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deleted
14 Posts |
 Posted - 06/06/2008 : 16:34:43
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I've moved my mining operations to the Baltimore area for the summer. I went to my local Wachovia, where I have 3 different business accounts, and was informed by the vault teller that from now on they will be charging for penny orders after she inquired about whether I would be getting pennies every week. I told her "Yes" and then she informed me of the future charges.
I HAVE ONLY ASKED FOR $50 DOLLARS WORTH, PER WEEK, AT MOST OVER THE LAST 3 WEEKS.
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 06/06/2008 : 16:45:59
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| I'm in chicago today and I saw a bilboard advertising for credit unions vs banks. It was advertising for all credit unions against the banks. |
"99% of all lawyers give the rest of them a bad name" 
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n/a
deleted
14 Posts |
Posted - 06/06/2008 : 17:00:13
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| Are credit unions more friendly to penny orders? |
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 06/06/2008 : 17:26:22
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| I am beginning to wonder if most banks are user-friendly to anything where the customer actually can get something out of having an account a bank. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/06/2008 : 18:52:17
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| If you are just looking for $50 a week, you should be able to get that fee free walking into a 2-5 banks and trading for paper streight across. I think she is just trying to blow you off. Offer to just buy her excess pennies every week - she can save on shipping them out. |
“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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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/06/2008 : 18:59:57
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Try the Wachovia down the street. It is probably a branch by branch thing. I don't even have an account at Wachovia. They try to get me to open one there every time I do a drive buy, but now I have a good reason not to bank there. CU's are not usually as friendly as banks on penny orders. They don't need as much coin shipped in so they tend to not have huge standing contracts for coin shipment and must therefor pay to have pennies shipped in. They are fine for getting the pennies that customers deposit but usually don't want to order in large quantities of coin for you. I agree with legacy.. a couple of boxes a week is no problem to get just doing drive buys at banks you don't even have accounts with. I am surprised they wouldn't order for you considering you have business accounts there. I always take advantage of where my company has business accounts. Kind of hard for them to tell you no when you ask for a couple of boxes of pennies right after you depost a quarter million dollars into their bank.  |
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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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 06/06/2008 : 19:24:40
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NYUrbanMiner asks - Are credit unions more friendly to penny orders?
Every Credit Union I have dealt with is very friendly to penny orders and many offer free counting machines. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 06/06/2008 : 19:48:22
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quote:
Originally posted by HoardCopperByTheTon
Kind of hard for them to tell you no when you ask for a couple of boxes of pennies right after you depost a quarter million dollars into their bank.
Don't you think that your zinc deposits are getting a little out of hand?  |
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Think positive. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/06/2008 : 19:50:27
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| Hey.. I am just a poor boy. I can't afford to hold onto all my zinc like some of you rich fellas. |
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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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 06/06/2008 : 20:16:07
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| NYU, I would just ask to talk to the President or Manager of the branch you do business with and tell them you will be moving your accounts down the street where they have no problem ordering all the pennies you want. There is a bank on every corner. As long as the bank gets a weekly coin order so that the truck does not have to make a special stop it does not cost them anything to order you 3 or 4 boxes. Just a little extra work for the tellers. |
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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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 06/06/2008 : 20:22:11
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| You should also tell them you will pick them up on the day that the Brinks truck delivers. If they don't have room in their vault for the pennies it can be a problem for the banks. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 06/06/2008 : 20:34:51
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| tourney is right. my bank doesn't have vault room for my orders but they are happy as long as I pick them up on the right day |
"99% of all lawyers give the rest of them a bad name"
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/06/2008 : 20:51:55
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quote:
Originally posted by Ardent Listener
quote:
Originally posted by HoardCopperByTheTon
Kind of hard for them to tell you no when you ask for a couple of boxes of pennies right after you depost a quarter million dollars into their bank.
Don't you think that your zinc deposits are getting a little out of hand?
How did I miss this? I read his post and everything! |
“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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n/a
deleted
14 Posts |
Posted - 06/06/2008 : 22:11:41
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I agree with the comment that she was probably trying to blow me off...not realizing that the collective business accounts give them a six figure deposit cushion for their 'reserves'. It surprises me how idiotic lower level employees can be just because they don't have the arm muscle to carry 30 pounds. I could have caused a stir at the moment but decided that Friday at 4pm is just not a good time to go kicking and screaming about this type of thing.
Luckily, I looked up banks in my immediate vicinity and have found several dozen within 10 mile radius. Not as good as NY where I could get off the subway and do a very quick 2 minute walk-by, but I think I'll be getting my fix next week.
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 06/06/2008 : 22:42:09
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quote:
Originally posted by HoardCopperByTheTon
Hey.. I am just a poor boy. I can't afford to hold onto all my zinc like some of you rich fellas.
Of course I can see where ardent is coming when he hoards unsearched boxes. |
"99% of all lawyers give the rest of them a bad name"
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Nickelless
Administrator
USA
5580 Posts |
Posted - 06/06/2008 : 23:03:47
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| I just made my first major penny run today, picking up at total of $900 at about 10 different branches of three banks. One of the Fifth Third branches told me there would be a $5 charge for four boxes of pennies. I didn't complain but I've made a mental note not to go back to that branch. I had no trouble at the other branches in town--one of which had my first standing weekly $400 order that I picked up today. Maybe I should've told the miserly branch that, but I figured then they'd say I had enough pennies already. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 06/07/2008 : 00:45:12
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| my local fifth third branches have all been very helpful and grateful to sell me pennies. I order from a local 5/3 every week. |
"99% of all lawyers give the rest of them a bad name"
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Epaphras
Penny Collector Member
USA
382 Posts |
Posted - 06/07/2008 : 17:34:28
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| It is probably because you do have business accounts. I have a penny account at Wachovia and before i opened to account i asked if there was a charge for a penny shipment. He said not for personal account holders, but for business accounts, yes. I have not gotten a large number of boxes from there yet, but all but once they have been compliant. |
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longhorn
Penny Sorter Member
80 Posts |
Posted - 06/07/2008 : 18:09:36
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| NYU Friday at 4pm might not be the best time to collect pennies. I find the tellers I deal with are very helpful most of the time. But, when they are very busy, you can tell they become irritated with my penny buys. Some banks require two tellers to go in whenever someone has to go in the vault, and that makes it even more difficult to make penny buys when they are busy. |
Obey Gresham's Law |
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 06/07/2008 : 18:59:36
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Just picked up $900 from my main Regions bank yesterday, no problems.
8 of the boxes weighed 14.2 lbs, and two even weighed a miserly 13.8 lbs, which is what I calculate a box of pure zinc would weigh. The other 28 are all 14.8 lbs, which is what I consider average. Not a single 15 lb box though.
I'm wondering if the 14.2 lb boxes, even though they show all shiny new pennies at the ends of the roll through the hole in the box, actually have some copper mixed in with them. I've thought in the past the 14.2 lb boxes were pure zinc, but if I'm getting two at 13.8 then evidently they aren't.
I'll save one of the 13.8 lb boxes but |
Sorting In Northwest Mississippi |
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tadpole
Penny Sorter Member
63 Posts |
Posted - 06/07/2008 : 19:30:09
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| I have a couple of customers looking for 2008 pennies D&P and 2008 P nickels in case anyone comes across a few boxes. |
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mooski
Penny Sorter Member
USA
61 Posts |
Posted - 06/09/2008 : 05:47:22
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The only bank I've ever been turned down because I didn't have an account is Key Bank. I'm tempted to open up an account with them just so I can deposit pennies there for their 'real' customers that 'need' them.
One bank flat out told me that I didn't need to have an account to get a box of pennies from them.
I've given up on getting pennies from Washington Mutual. They don't get much commercial traffic, plus they open their boxes up and put the pennies in the tray holders.
A couple times, I have stuffed my coat pockets with rolls of pennies. Turns out I can fit 15 rolls into each pocket! :)
-M |
Sorting and hoarding in Seattle, WA |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 06/09/2008 : 11:45:40
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quote:
Originally posted by mooski
I've given up on getting pennies from Washington Mutual. They don't get much commercial traffic, plus they open their boxes up and put the pennies in the tray holders.
A couple times, I have stuffed my coat pockets with rolls of pennies. Turns out I can fit 15 rolls into each pocket! :)
-M
When doing drivebys I take along some cloth shopping bags. They discretely fit in a pocket, and they can hold a lot of coin safely. Some use a trolly but in my experiance that is not required for 95% of drivebys. Now for a large regular order yes - but my cu has thier own trolly to wheel the coin out on. |
“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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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/09/2008 : 12:40:04
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| I only use the cart for large preorders. For drive buys I use 1 or 2 of those cloth shopping bags with handles. Each one of those comfortably holds 3 boxes of pennies. You rarely get more than 2 boxes of pennies on a typical drive buy. |
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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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 06/09/2008 : 18:22:38
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quote:
Originally posted by NYUrbanMiner
I've moved my mining operations to the Baltimore area for the summer. I went to my local Wachovia, where I have 3 different business accounts, and was informed by the vault teller that from now on they will be charging for penny orders after she inquired about whether I would be getting pennies every week. I told her "Yes" and then she informed me of the future charges.
I HAVE ONLY ASKED FOR $50 DOLLARS WORTH, PER WEEK, AT MOST OVER THE LAST 3 WEEKS.
That sounds bad. 3 business accounts with them and they want to charge for pennies? That vault teller is obviously not in charge of customer relations. A quick talk with THE manager of that branch might resolve your problem fairly quickly.
At my primary bank where I have several accounts, the teller manager and THE manager know me by name. They greet me when I walk in, "Hello, Mr. [TenBears]. What may we do for you today?" I only received a little flack from a teller once regarding an order for a box of half dollars. A little talk with the manager, and that teller now knows me by name and gives me nothing but "Yes, sirs" and great customer service.
Your bank is holding YOUR money, and it makes money off of holding YOUR money. You can take YOUR money elsewhere if they don't give you good service. You are the bank's client, not the other way around.
Perhaps I am old-fashioned, but I expect good and courteous customer service from my bank's personnel.
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"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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Wachovia Charging for Penny orders
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