about Amegy bank in north Houston.
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Business Intelligence is NOT an oximoron |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 04/19/2010 : 20:33:54
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$4000 is a lot halves to dump at one bank branch. When I get the feeling I am overstepping my welcome, I try to limit my branch dumps to no more than 2 bags. I think the tellers start to get upset when they have to reload the counting machine, pull off the full bag, and put on a new bag 4 or more times. I dumped 5 bags worth at one branch and I was told that was too much. I think the tellers would rather see us more often than have us dump too much at one time.  |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 04/19/2010 : 20:51:08
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| I also believed that you might have pushed it a bit to far. |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 04/19/2010 : 20:58:24
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Yes-
Bad form- way too much for those gals.
I've been taking bags there (FM-2920), for 3 years $500 max, and never had a problem.
Thanks for screwing it up for the rest of us... |
Beer is my currency. |
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AmalekiDad
Penny Pincher Member
142 Posts |
Posted - 04/19/2010 : 22:10:27
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I was using the counter there. No more than $1000 at a time. Never asked the tellers to take my coins. A few months ago the branch manager told me that they would rather have me bring in pre counted bags and they would be happy to take them with out running them through the counter. At that time they told me I could bring in 10 bags at a time. I've been bringing in bags ever since. Today they tell me that it's their corp people telling them that they have to charge per bag.
You will be happy to know that they will still let us use the coing counter. $300 per MONTH limit.
BTW - they also told me that I was NOT the person that caused their change in policy nor war their branch the cause of the policy change. |
Business Intelligence is NOT an oximoron |
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ScottyTX
Penny Hoarding Member
USA
508 Posts |
Posted - 04/20/2010 : 02:09:29
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quote:
Originally posted by AmalekiDad
I was using the counter there. No more than $1000 at a time. Never asked the tellers to take my coins. A few months ago the branch manager told me that they would rather have me bring in pre counted bags and they would be happy to take them with out running them through the counter. At that time they told me I could bring in 10 bags at a time. I've been bringing in bags ever since. Today they tell me that it's their corp people telling them that they have to charge per bag.
You will be happy to know that they will still let us use the coing counter. $300 per MONTH limit.
BTW - they also told me that I was NOT the person that caused their change in policy nor war their branch the cause of the policy change.
Whew, had me shaking my head at first there. I know Tim and I both dump at Amegy bank and my first thought was ohh no he screwed it up  Good to hear it's still available to some extent.
Scott |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 04/20/2010 : 05:47:01
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Threads like this one and another current one are a great reason to accelerate your sorting (of course, I'm referring to copper) and accumulate as much as possible before they run out.... not out of copper cents... but out of source banks that don't charge as more and more hoarders get wind of this. I think we will run out of compliant banks/tellers long before we run out of coins  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/20/2010 : 06:24:01
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quote:
Originally posted by beauanderos
Threads like this one and another current one are a great reason to accelerate your sorting (of course, I'm referring to copper) and accumulate as much as possible before they run out.... not out of copper cents... but out of source banks that don't charge as more and more hoarders get wind of this. I think we will run out of compliant banks/tellers long before we run out of coins
I think you got that right. I'm not defending the bank's policy but even $1,000 in halves is a lot for most banks to handle since they seldom have any commercial demand for them other than us sorters. Though I can't see why they don't issue them out at least a little more. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 04/20/2010 : 07:04:49
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| I agree source banks are more of a problem to come up with than dump banks. I just got cut off from my main source bank yesterday. This is the bank that I have been doing business with for over 30 years. I have all my accounts with them. I don't understand there thinking. When I take bags of pennies off their hands I am actually saving them money. Oh well I was only going to keep my standing order going for a couple of more weeks anyway. For the rest of the summer I will be too busy at the lake and doing yard work and gardening. But next fall when winter sets in I will have to find a new source bank. I just don't understand why these banks refuse to order coins for us. If you want buy a gun you go to a gun shop, if want to buy a shirt you go to a clothing store, if you want to buy shoes you go to a shoe store. So if I want to buy coins I have to go to a bank. If they won't sell me coins where do I go to get them? |
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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AmalekiDad
Penny Pincher Member
142 Posts |
Posted - 04/20/2010 : 07:24:24
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| I was beginning to feel like you were ‘shooting the messenger.’ I just wanted to let you know of their change in policy. I didn’t want you to walk in and get hit with the $5 charge. |
Business Intelligence is NOT an oximoron |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 04/20/2010 : 07:52:08
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Not shooting the messenger.
I knew what was coming.
Those tellers, etc. didn't get that big on their own. They got fed a steady diet of candy and donuts by me.
That's a lot invested over the years. They tell me things and believe me, this is not a corp. policy, it is a branch decision. It is because of abuse by certain individuals.
NEVER OVERLOAD A DUMP BANK!
Use a little common sense and spread it out. |
Beer is my currency. |
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 04/20/2010 : 07:58:14
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| I have invested in a lot of candy and other goodies at my source bank as well. In fact yesterday they told me they were cutting me off AFTER I had already handed them a $6.00 bag of candy. |
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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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 04/20/2010 : 11:05:29
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You should really look into credit unions.
I found one downtown that will allow you to dump up to $100 free per day.
Anything over $100, you would pay 5%. |
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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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 04/20/2010 : 11:07:35
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Another thought since halves don't take up a ton of room, is why not spend them?
I have several of those old WAMU coin bags and use one for weekend yardsale change. People actually thought it was kind of cool to get a JFK half dollar coin. |
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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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/20/2010 : 15:33:33
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quote:
Originally posted by PennySaved
Another thought since halves don't take up a ton of room, is why not spend them?
I have several of those old WAMU coin bags and use one for weekend yardsale change. People actually thought it was kind of cool to get a JFK half dollar coin.
They are very spendable compared to nickels or pennies. Darn!, I was just at the bank today and forgot to ask for them. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 04/20/2010 : 16:12:08
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quote:
Originally posted by TXTim
believe me, this is not a corp. policy, it is a branch decision.
if it was corporate, the the fee amount would be in your terms and conditions. if you want to be a smart ass, tell them, "oh, really, that $5 charge is not in my account terms and conditions. when does it become effective - next statement? because of course the bank can't change account terms without giving customers reasonable notice." |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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AmalekiDad
Penny Pincher Member
142 Posts |
Posted - 04/20/2010 : 21:57:36
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| So, you are telling me that they set me up? "Don't use our free sorter, bring in bags, bring in lots of bags, . . ., now we are going to charge you for those bags!" |
Business Intelligence is NOT an oximoron |
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Scotto
New Member
USA
11 Posts |
Posted - 04/22/2010 : 18:34:27
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| I used a single kennedy half at my local grocery store just recently and the cashier who was about seventeen just stared at it turning it over several times to see what it was. I looked at her in amazement as she tried to figure out what it was. She had never seen one before! I looked at the guy who was bagging my groceries and he just shook his head in shame. Unbelievable!!!! |
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zerocd
Penny Hoarding Member
555 Posts |
Posted - 04/24/2010 : 13:12:50
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I dump 3K twice a week. I will hit three branches in the same part of town, about a mile apart and dump 1K at each. This gives me a chance to raid the magnets and my other tricks at more machines (up to two machines per branch) to get my Non-US and other booty and to check more tellers for chance stash. I also have a new routine as I have found quite a few bank staff willing to learn my speed dumping techniques and actually let me operate the machines in the bag changing mode and learn improved operation of the internal controls.
I watch closely whenever a serviceman is working on the machines and when I get an experienced staff with inventive minds.
I pass on the knowledge every chance I get and I believe the main branch is sending me rookies for a lesson.
So far, so good. I try and make it as painless as possible.
If I dump3K of halves at one branch, and have a rookie, that's 30 bag changes in one session. If I also have 3-4 hundred in nickels, it adds a bag change every hundred bucks.
The experienced staff will now use only six bags for 3K in halves (when I'm in a hurry) and my fast techniques have me out in no time.
0CD |
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apdigs8
Penny Sorter Member
29 Posts |
Posted - 04/28/2010 : 21:15:15
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| That sucks to have your bank of 30 years cut you off, I would be very tempted to take my business elsewhere. I understand not burning bridges is important, but no reason they should have a bunch of your money earning 0% interest if they won't let you dump there any more... Have you guys found banks in your area with coinstar-like do it yourself sorting machines? I have seen those in a few select banks in my area, and they definitely have some appeal... I don't mind doing the dumping myself if possible. |
"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 counsel nor 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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JWRAY
Penny Collector Member
USA
378 Posts |
Posted - 04/28/2010 : 21:26:36
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| Dump banks that work long term are few and far between. I split mine up. I also have my girlfried dump for me at two branches she uses. About two months ago I opened a new account at a totally different bank specifically for a new dump source that is right on my drive to work. I think I am already wearing their patience thin. |
MOVING SALE!!! Selling Copper Cents 1.4 shipped - in limited quantities PM me and we'll talk. |
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$5 to Dump Coins
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