Banks are getting crazy

[ugotit22]

Tried getting 100.00 in nickels and 25.00 in pennies and got told to go scratch. Manger said they had a meeting and they can't sell large quanities of coin to retail customers. Says there is no reason to have that amount of change. When I asked how much I could buy he said only a few rolls of each. LOL what a joke

 

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[50cent]

I had a bank (one with over 20 branches) close my account when I dumpped ONE box on them. Three days after the dump I got a letter stating that my account had been closed and a check for what I had in the account.

That would make a very good story for Consumer Reports Online

 

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[Hmille10]

No business with that much change?! Who is to tell me I cant make all my purchases with nickles if I want? Its a form of legal currency. Thats just a poor excuse for laziness on their part.

Tried getting 100.00 in nickels and 25.00 in pennies and got told to go scratch. Manger said they had a meeting and they can't sell large quanities of coin to retail customers. Says there is no reason to have that amount of change. When I asked how much I could buy he said only a few rolls of each. LOL what a joke

 

[agme]

No business with that much change?! Who is to tell me I cant make all my purchases with nickles if I want? Its a form of legal currency. Thats just a poor excuse for laziness on their part.

I agree.
Maybe the OP should of named this thread "Banks are getting lazy", instead of "Banks are getting crazy".

 

[admrose]

Personally, I've found some branches that honestly don't mind rolled coin and are actually very friendly even when I'm depositing $500 in halves or quarters. Most branches will KILL for dimes as they constantly seem to be in short supply. Other branches however will feel each roll and then compare them to make sure I'm not trying to screw the bank out of fifty cents. One teller actually told me "this roll only has 19." I wanted to tell her to go through the other $490 in halves and find the roll with 21, but I settled for just having her change my deposit ticket to $499.50.

 

[sagittarius98]

No business with that much change?! Who is to tell me I cant make all my purchases with nickles if I want? Its a form of legal currency. Thats just a poor excuse for laziness on their part.

Exactly.

In Britain, you can't pay with certain coins over a certain amount.

What can you pay for with 1p and 2p coins? Not an £800 bill ? | Money | The Guardian


Apparently I should be fined too since I payed for a bus fare of £2.10 with primarily 1p and 2p coins.

 

[GarouLady]

wow, the bank wouldn't take a mere 300 dollars of coinage? never heard of that happening. Worse comes to worse, when the weather is nutty, I just spend a day rolling them and I take them to my workplace, a store, and they take them. If a bank won't take the coinage, go to the nearest grocery store, ask the cashier manager and see if they will take them for their safe. My Cash Office manager has done this a couple of times with dimes and quarters. I don't do it with nickels because they don't go through boxes of nickels that fast. She's told me this. And gas stations, burger joints, they all like coinage. Ask to exchange a couple of rolls for some dollars. If you live in a small town like me, I can walk and exchange coinage to 10 different stores in less than 30 minutes.

I haven't had serious problem returning coins, except my one credit union recently changed their return fees. 50 cents for the first 100 and then 2% fee for anything after that. But I have wondered about that fee because when I returned 205 dollars before the change fee hike, they charged me a 10 dollar fee. Now I know that is more than 2% but my math skills really stink. Does anyone know if you times an amount by .2 or .02 to get the 2% fee amount?

Thanks and good luck with the dumps,
Garoulady

 

[fistfulladirt]

No business with that much change?! Who is to tell me I cant make all my purchases with nickles if I want? Its a form of legal currency. Thats just a poor excuse for laziness on their part.

I agree, but I'm sure that private businesses are still free to specify which forms of legal tender they will accept, and if they don't want to accept more than $5 in nickles, that's their right.
Gas stations around here do it all the time. Many of them won't accept $50 or $100 bills as payment.