coin to cash machines

[moneill]

You could use the argument that getting anything for free or for a deal costs somebody something.....it is what it is. If we chose that way of thinking we would always say -- oh no let me pay full price for everything so nobody has to pay for me to get a good deal.

Forget that. If a bank offers free coin counting (they may find it saves on personnel and time to have the machine available to their customers to do their own stuff and count).....and the customers at the bank are happy with whatever fees they do or do not pay.....why should I complain about getting the service for free.

If the bank has to keep raising its fees to cover the cost of the machine....then guess what customers may or may not leave it's up to them.

If you like rolling the coins, enjoy. And if I don't want to roll, I won't....and if I can get it for free then I will.

[Techgeek]

I never said you should insist on paying full price so no one has to pay for your good deal. I said I wouldn't bank somewhere that offered a free service to non customers because, chances are, their customers are paying for it.

[iketain]

techgeek along your thinking my bank has free lollipops for kids next to the tellers. i find it outrageous that im subsidizing lollipops when i dont have any children.

smaller banks offer some type of service to get potential new clients in the door. i walked into the first republic bank and am now familiar with a new bank ive never heard of - but they have a fee of 6% on their coin machine

[Techgeek]

Originally Posted by iketain

techgeek along your thinking my bank has free lollipops for kids next to the tellers. i find it outrageous that im subsidizing lollipops when i dont have any children.

smaller banks offer some type of service to get potential new clients in the door. i walked into the first republic bank and am now familiar with a new bank ive never heard of - but they have a fee of 6% on their coin machine

Not even close. The cost of giving away lollipops to an occasional kid vs the cost of having a coin machine in the bank don't even compare. Besides, most of the time, the kids belong to another client of the bank so, chances are, their parents are paying for the suckers not you.

Most banks offer some kind of freebie to get new business but those ultimately generate customers and the fees associated with them. For example, you get a calendar when you open a checking account but you HAVE to open a checking account and deposit money in it to get the calendar and the money the bank earns from the account far eclipses the cost of the calendar.

[SDWILLY]

Originally Posted by Chromekitty

So you want convience but don't want to pay for it?

well we either pay banks directly for our checking accounts and/or services (or have enough money that the banks do well and profit off us) that it probably should be a free service. i used to go to the bank and do that when i was in my teens. now it seems like banks don't have machines on hand anymore. at least not for customers.

[Serenity2019]

Iketain: It is FREE at South Caroina Federal Credit Union if you are a member. I have gone in the branches several times with a can of coins and dumped them into the machine to recieve my cash at the counter with no charge. Forget rolling them man. You can get a big jar of coins and dump them and receive your cash for no fee. The difference is you must be a member of SCFCU.

[Iam4USC]

SAFE Federal Credit Union does not charge a fee for it's members for up to $400/month in coins. Actually, I think most credit unions have similar offerings.

[moneill]

I dealt with a bank In Georgia (for PTA stuff) that would refuse rolled coins. They wanted to put it in their machine themselves.