Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Like most people every day I come home, I empty my pockets and I throw my loose change into a container and when that container fills up I take it in to my local Chase to deposit. It usually comes out to $150 or so. This last time that I went they told me that they do not have the coin counting machines anymore and I would have to roll all the coins to be able to deposit them. Now, I've done this many times before and there was never any issue about it. So this policy change smacks me as a bit narrow minded on their part. I even asked the teller don't you have to still verify that the rolled coins are actually money and he admitted that they have some sort of machine that verifies the coins.
Since change/coins are legal US currency aren't they obligated to take it, even if I bring a whole bucket full? I realize this is a bit of a minor issue but it just seems that banks handle money and yet they're telling me they can't handle it unless they get it a certain way. Maybe I'll put a little bow on each roll to make them happy.
I've never had a problem with chase accepting my change but I do roll it myself. It doesn't take hardly any time at all
Well it takes time when you go to the bank to find out they won't take it, pick up the rolls, take them home, roll them up and go back to deposit them.
The default is 10.9%.. that is pretty hefty.. You take in $100 in coins, you 'lose' $11 to them and get $89. It's not horrible, but it's not good, either.
You can find them in some places that have a lower percentage, because the store subsidizes it a bit. I think Walmart and some others are less than the 10.9%
But.. If you elect to have the money placed onto a gift card.. You keep 100%
So.. Take your $200 in change, dump it in the machine, and elect for an Amazon gift card.. that's not bad at all. Especially if you're already a Prime member and get free shipping.
Yes, you have the whole "Then I have to spend the money with Amazon".. Yeah.. But what can't you get, normally cheaper, from Amazon anyway? So, to me at least, not that big a deal.
The default is 10.9%.. that is pretty hefty.. You take in $100 in coins, you 'lose' $11 to them and get $89. It's not horrible, but it's not good, either.
You can find them in some places that have a lower percentage, because the store subsidizes it a bit. I think Walmart and some others are less than the 10.9%
But.. If you elect to have the money placed onto a gift card.. You keep 100%
So.. Take your $200 in change, dump it in the machine, and elect for an Amazon gift card.. that's not bad at all. Especially if you're already a Prime member and get free shipping.
Yes, you have the whole "Then I have to spend the money with Amazon".. Yeah.. But what can't you get, normally cheaper, from Amazon anyway? So, to me at least, not that big a deal.
Losing 9-10% is horrible no matter how you slice it
They charge 9.9% unless you get gift cards instead of cash
It's 10.9% now. Looks like it went up in October.. though, again, yes.. You can find some locations that have a lower percentage. I imagine some that might charge a higher one..
Quote:
If you decide to turn your coins in for cash, there is a 10.9% coin processing fee. Fees may vary by location.
I just went to my local credit union the other day where I bank. They have a coin machine in the lobby. I dumped my coins in, it counted them, popped out a receipt, then I took the receipt to the window and got nearly 25 bucks cash back with no fee. I don't think you have to be a member to use it. They didn't ask me if I was a member or anything at all for that matter.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
