Chase Removing Coin Machines?

xxmrrightxx · May 30, 2015

When I went to Chase yesterday to dump some dimes the manager told me that all the coin machines will be removed from all Chase locations by July 1st. I've been told this from 2 Chase Banks before a couple months ago that corporate was considering it. Has anyone else heard of this? Could it only be that specific chase? I'm worried because Chase accounts for 50-60% of all my dumps.

xxmrrightxx · May 30, 2015

Oh, I almost forgot. I've also been told by that same manager that no Chase is allowed to order coins for customers, what are your thoughts about that?

bzbadger · May 30, 2015

Sounds to me like they aren't accommodating their customers and to find a new bank. I'm glad I use a small local bank with several locations.

Argentium · May 30, 2015

I feel your pain - I currently live in Southern AZ. Where almost no banks or C.U.'s have coin counters . It's brought my
CRHing to a screeching halt .

Iamrussell · May 30, 2015

Ive actually heard this from about 3 others in various parts of the country

FormerTeller · May 30, 2015

xxmrrightxx said:
When I went to Chase yesterday to dump some dimes the manager told me that all the coin machines will be removed from all Chase locations by July 1st.

xxmrrightxx said:
I've also been told by that same manager that no Chase is allowed to order coins for customers, what are your thoughts about that?

What are my thoughts? My first thought is "were you both picking up and dumping at Chase?" If so, I don't blame them. I suspect they're losing a boatload of money to CRH'ers.

Full disclosure, I use them myself, but only in a pick up capacity. My finds have been so bad I'm about to drop them.

xxmrrightxx · May 30, 2015

FormerTeller said:
What are my thoughts? My first thought is "were you both picking up and dumping at Chase?" If so, I don't blame them. I suspect they're losing a boatload of money to CRH'ers.

Full disclosure, I use them myself, but only in a pick up capacity. My finds have been so bad I'm about to drop them.

I was only dumping there, I've been dumping there for a year. Roughly $4,000-$8,000 in halves a month and maybe $1,000 in dimes which isn't a huge amount compared to some of the other CRHer's. I go to a couple other banks so I'm not dumping so much there.

xxmrrightxx · May 30, 2015

Argentium said:
I feel your pain - I currently live in Southern AZ. Where almost no banks or C.U.'s have coin counters . It's brought my
CRHing to a screeching halt .

I'm not at that point yet but I now I have to go a little out of my way, like 10-15 mins which isn't too bad. The Chase I always go to is pretty much right across the street. Sorry to hear about you not being about to find a coin counter.

Dozer D · May 30, 2015

Almost the same story with my Chase, however, my Chase will allow CWR's and they still order boxes for me. I prefer the CWR cuz sooner or later I'll get a collection dump. Just yesterday, bought 2-dime boxes plus $122 in mixed CWR qtrs,dimes,nicks. Once again some of the rolls were over-stuffed, and about $127.50 actual, but NO silver in the CWR.

MIhunter · May 30, 2015

When tellers or managers often make statements that are not 100% true.
Usually each branch, district and region has some latitude for these kinds of rules.

CW3(ret) US Army · May 30, 2015

xxmrrightxx said:
When I went to Chase yesterday to dump some dimes the manager told me that all the coin machines will be removed from all Chase locations by July 1st. I've been told this from 2 Chase Banks before a couple months ago that corporate was considering it. Has anyone else heard of this? Could it only be that specific chase? I'm worried because Chase accounts for 50-60% of all my dumps.

Here in downstate NY, the Chase Banks don't have coin counters. I use Chase as a pickup bank & dump elsewhere.
HH
Gary

CW3(ret) US Army · May 30, 2015

xxmrrightxx said:
Oh, I almost forgot. I've also been told by that same manager that no Chase is allowed to order coins for customers, what are your thoughts about that?

I have no problem getting half dollar boxes from Chase. They're very accommodating.
HH
Gary

FormerTeller · May 31, 2015

CW3(RET) USARMY said:
I have no problem getting half dollar boxes from Chase. They're very accommodating.
HH
Gary

I have no trouble getting boxes from Chase either. They're just not very productive...

GlenDronach · Jun 1, 2015

xxmrrightxx said:
I was only dumping there, I've been dumping there for a year. Roughly $4,000-$8,000 in halves a month and maybe $1,000 in dimes which isn't a huge amount compared to some of the other CRHer's. I go to a couple other banks so I'm not dumping so much there.

4-8k at ONE branch or multiple?

That's the big difference.

tokameel · Jun 17, 2015

Makes me mad. We do all of our banking at Chase and today, as I was dumping my latest bag of coins (about $19 every 2 or 3 weeks), they said they won't take unrolled coins after 7-1-15.

My hobby is searching for errors, varieties and wheaties. I am a disabled, retired coin guy, so this is my joy in life.

Now Chase Bank wants to make it hard for me to enjoy this part of my life.