Chase stopping all ordering of coins?

[xxmrrightxx]

Hi everyone,

I went to my main pick up back on Monday to pick up my usual boxes and on my way out the branch manager stopped me to tell me they aren't ordering coins anymore. She went on to explain that all Chase banks will stop ordering coins for non business customers and will be charging the business customers for any coin orders. She also said that with all of people ordering coins, the bank is losing money and that's why they will be stopping all ordering of coins. They wouldn't order any even if I wanted to pay the fee. FYI - The tellers/manager are nice to me and I always pick up on time so I don't believe it's a personal thing, she even said it wasn't lol
First Chase removes the coin machines, now this!


Anyways, have any of you heard about this?

 

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[FormerTeller]

My guess is that it's only local, or possibly regional, not that it helps you any, and most likely aims to discourage CRH's only. I guarantee you they'll still be ordering for businesses, but then businesses don't order halves. How many boxes were you ordering each week?

Either way, far better to get cut off from your pick up bank than your dump bank. Even if they won't order boxes, CWR's should still be available, and I suspect you'll be able to find another Bank or branch that will order boxes for you.

Good luck!

 

[kingskid1611]

I don't see how this would be costing them money? Do they really think that the commercial customers will stick with them if they have to pay to exchange cash for coin for business? From the business end I would look for another bank if this was the case.

 

[CW3(ret) US Army]

Hi everyone,

I went to my main pick up back on Monday to pick up my usual boxes and on my way out the branch manager stopped me to tell me they aren't ordering coins anymore. She went on to explain that all Chase banks will stop ordering coins for non business customers and will be charging the business customers for any coin orders. She also said that with all of people ordering coins, the bank is losing money and that's why they will be stopping all ordering of coins. They wouldn't order any even if I wanted to pay the fee. FYI - The tellers/manager are nice to me and I always pick up on time so I don't believe it's a personal thing, she even said it wasn't lol
First Chase removes the coin machines, now this!


Anyways, have any of you heard about this?

As former teller said, it might be something local or regional. The other possibility is the manager didn't want to be bothered ordering the halves for you. Where I'm in downstate NY, I get 3 boxes weekly from 2 different Chase branches with no problem. Bty the Chase branches around here never had coin counting machines. Check with other Chase branches & see what they say. I think you'll find that branch manager was blowing smoke up your a**.
HH
Gary

 

[weighit]

I went to 3 Chase banks yesterday to dump 2 boxes and none would take them, said they had no room. Went to BofA in the next town and they took them no problem. I have used Chase as a dump bank for 9 years, first time ever got turned away from any of them.

 

[A2coins]

Too many crh and they are stopping in your area

 

[fistfulladirt]

What's up with all the CRH? I had no competition back in '79, not much in '09. Low metal prices today, slim finds and tons of CRH'ers?

 

[smokeythecat]

My bank will order coins for me as I have a business account, but now they are threatening $5 per box as a fee.

 

[retire05]

I have no problem ordering coins, but the Credit Union I use as dump sites is taking out all of their machine counters. What do all of you do as far as dumping? Any advice other than rolling everything, which is out of the question for me...Brad

 

[mxh5891]

I have no problem ordering coins, but the Credit Union I use as dump sites is taking out all of their machine counters. What do all of you do as far as dumping? Any advice other than rolling everything, which is out of the question for me...Brad

It might have to "be in the question" for you if there are no counters around. Unless you can find a bank that will let you dump a bank bag. They most likely won't give you instant credit for it and you might have to wait a few days for them to send it out and have it counted before it gets credited to your account.

 

[fistfulladirt]

There will be less and less counters, personal tellers, and coin as the banking system prepares to go cashless.

 

[kingskid1611]

Maybe its because they have to pay restitution and need to take it from their customers to give to other customers they ripped off.....just saw it in the news...

 

[markmopar]

What's up with all the CRH? I had no competition back in '79, not much in '09. Low metal prices today, slim finds and tons of CRH'ers?

You should have seen how busy it was in here when silver was 40 bucks an ounce

 

[fistfulladirt]

You should have seen how busy it was in here when silver was 40 bucks an ounce

I've been here all along Mark - but prices are suppressed now, more than half.

 

[maverick]

+1 Fist lol.

 

[maverick]

What's up with all the CRH? I had no competition back in '79, not much in '09. Low metal prices today, slim finds and tons of CRH'ers?

Youtube.....

 

[FormerTeller]

Youtube.....

 

[markmopar]

I've been here all along Mark - but prices are suppressed now, more than half.

I thought I recognized your avatar.

 

[bertmaster2000]

My sister lives in AZ and is still able to order boxes of halves from Chase.

 

[mxh5891]

Youtube.....

YouTube is only part of the reason. This forum also is to blame. It's How I found out about CRH. You have to figure back when silver was $40 an ounce tons of people started CRH and they told people about it and it just snowballed.