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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
 Posted - 08/30/2006 : 18:32:54
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today, I dropped off $350 in steel nickels to my Scotia Bank branch, and the teller told me that from now on they weould charge me a fee if I dropped off my nickels there, because they were having to pay extra to ship them all back to Brinks. This is the same bank that tried to charge me a fee to get boxes of nickels. Next time I bring in coin, if they try to charge a fee for it, I will close my account and switch to another bank. Anyone else have banks complaining about the coins yr returning?
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81 Posts |
Posted - 08/30/2006 : 21:58:34
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banks will do anything they can to make more money off of you. have an account? charge a fee. use the ATM? charge a fee. want coins? charge a fee. bringing in coins? charge a fee. breath wrong and they charge a fee with heavy interest compounded daily.
i DESPISE banks. i cant stand them. the banks i deal with dont give me a hassle about turning in rolled coins BUT...im not bringing them in by the pallet load. try a few rolls at a time. sure this is more time consuming or simply not as convenient but what are they gonna do? they dont charge everyone who comes in with a few rolls. have your friends drop some off too. whatever it takes to work around the obstacles they throw at you.
or take your business elsewhere and let them know it. you dont need that nonsense. |
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103 Posts |
Posted - 08/30/2006 : 22:17:58
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Right, $350 is a load friend. Nickels are the least in demand at banks of all coins except for the dollar or half dollar coins. But why would they have to ship them back to Brinks? Can't a bank float that much?
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 08/30/2006 : 23:12:07
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| I figure if I can carry it in myself in one box it's not unreasonable to be able to expect to have it cashed. It's not my fault they staff banks almost exclusively with weaklings. I also figure that since businesses can refuse to accept large ammounts of coin as legal tender, than banks must be willing to accept it, otherwise how can it be defined as such? I don't have time to play games with my money, taking a few rolls now and then. I'm a responsible self-relient individual making what little capital I have work for me in the way best dictated by the dynamics of the market available to me. |
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56 Posts |
Posted - 08/31/2006 : 00:22:59
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I'd tell them to kiss my rebel ass and that I'd like to close my account.
I don't take lip smack from no money monkeys.
HA HA HA!
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143 Posts |
Posted - 08/31/2006 : 03:57:06
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is it constitutional that we are refused to make deposits with large amount of coins?
and what's the fee they will charge per roll? i can live with 5 cents per roll, but i doubt it would be that low |
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132 Posts |
Posted - 08/31/2006 : 08:48:16
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I posted a little about this on another topic but it seems to fit this one better.
I have searched cent rolls for about a year now and I started out with small amounts 5.00 here 10.00 there.
Now all of us has felt the pinch at the gas pumps this year and because of that I increased the amount rolls I picked up to 25.00 or more and thus decreased the amount of trips to the bank.
On a couple of my trips to the bank they start asking "what do you do with all those pennies".
So with answers already prepared. I say I'm a collecter I look for wheat,error,canadian and other better date coins.I also add that an old guy put a couple of key date coins worth several hundred dollars in circulation just for fun. LOL the look on there face is priceless.
I have also been told that they have several people that come in and buy pennies ( OH NO DONT SAY SUCH THINGS ! )
I bet with more and more people obtaining the cents the banks must feel that there missing out on something thus the reason for the charges. This is wrong the banks are there for our financial needs not to pick-pocket us. Thieves I say dirty rotten thieves.......
Anyway......it goes like this more than 10 rolls of a single denom they charge .10 per roll for every roll over 10 and not wanting to pay the charge i'm limited to 5.00 for cents and 20.00 in nickels. No charge for the return unless it unrolled and then its .10 for every roll they roll.
I know a couple of the tellers and they overlook the charge so I try to do large pickups on days they work and in a small way I get pleasure from knowing " I'm sticking it to the man " so to speak.
Sorry so long just a rant that I had to get off my chest....... |
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Metalophile
Penny Collector Member
USA
320 Posts |
Posted - 08/31/2006 : 12:43:56
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quote:
Originally posted by pre-82
. . . This is wrong the banks are there for our financial needs not to pick-pocket us. Thieves I say dirty rotten thieves.......
Not that I disagree totally with your rant about banks coming up with a multitude of silly fees, but the banks aren't there "for our financial needs". Banks aren's some sort of charity. At the end of the day (or quarter) they have to show a profit to their owners or stock holders, or they will cease to exist. I don't think the bankers who charge these fees recognize how much business they will lose because of the fees.
Try going to a bank near a lot of small businesses. They will be more accustomed to exchaning large amounts of coin, and less likely to charge for fear of losing business accounts.
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/31/2006 : 16:30:31
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quote:
Originally posted by Canadian_Nickle
today, I dropped off $350 in steel nickels to my Scotia Bank branch, and the teller told me that from now on they weould charge me a fee if I dropped off my nickels there, because they were having to pay extra to ship them all back to Brinks.
I seems that they are singling you out if they don't have that posted. I don't know about Canada, but U.S. banks hold charters and if that is what they are doing it may be illegal.
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1 Posts |
Posted - 08/31/2006 : 18:34:27
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quote:
Originally posted by Canadian_Nickle
today, I dropped off $350 in steel nickels to my Scotia Bank branch, and the teller told me that from now on they weould charge me a fee if I dropped off my nickels there, because they were having to pay extra to ship them all back to Brinks.
the bank isn't lying to you, they do have to pay extra for a special pick-up from brinks. i know it doesn't make sense, but the vaults most bank branches use to store coin are generally small and are usually full with boxes and rolls of coin that are intended for their business clients to purchase, like the local variety store. so, when they get extra coin boxes brought in, they sometimes will have to arrange a 'special' pick-up, which brinks will charge almost double for, as it isn't scheduled. all canadian banks are like this, so leaving scotia for say cibc, won't make much of a difference.
perhaps you could try just spreading out how you bring it in. 40 dollars here, 60 dollars there. that may spare you the bank charges. |
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132 Posts |
Posted - 09/01/2006 : 10:48:31
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quote:
but the banks aren't there "for our financial needs". Banks aren's some sort of charity.
Charity is not what I mean "financial needs" as in I "need" to cash my paycheck or I "need" to deposit cash in my savings account or I "need" to purchase a few more bonds so'on and so'forth.
Its obvious that banks need to make a profit BUT they dont need to nickel and dime us to death for every little thing we or I use the bank for.
quote:
Try going to a bank near a lot of small businesses
I live in a small town with 4 or 5 other small towns near me all with small businesses its not about that.....Its about the money grubbing banks that try to suck the very life out of people.
We dont have alot of choices for banks in the area that I live.That I would have to say is the reason that we get charged for everything and we have to accept it or do without a bank.
A couple of examples....
To start an account for debit card you must have 400.00 and you cant go below 200.00 or your charged a fee and you cant spend more than 200.00 a week or your charged a fee.Oh and they have a fee of 25.00 for starting the account.Lose your card and its a 10.00 fee.
Counter checks 1.00
Duplicate deposit tickets 3.00
Certified checks 5.00
Cashier's checks 3.00
Money orders 2.00
Traveler's checks 1.00 per 100.00
Unpaid checks 3.00
Check cashing 2.00
Overdraft 15.00 over 2,500.00 18.00
Insufficient funds 15.00 over 2,500.00 18.00
Statement printout 3.00
Account inquiry 1.00
Account research 15.00 per hour
Account balancing assistance 15.00 per hour
Telephone transfer 3.00
Stop payment 15.00
Photocopies 1.00
and it goes on and on I listed only half of the paper that has fees stated on it and thats old as hell and im afraid if I ask for a new one I'LL BE CHARGED A FEE !!!!!!!!!!!!!
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146 Posts |
Posted - 09/01/2006 : 12:15:17
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quote:
Originally posted by ballcopper
is it constitutional that we are refused to make deposits with large amount of coins?
Umm, banks are private institutions. Heavily regulated like all other private institutions, but still private institutions. "Constitutional" usually applies to governmental institutions and laws. |
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13 Posts |
Posted - 09/01/2006 : 14:34:53
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Heck, even government institutions thumb their noses at the Constitution, or at least do their best to work around it most of the time.
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The revolution will not be televised... |
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146 Posts |
 Posted - 09/01/2006 : 14:42:27
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quote:
Originally posted by boomhauer
Heck, even government institutions thumb their noses at the Constitution, or at least do their best to work around it most of the time.
True. |
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Banks charging to take coin.
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