Chase bank is no longer accepting coin???? I call BS

[dreamboxvip]

So, I've been dumping halves at several chase banks in my area over the last five years with very minimal problems(typical issues were that they don't have space which i would just go elsewhere) . I always spread my coins out never dumping more than 2,000 at any branch more than once every two weeks nor do I order anything from them. Last week when I came into one branch they tell me they are no longer accepting coin from me. Upon further investigation the manager at this branch informed me that a company wide email was sent out to no longer take coins. I asked about opening a business account and was told no and that no matter what they just couldn't handle it basically they are lazy is what I gathered from the conversation .Being a normal coin roll hunter that I am I decided to take a 120 mile road trip from my house to a different location and they denied taking my coins there too!! I called customer service, big LOL there.. they told me that chase policy is to accept coin no matter what account with any volume but for some reason they don't want to do that. The "managers" i've spoke with in the customer service department have no idea who I need to get ahold of to find out how a regional manager can decide to not follow chase banking polices. Is anyone else dumping at chase bank running into this problem?? if so who can I talk to or who have you spoke with?

 

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[dreamboxvip]

Of course he hunts coins. That's why he is on this forum. Don't think anyone is trying to start an argument. It's always been a simple fact that you don't want to overload your dumps. As was said, it's not their job to handle thousands of dollars in dumps. When you start thinking you have a "right" to do that you will have problems. No bank is required to accept your dumps, it's that simple.

No one should crh then if it isn't there job to handle coins.

 

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[LooseChange]

It is disappointing for sure.

Unfortunately for all of us, banks TOLERATE this hobby at their pleasure. They have every right to deny any service that they choose - so long as it is not for one of the protected classifications (ie: race, religion, etc). If I was in charge, I would refuse to cater to CRH'ers - because it is bad business.

As tempting as it is, I would suggest not making a big stink over it. In the long run, that can only hurt the hobby for everyone.

Well... I guess you don't crh then because you wouldn't cater to them because it's so terrible right?

My comment was not an attack. Why the contentious comeback? In any event, now that the tone is set . . .

I consider the hobby-related coin services provided by my CRH banks to be a gift (admittedly, a gift that I would likely not give if the situation were reversed). I do not feel entitled to those services and I would not pitch a fit if the generosity dried up. That has happened to me a handful of times and I just moved on (with dignity intact).

 

[Honest Samuel]

I purchase quarters from Chase for laundry many times a month.

 

[WaterScoop]

The “Banksters” snuck this one into the law books to get us ready for “the chip” I’m sure you heard that a few more times this year then last year.

Coins and cash are on their way out. Places that were once coin only have no become
Card only. Here are a few examples: parking meters, bus fares, vending machines.

I do hate to say it but... it’s getting towards the end of the coin roll treasure hunting forever.

Is it legal for a business in the United States to refuse cash as a form of payment?

Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency [including Federal reserve notes and circulating notes of Federal reserve banks and national banks] are legal tender for all debts, public charges, taxes, and dues."

This statute means that all United States money as identified above is a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise.

Enjoy it while you can.

Cheers

 

[foofighters]

All the Wells Fargo's in my area took out their coin machines in the last year.

Welcome to my world and the new trend.

 

[Spizzerinctum]

All Key Banks in my area are removing coin machines at the end of this month. It does, indeed, appear to be a trend.

 

[rcs]

I have never been able to use a coin machine. Bag dump only.

 

[ArkieBassMan]

No one should crh then if it isn't there job to handle coins.

A bank is a business. Although it does provide a service, its just another business. It is there, like any business, to turn a profit. The agreement you signed when you opened your account stated that the bank can close your account for any reason they so desire. You also have that right. The branches of your bank in your area have deemed that its no longer in their best interest to process coins. So, you've lost many of your dump banks. Its very common for that to happen in this hobby. You should be thankful for all of the free service you received (it certainly wasn't free to the banks you used) and not so bitter that your run of free service has come to an end. You'll either have to find others to replace what you lost, or find yourself a new hobby.

 

[mountainman 2]

A bank is a business. Although it does provide a service, its just another business. It is there, like any business, to turn a profit. The agreement you signed when you opened your account stated that the bank can close your account for any reason they so desire. You also have that right. The branches of your bank in your area has deemed that its no longer in their best interest to process coins. So, you've lost many of your dump banks. Its very common for that to happen in this hobby. You should be thankful for all of the free service you received (it certainly wasn't free to the banks you used) and not so bitter that your run of free service has come to an end. You'll either have to find others to replace what you lost, or find yourself a new hobby.

Well stated.

 

[mxh5891]

You either adjust your CRH habits and adapt to a new CRH strategy, or you quit. You took a big gamble getting 2k coins a week to dump and your luck finally ran out. It stinks, but it happens to everyone eventually.

 

[weighit]

I have been giving Chase all my boxes for years here in Arizona. I have ordered 2 boxes, some times 4 boxes from a different bank and when I dump to Chase I rotate. There was 4 branches in my town and each one got 2 boxes normally a week. So I would see the tellers once a month. Now where I live there are 6 branches of Chase, I only order 2 boxes per week so they get to see me every 6 weeks. Never once has anyone denided me the chance to dump the boxes. So far Chase has been good to deal with. When i go on vacation i try to oder coins in cities I will be in and still dump in Chase banks as I travel.