3 tough situations in 1 week... advice needed!

[BuffaloBoy]

Hey folks... I have had 3 tough situatons this week, it's not looking too good on my part for at least 1 bank... i'll try and keep it as simple and to the point as possible...

I deal with 3 DIFFERENT banks weekly... we'll call them Bank A, Bank B, and Bank C...

Bank A: I've been going to this specific branch for about 2 months now, every weekend on a certain day and time... asked for a box of dimes and nickels... always no problem. They have a coin counter i dumped at as well, but they were all cool with what I was doing. This is a bank part of a HUGE chain.
Upon asking for coins over the weekend, the usual box of dimes and nickels, I was told by the 3 tellers sitting at the teller windows talking to eachother, they cannot supply coins to me anymore, they are now only allowed to keep "what they need" in their vault... and this specific day i DID NOT use their coin counter, nor the week prior, and when I did, it was always $25-50 in pennies.
I am hoping I can still use this branch for dumping... any experiences like this?

Bank B: a larger regional bank(lots of locations in my part of the country, through several states) with a coin counter I use every week, I dump $1,000 in half dollars each week...i've been doing this for the past 8-9 months now with no issues... UNTIL TODAY. The manager comes up to me while I am dumping my usual $1,000 in half dollars and asks if I have a business account(which I don't), and procedes to tell me that I need a business account to use this machine!! I don't know if it is just me, but that seems like discrimination?? please correct me if I am wrong.
So I am going to have to lay off this bank for a little bit, but I do have a credit card with this specific bank where I put on quite a large balance due to the percentage cash back and no annual fee. I do not have much in my account here. Should I sit down with the manager who confronted me about not being able to dump here? what should i say? what should I do?

Bank C: this is also a large chain that is nationally known(I am not disclosing the names for privacy reasons), I have a weekly order with them. I have establised a weekly order with them in December of 2011 and have been getting 2 boxes of half dollars and 2 boxes of dimes per week, the tellers don't seem to mind. They told me earlier this week that come december, my order is going to have to be cut due to the lack of space in their vault... they told me That my weekly order should resume come January... my only guesses are the holidays in december, but i have a feeling they will cut me off completely... what to do?? I always buy them christmas ornaments and treats come december, each teller gets a nice gift to show my appreciation.


Thank you for reading... if you have suggestions to certain banks, please specify, "For Bank C, I would do..." "For Bank A, I would do"... etc.
HH
Buff

 

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[GEOFF]

i think i have a feel what three banks you are with but I shall not name them.

1. try to talk with manager, if not the head teller, if still not okay, then go to another branch as you have milked it dry.

2. ask the manager for bag dumps, its easier and less work for the branch as branch is prolly tired of you and changing your bags.

3. just do as told, you prolly milked this branch dry as well, nothing lasts.

As always, bring them treats and make them fat! the tellers love being fat with you smiling while you hand your treats to them! they will treat you better when you have fed them.

 

[BuffaloBoy]

for bank B... i failed to mention this coin machine does not require a bag change, all coins fall directly into a bin-- counts $1,000 in halves un under 5 minutes.

 

[GEOFF]

for bank B... i failed to mention this coin machine does not require a bag change, all coins fall directly into a bin-- counts $1,000 in halves un under 5 minutes.

dang, thats awesome! why dont u open a biz acct? its free to open (with $$$ opening bonus if you find a coupon online), just make sure coin deposits dont require any fees.

 

[Mr E SECRET]

Bank A: Stock price is down, cutting expenses, you are the first stop
Bank B: Yes, discriminatin, you cost them money, they are in the bix of making money. They don't need your "business"
Bank C: They like you, but will be slammed during the holidays, don't want to deal with CRH .

Advise: drink 3 beers on an empty stomach. Come up with a new CRH plan for the holidays, somthing you haven;t done before. Somthing new, new goals, new banks. Change of scene man. You're thinking too much...don't forget to have fun.

 

[Wilmingtonsilver]

dang, thats awesome! why dont u open a biz acct? its free to open (with $$$ opening bonus if you find a coupon online), just make sure coin deposits dont require any fees.

The only problem with this solution is that before you can open a business account, you must first get a Federal tax ID number from the IRS. That means your transactions will be monitored more and you may face an audit to explain what you are doing. Granted, it isn't illegal, but it will be a pain in the ass to go through an audit for that. Also, if you do get audited, the IRS may make you claim your finds as income. I do believe there is taxes on treasure hunting finds.

 

[Wilmingtonsilver]

Bank A: I would as to speak with the vault teller. Politely explain that you are a coin collector, and it is easier and cheaper to fill out your collection buy going through boxes. You might want to stop dumping there though. I would think that would be the reason for them not wanting to order your boxes. They might see you causing them extra work on the back end of the deal.

Bank B: I find it odd that a coin machine would be for business accounts only. I am trying to think of a business, other than an arcade or vending company, that would need to dump a large amount of coins on a regular enough basis to have a high volume coin counter just for business accounts. Do you have a personal account with them? You probably want to do as was previously suggested and ask about doing bag dumps.

Bank C: I would play it cool with them and be as nice as you can. I don't think you are in any trouble with them. Especially since they are letting you know well in advance of the holiday season that their vault space is at a premium during that month. I would say to enjoy the holidays and only CRH about half as much from that bank and hit the ground running again in January.

 

[namster]

Bank 2- So, ONLY business members dump in the machine? I find that hard to believe. I dont see how they could deny you use of the making unless they enforce the policy on ALL non business customers. File a complaint with the OCC.

 

[Okie115]

Bank A: introduce them to a dumpfest.
Bank B: introduce them to a big cup of Funky UmmaGumma. One of the bank branches I went to pulled this about ordering coin for me so now I just supply them with plenty of coin.
Bank C: it's all good just keep up appearances.
Edited for the Funky UmmaG

 

[mountainman 2]

The only problem with this solution is that before you can open a business account, you must first get a Federal tax ID number from the IRS. That means your transactions will be monitored more and you may face an audit to explain what you are doing. Granted, it isn't illegal, but it will be a pain in the ass to go through an audit for that. Also, if you do get audited, the IRS may make you claim your finds as income. I do believe there is taxes on treasure hunting finds.

Only if you sell those finds for a profit.
BB, i ran into the same thing with bank A recently. It seems to vary branch to branch so check out some other branches to see if they all say the same thing. Same thing with bank B, ask around at other branches to see if they all say the same thing. Then you'll have a better idea if it's just someone at that particular branch who made up this new requirement or if it is a policy for all branches. Bank C, time will tell. Good luck to you, talk to you later.

 

[BuffaloBoy]

thanks for all the great advice, as to Bank B, i only return half dollars into their coin machine as it doesn't require a bag change, and counts really fast.
I don't think bags or even re-rolled coins would work with this bank as the manager doesn't like what I am doing, he confronted me WHILE DUMPING and told me to sit down with him next time I brought coins in concerning a business account... why...

and Bank A clearly told me straight up they would not sell me any coin boxes anymore, they were never ordered, just what they could spare: they are required to keep at least 5-10 boxes of each common denomination at all times(pennies, nickels, dimes, quarters), from what I gather.

i am thinking about waiting a few weeks before dumping at Bank B, though i might just have to use their coin machine on a thursday/friday night, or even a saturday morning when the manager might not be there

 

[BuffaloBoy]

Should i speak to the manager of bank B and ask if they have it written down somewhere in the bank's policy to make somebody have a business account to deposit large amounts of coin? i would love to see it written down on their policy, then of course i wouldn't be able to do anything at that point... but if it is a made up thing, that's a different story, right?

 

[smittyw]

With all the hunting going on and the dumping attendant to it, there is the possibility that the banks are seeing costs rising as they have to pay for the delivery of the coins and their removal. Got a feeling that the managers are getting hit by their bosses to cut down on cost and having less coin delivered might be a way. This sucks, but it is a valid thought. I really don't care if they decide to charge me a little to have boxes come in, but I don't want that to happen in my area if at all possible. I have had only one branch of any bank tell me that ordering halves would cost me a service charge so I don't go to that branch anymore. All the others branches of the same bank order and delliver halves to me at no charge and with a smile. Anyone know if TIMZIM is running into any problems obtaining the quantity of coin that he goes through. That might be a ture test of what the banks are really thinking. Hope he is doing ok.
As for stratigies to get your coin, I guess you can try to talk to the managers and see if it is just a head teller who is not interested in lifting heavy boxes or if it really going to be a bank policy. Remember, the manager has a surpervisor also and you can work up the chain of command with phone calls and questions. That should get you a straight answer in the end.

 

[Eminem]

Have you told them your account number? They most likely noted your account saying that you can not make coin transfers. If i were you id throw a half dollar roll at a teller, that all you can do right about now. read my guide if you need more advice.

 

[ArkieBassMan]

Bank A: The bank is likely just cutting back costs where they can. Or they're tired of dealing with CRHers. Or both. It doesn't really matter as all that matters to you is that you've lost a "buy" bank. If I had a decent sized account at the bank, I would have a friendly talk with the manager about ordering the 2 boxes. It can't hurt as they can't cut you off again. Nothing to lose, but most likely you'll have to find a new buy bank. I would continue to use the coin counter until they put a stop to that too...at which time I would close my account(s) and move on.

Bank B: It is discrimination, but what we CRHers do to banks with coin counters is manipulation. There really isn't much you can do. You might have a talk with the manager and mention the word discrimination and get your way. On the other hand, the manager might close your account and show you the door. If that manager fully intends to stop you from using the coin machine, then you're likely stopped. Again, as with Bank A, a talk with the manager can't hurt as you've already been cut off.

Bank C: The bank is likely telling you the truth. They probably have to at least double their coin orders during the Christmas shopping season in order to keep up with coin demand from businesses and very likely run short on vault space. If it was me, I wouldn't worry about it too much. They were kind enough to let you know well in advance what is going to happen. In my experience, when they intend to cut you off for good, there is no warning. I would look for a temporary alternate supply if I couldn't go a few weeks without my boxes.

 

[MrSchulz]

Bank A: intorduce them to a dumpfest.
Bank B: intorduce them to a big cup of FU. One of the bank branches I went to pulled this about ordering coin for me so now I just supply them with plenty of coin.
Bank C: it's all good just keep up appearances.

I did this same thing after a manager tells me they dont give coins to "You Collectors". So I give them plenty of coins, $500 in brand new 2012 D's Cents

 

[Wilmingtonsilver]

Only if you sell those finds for a profit.

I am almost positive that you are "supposed" to claim it at current fair market value on the year you found it, not sold it. I think it is something about "found Property" or "Treasure Trove" in the tax code. Basically it is capital gains. Of course unless you get audited to explain the activity int he first place, this probably wouldn't be a concern.

 

[Treasure_Hunter]

Rules please, reminder to watch the language here, substituting charactrers for letters does not get by the rules......also no color text..........

 

[BuffaloBoy]

......also no color text..........

why...

 

[BuffaloBoy]

i think i will deal with bank B in about 2-3 weeks when my bill comes in for my card, sit down with the manager and ask why i am not allowed to use the coin machine.
Sure I am using it for my hobby, which is not why the coin machine is there, but as a customer, i do have a right to use it, correct? There is NO FEE for non-members on this specific machine, at least none listed to the naked eye, or on the transaction receipt, therefore, being a customer, wouldn't i have more rights then the non-customer walking in off the street and dumping their $300 change jar??