Page 1 of 3
Does your bank....
Posted: Wed Jun 08, 2016 1:35 pm
by txglock21
I have a large popcorn tin that I toss my change in every day after work. This is my daughter's "piggy bank". She is wanting to "cash it in" for spending money for our upcoming vacation. I stopped by my bank today to see if they would accept it for either deposit in my account or cash bills. They said they would do both, BUT it had to be rolled and my account number put on each roll. We are talking about A LOT of pennies, nickles, dimes and quarters here. Just guessing, but probably over $200 worth. I'm not going to do all that. I hate to pay Coinstar 10.9% fee to use them, but may have to. Anyway, I was just wondering if ANY banks still accept unrolled, bulk loose change any more. My old bank, years ago, would, but only for deposit. Does your bank?
Re: Does your bank....
Posted: Wed Jun 08, 2016 1:39 pm
by The Annoyed Man
I haven't heard of one in years that will accept unrolled coins like that without charging a fee for rolling them up.
Re: Does your bank....
Posted: Wed Jun 08, 2016 1:47 pm
by jason812
My bank has the DIY machine you put your change in and take the receipt to the teller. If you have an account, you can get cash free of charge. I will not fill up my old glass 5 gallon milk jug anymore cause it's just too heavy to lift. The other day a woman came in while I was in line with several large zip lock bags full of quarters. Me being nosey, she was up to $2k by the time I left.
Re: Does your bank....
Posted: Wed Jun 08, 2016 1:48 pm
by Jusme
The Annoyed Man wrote:I haven't heard of one in years that will accept unrolled coins like that without charging a fee for rolling them up.
Same here, my FIL has a coin roller that use when I need to roll a lot of coins, I buy the wrappers at Wally world but other places may have them. My bank only takes rolled coins but I haven't had to put my acct# on them. I don't like the thought of paying a machine 10-11 cents on the dollar to count my coins.
Re: Does your bank....
Posted: Wed Jun 08, 2016 1:50 pm
by Solaris
Texans had a free machine when I was with them, when they had financial issues I dumped them a few years ago.
Navy FCU also has a free machine, they have a location off Bush/190 near Garland.
Re: Does your bank....
Posted: Wed Jun 08, 2016 1:51 pm
by Jusme
jason812 wrote:My bank has the DIY machine you put your change in and take the receipt to the teller. If you have an account, you can get cash free of charge. I will not fill up my old glass 5 gallon milk jug anymore cause it's just too heavy to lift. The other day a woman came in while I was in line with several large zip lock bags full of quarters. Me being nosey, she was up to $2k by the time I left.
Probably a vending machine owner. years ago I helped a friend and his uncle who had a vending machine business, it was not unusual for him to have upwards of 1k in coins and this was back in the late 70s.
Re: Does your bank....
Posted: Wed Jun 08, 2016 1:52 pm
by Solaris
Another solution I have used in past is to put change in the self-service checkout machines at supemarkets, Lowes, Home Depot, etc. No markup. One time I paid for $80 groceries using change only.
Re: Does your bank....
Posted: Wed Jun 08, 2016 2:04 pm
by Liberty
We have a First Texas Bank here in Galveston that I used and it was free. Maybe other First Texas Banks have one of these machines
Re: Does your bank....
Posted: Wed Jun 08, 2016 2:11 pm
by txglock21
Thanks for all the responses so far.
Solaris wrote:Texans had a free machine when I was with them, when they had financial issues I dumped them a few years ago.
Navy FCU also has a free machine, they have a location off Bush/190 near Garland.
Do you have to have an account with them? I know where that bank is, but I don't have an account there.
Re: Does your bank....
Posted: Wed Jun 08, 2016 2:16 pm
by RogueUSMC
lol...I saw the thread title and "does your chewing gum lose its flavor..." popped into my head...lol
That being said, My credit union has the self serve machine where you take the receipt to the teller. There is a charge or no charge depending on your account level...
Re: Does your bank....
Posted: Wed Jun 08, 2016 2:25 pm
by Vol Texan
Well, my answer may not help your original question, but I hope it gives you an idea.
When my daughter wanted to cash in our change jar a couple months ago, we had her roll it herself. We picked up the supplies, and showed her what to do. It took about a week, but we changed it in for about $300, and she felt she'd done her part.
But then again, she's only 7 years old, so she's at the ripe age to teach her lessons like that.
Re: Does your bank....
Posted: Wed Jun 08, 2016 2:42 pm
by bulinm
Last time I took rolled coins to my BOA branch, they said they wouldn't take them like that anymore, and gave me a big
clear plastic coin bag to put 'em in next time. You put the coins in the bag loose, put your info on the bag, and they sort and count and do
whatever they do with 'em, then credit your account.
Re: Does your bank....
Posted: Wed Jun 08, 2016 3:03 pm
by B23Msports
I have personal and business accounts at Legacy Texas. Just last week took my yearly collection of coins in, all loose in 1 coffee can and 2 tupperware containers. The teller took them in the back, returned in a few minutes and told it was $240.38. Then asked if I want large bills. That is all there was involved.
Re: Does your bank....
Posted: Wed Jun 08, 2016 3:37 pm
by J Wilson
bulinm wrote:Last time I took rolled coins to my BOA branch, they said they wouldn't take them like that anymore, and gave me a big
clear plastic coin bag to put 'em in next time. You put the coins in the bag loose, put your info on the bag, and they sort and count and do
whatever they do with 'em, then credit your account.
The last time I had $400 in loose change BOA did the same thing.
Re: Does your bank....
Posted: Wed Jun 08, 2016 3:45 pm
by RogueUSMC
Back home in the '90s, I would take a milk jug to the credit union and drop it with the teller. they would take it with the deposit and credit my account the next day. That was when they called you by name when you walked in.