First haul cashing coins at bank and NERVOUS!

Brizors · May 7, 2015

So I will be taking my first haul of CRH'ing coins which is about $700 to my bank today and I am pretty darned nervous.. I do not know how this is supposed to work and if they will hate me, etc. I was told by my bank that this Kinecta further down the road has a coin counting machine, so I am going there. How does this usually work though? Is the machine behind the glass and the tellers process the coins, or do I do this myself? Do the coins usually need to be separated into containers or can they all be mixed together?

I feel like $700 is a lot and have no idea how normal or abnormal this is going to be for them. I would really appreciate some tips and some insight on what to do and what to expect.

The last thing I want is to be a burden and get cut off already!

I appreciate any help at all!

Vdubguy · May 7, 2015

Just dump, you'll get over the nervousness soon enough. Just remember to be kind to the tellers. I've dumped thousands of dollars at my credit union before and the tellers laugh and ask if I found anything good. Of course I bring them cookies and chocolate all the time.

Good luck and HH

Vdubguy

TheMastermind · May 7, 2015

Why would you be nervous? Were you ever nervous dumping your piggy bank into the coin machine as a kid? It's the same thing.

Brizors · May 7, 2015

Okay cool I'll bring them baked goods next time. I'm nervous because of the warning's I've read here about people getting cut off.

Is it easier to mix all coins into one big container? Or better to have multiple small ones organized by coin?

TheMastermind · May 7, 2015

I like being organized, so i dump by denomination. But I don't think it makes a difference.

Brizors · May 7, 2015

Okay cool. I have about 4 boxes of different denominations, about to head out. Thanks for the advice.

Brizors · May 7, 2015

Laaaame the coin machine has been full at my bank since last thurs and my bank can't get the people to come out and take the coins out despite calling them multiple times. What a bummer! Also WTF?!

Zomotion · May 7, 2015

Ask if you can buy the half dollar, dime and quarter bag off the machine!!!!

Vdubguy · May 7, 2015

Brizors said:
Okay cool I'll bring them baked goods next time. I'm nervous because of the warning's I've read here about people getting cut off.

Is it easier to mix all coins into one big container? Or better to have multiple small ones organized by coin?

How strong are you? Haha

Spartcom5 · May 7, 2015

Just cut got off at my local bank very disappointed at Wells Fargo. I've had an account there for a long time and they wanted to charge me $18 today to deposit $800 worth. Wow

kayakpat · May 7, 2015

those coin counting machines take 10% here, I don't use them.

Brizors · May 8, 2015

Zomotion said:
Ask if you can buy the half dollar, dime and quarter bag off the machine!!!!

Woah, didn't think of that! I imagine it would be a stiff no though. They are probably not ready to be accounted for and dished out to customers.

Vdubguy said:
How strong are you? Haha

I had some in my duffle bag I carried in and my gf carried a bit as well lol.

Spartcom5 said:
Just cut got off at my local bank very disappointed at Wells Fargo. I've had an account there for a long time and they wanted to charge me $18 today to deposit $800 worth. Wow

Man that sucks.. I'm so sorry to hear

Just for educational purposes, how often did you dump there? Were there signs of a cut off coming? if so please tell so I can learn to read into them in advance.

Brizors · May 8, 2015

kayakpat said:
those coin counting machines take 10% here, I don't use them.

No way... the one's at the bank!?!?!

Spartcom5 · May 8, 2015

Maybe like twice a week but there was no sign of it coming they just think I'm making a lot of money off of this and they got snotty with me. I'm making next to no money off of this and it's just a fun hobby I like to do but they don't seem to understand. I guess I'm done now

Zomotion · May 8, 2015

Brizors said:
Woah, didn't think of that! I imagine it would be a stiff no though. They are probably not ready to be accounted for and dished out to customers.

Ask if you can buy the half dollar bag off the machine at first. Banks do let you buy the bags, but some don't. You are basically just purchasing what the $$$ amount is for coin in that bag. I've done it before with Half dollars, but that bank moved to new machines and the new machines don't use bags any more so they can't sell them. Never hurts to ask!

Brizors · May 9, 2015

Don't you guys think they would get mad if I ask to buy the coins from the machine and dump them back in the machine in a week or so?

enamel7 · May 9, 2015

That's why you have pickup and dump banks. Never dump where you feed!!!

6920 · May 10, 2015

kayakpat said:
those coin counting machines take 10% here, I don't use them.

Your bank coin machine takes 10% ? I have heard of ones in the supermarket doing it, but never banks.

Brizors · May 12, 2015

enamel7 said:
That's why you have pickup and dump banks. Never dump where you feed!!!

Haha this bank with the machine IS my dump bank

enamel7 · May 12, 2015

Brizors said:
Haha this bank with the machine IS my dump bank

Just as I said. If you're dumping there it would be unwise to buy them. Not to mention getting your own dumps. Try finding another bank with a counter and see about buying bags, or change dump banks.