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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
 Posted - 07/20/2006 : 14:23:33
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So I called Brinks today to see if I can buy $1000 lots (10 boxes) of nickels from them and have them delivered, because the bank wants to charge me $12/box "coin fee" to get 10 boxes.
No go.
Brinks will only do the delivery part, and will charge a delivery fee on top of the $12/box the bank charges. So, I'll just drive around to 10 banks and get 1box/bank with no coin fee.
"Coin fee" What utter bulluse the bathroom. What are all the fees I'm already paying on my bank account for, if there are additional fees to change the money to coin money? That's lame.
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realcent
Forum Admin
USA
246 Posts |
Posted - 07/20/2006 : 16:18:54
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That really stinks. There is no way I would pay a $12 'coin fee' for boxes of coins. So far, my bank has been pretty good with all my requests. They have no problem giving me a couple of boxes at a time as long as they have them, and I spoke to the manager once and she said if I want a larger order, or a box of half dollars, I just need to tell her and she will put it in with the regular coin order.
If they were charging a fee for more than one box at a time I would do what you said and get one from every bank in the area. Then you would only have to pay for gas, and if you tried to fit it in with other errands you could minimize that.
RealCent
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 07/20/2006 : 16:50:26
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| Seriously. They're always saying they have no boxes to sell me, so I asked at them to add 2 boxes/week to their order and I'd come in every week and buy those boxes. They said "sure, but $12/box coin fee." Total bulluse the bathroom. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/20/2006 : 18:44:41
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It sounds like "The Empire Strikes Back" to me. Just wait until they want to charge extra if you want to buy a whole roll.
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If you can conceive it, you can achieve it. -Napoleon Hill |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/20/2006 : 18:49:20
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On futher thought, what if you "exchange" box for box with them? After you sort, you exchange the rest for a fesh box.
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If you can conceive it, you can achieve it. -Napoleon Hill |
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ImperialFleet
Penny Pincher Member
USA
217 Posts |
Posted - 07/20/2006 : 19:30:00
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Hmmm, aren't they obligated to exchange money by law? Someone on here recently was talking about the bank charter obligating them to do it for free.
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“Ultimately, the Fed can flood the system by buying any kind of asset, or even dropping bank notes from helicopters" -Fed Chairman Ben Bernanke |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 07/20/2006 : 20:28:53
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| Well, the law allows them to charge a reasonable fee for any of the services they think people will pay a service fee for. They are required to provide coin in exchange for currency, but not to do it for free, just are they are required to hold cash for anyone legally able to oppen an account, but not required to do so without a monthly fee. The agreement we worked out was that I'd buy a box, bring them the rejects and exchange for a new box, but the very first time I came back they said "sorry, we don't have another box to give" and since then "we don't have any boxes to spare - they're for our business customers only, and ordering them requires the fee." So I've just been getting boxes at the other bank where I have a business account, but this is starting to really upset me to the point of seeing yellow me off - I'm a customer, for gosh sakes- I'm ALWAYS right! |
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ImperialFleet
Penny Pincher Member
USA
217 Posts |
Posted - 07/20/2006 : 21:48:11
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Hope there are other banks for you to chose from 
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“Ultimately, the Fed can flood the system by buying any kind of asset, or even dropping bank notes from helicopters" -Fed Chairman Ben Bernanke |
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n/a
deleted
143 Posts |
Posted - 07/21/2006 : 03:34:23
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i think it could be a good thing for us hoarders in the long run, because if significant amount of hoarders go in the same bank as we are, and ask for 10 boxes at a time, the bank would know what's going on behind these kind of abnormal coin-aquisition activity, and the bank would find a way to make money out of it;
i always try to buy those rolls or boxes with cash, so that it would not be registered in the bank record;
i went to this royal bank in downtown vancouver regularly in the last month to get boxes of nickel, one at a time, the central teller already recognized me, and told the teller who served me that i could have phoned in before hand, so they can order the box for me before hand; they said they only have 2 boxes of nickel each day to give out for their customers; ok, i accept that as an explanation, and i am still ok with that because it is still a free service; the teller asked me why i need so much nickels, i lied to him that i need a lot of coins to build a project(of course, i haven't told him the project is related to wealth enrichment, and preservation); i know i don't need to tell him why i need those coins, but i just try my best to act cooperative to maintain a long term friendly relationship
also, i am paranoid that if i exchange my rejected coins for a new box with the same bank, i might end up with my previously searched coins, so i return my searched coins to a different bank; someone please tell me my worries are unjustified, thank you |
Edited by - n/a on 07/21/2006 03:42:09 |
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n/a
deleted
56 Posts |
Posted - 07/21/2006 : 11:15:26
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Returning your coins to a different bank is a good policy. That's what I do currently. I'll go to a different bank or branch of my bank for fresh coin though.
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brinks=no go
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