So the bank wants their cut($),for putting my coin stash through a machine to count.
Can I get coin sleeves and do it myself? OH No!; we would then have to unroll the coins and put them through the machine anyways.
Are you a member at the bank? Wells Fargo does it for free if you’re a member (at least, they did for me the one time I’ve done this).
So the bank wants their cut($),for putting my coin stash through a machine to count.
Can I get coin sleeves and do it myself? OH No!; we would then have to unroll the coins and put them through the machine anyways.
This sounds ridiculous! I would be shopping for a new bank.
FDR
yeah that is your bank taking a cut. Personally i think wells fargo can gth but i bank with a credit union and they will collect your coins and pay you paper cash for free. perhaps consider going with a different bank
Tell them they can keep the canadians as their cut…
If you bank with them and they still want to charge you a fee, I’d take my business elsewhere!
Change banks. I would guess at least half if not more do not charge.
I know of one that I don’t even belong to that didn’t charge me.
Absolutely criminal they want to charge a member. Tell them to shove it up their…… Wow! I got agrier as I typed this response!! 
My banks (Wells Fargo) does it for me for free. What bank is it that is charging you.
Don’t forget the fees to cash a check if your not a customer. That really grinds my gears, bad. TCF I think was $7!!! 
I chuckle that people expect banks to do things for free, especially for non-customers.
I put my change everyday in a water jug the 5 gallon kind. takes me about 5 years to fill it up and have done that twice. I bank at Associated Bank and they have never charged me. The last time I cashed in the teller said “great we’re not short off quarters anymore”.
I chuckle that people expect banks to do things for free, especially for non-customers.
Do you have anything to add to your opinion or just like to chuckle 
I write a check to another individual or business I expect them to be able to walk into any branch and get their money, in full. That’s what the bank does, hold my money. Certain accounts have alotted number of transactions, as long as they fall into that why would they charge anything?
Wouldn’t it be customer service to cash some change for people. Wouldn’t that show how great of a bank they are and potentially gain your future business? Not nowadays, its a metric number that shows all the “change” people burn up x dollars per day, x amount per year and costs the company way too much money to provide such a small service, where they miss that small service actually would gain them twice that in new customers.
I’d like to say these big boys will rot away just like any other poor business models, but seems bailouts are the norm and probably wont see it in my lifetime. Just glad I shopped around and chose a small local bank and couldn’t be happier.
I can’t imagine a bank wanting their member to pay for the machine. I paid TCF a couple times at Cub, but that’s because I am with Wells Fargo. If I did it at Wells Fargo it was free.
“I write a check to another individual or business I expect them to be able to walk into any branch and get their money, in full. That’s what the bank does, hold my money.”
I only expect it if I take any check to my bank.
Its like free checking accounts. Sure they are free because they figure enough people will have enough overdrafts to cover the full cost of everyone’s “free” checking and include a profit.
Here’s what chaps my hide. I use another ATM. I expect the ATM owner to charge me, but then Wells Fargo turns around and charges me as well.
I can tell you that the bank tellers will get pretty excited if there is a small paperclip in your coffee can full of change. I guess it’ll jam up the machine.
Chamber, that is what the larger magnet if for to catch the clips and foreign coins.
I had an old plastic bucket full of coins that sat on my work bench for a couple of years. My wife was always after me to take it in and have the bank run it through their machine. Being it bothered her, I was in no big rush.
One day she was taking a bunch of change in and she asked if she should take my bucket. I finally said “Go Ahead already”. She came back about a half hour later and said the bank (Wells) said we had to wash the bucket of coins first. She told them to either run it through or we would find a new bank that would (she gets like that lol).
Long story short she came home with my $122 paper, from cashed in coins. I got to thinking about it and they probably had a good point. I do a lot of welding, grinding, torch work. I would imagine the coins were grimy from time on the bench. She was probably lucky they didn’t tell her to get out.
WS
If somebody leaves a bank over something petty, does that make them petty or the bank ??? 
Leaving your bank for better service make YOU look smart.
ALL banks make money or they go busted. Some just hide their “fees” better 
Changing coins will be the only service footprint banks will be needed for in the very near future. I already do the vast majority of my banking online with banks who are happy to profit from their reinvestment of my funds and not thru an ever growing fee schedule. Online and credit unions are the way to go imho.
Changing coins will be the only service footprint banks will be needed for in the very near future. I already do the vast majority of my banking online with banks who are happy to profit from their reinvestment of my funds and not thru an ever growing fee schedule. Online and credit unions are the way to go imho.
I don’t even know about that. Most people that I know that are under 40 don’t use enough paper money to amass buckets full of change that needs counting. I’ll have the same $20 in my wallet for months.
The last time I had to get change counted was when I worked at a restaurant in college 10 years ago.
<div class=”d4p-bbt-quote-title”>DaveB wrote:</div>
I chuckle that people expect banks to do things for free, especially for non-customers.Do you have anything to add to your opinion or just like to chuckle
I write a check to another individual or business I expect them to be able to walk into any branch and get their money, in full. That’s what the bank does, hold my money. Certain accounts have alotted number of transactions, as long as they fall into that why would they charge anything?
Wouldn’t it be customer service to cash some change for people. Wouldn’t that show how great of a bank they are and potentially gain your future business? Not nowadays, its a metric number that shows all the “change” people burn up x dollars per day, x amount per year and costs the company way too much money to provide such a small service, where they miss that small service actually would gain them twice that in new customers.
I’d like to say these big boys will rot away just like any other poor business models, but seems bailouts are the norm and probably wont see it in my lifetime. Just glad I shopped around and chose a small local bank and couldn’t be happier.
If a bank cashes a check for a customer and it is stolen or fraudulent, they have recourse by taking the money back out of the customer’s account. If a bank cashes a non-customer’s check that is drawn on their bank, they have zero recourse and are out the money.
Don’t blame the bank for this fee, blame the dirtbag thiefs who we all pay extra for wherever we go.
Regarding coins, they have to pay for the machine, the cost of balancing the machine, the cost of bagging those coins and shipping them to the Fed and having the coins wrapped, the cost of the teller to distibute money. 10% sounds about right. But what do I know. 
10% sounds about right. But what do I know
The $35 fee on a fifty cent overdraft should take care of that.
<div class=”d4p-bbt-quote-title”>DaveB wrote:</div>
10% sounds about right. But what do I knowThe $35 fee on a fifty cent overdraft should take care of that.
No no no, the $35 fee on the $0.50 overdrafts covers the people who don’t have enought in their account to pay the cost of processing all those checks and the FDIC charge on funds held in their Federal Reserve account. That is the same FDIC who MAKES bank’s charge all these fees so that banks earn enough money to cover bad loans and maintain a rating high enough to operate.
Now, while one side of the government mandates that bank’s earn enough fees and interest income to be safe and sound, another side of the govt puts restictions on how much they can charge on credit cards and what kind of loans they can make. Which results in a higher percentage of required earnings needing to come from reducing expenses or….you guessed it…..higher fees.
But don’t worry, our politicians know how to run banks better than bankers do and they know what is best for us. So its all good.
Regarding coins, they have to pay for the machine, the cost of balancing the machine, the cost of bagging those coins and shipping them to the Fed and having the coins wrapped, the cost of the teller to distibute money. 10% sounds about right. But what do I know.
Heavens to mergatoid it’s Deposit of “MONEY”,the monkeybutts are charging me to deposit my “Money” into my account.
How long does a machine take to count a bucket of coins, at 10% its quite a bit more than the cost of the tellers wages.
The end result is if they charge me,they loose a customer who has used this bank for 33 years.
TCF can afford to be the major sponsor for a football stadium just as a small regional bank so that right there says they make to much money.
I have to wonder is it possible we are getting older and less accommodating to change or is it are surroundings are just getting greedier?
The older I get the more I see my grandpa in me.
So the bank wants their cut($),for putting my coin stash through a machine to count.
If I had a account at a bank and they charged me to deposit coins I would switch banks not create a post on a fishing website about it. Actions speak loader that words. Sounds like you have been banking at the wrong bank for 33 years.
<div class=”d4p-bbt-quote-title”>jeff_huberty wrote:</div>
So the bank wants their cut($),for putting my coin stash through a machine to count.If I had a account at a bank and they charged me to deposit coins I would switch banks not create a post on a fishing website about it. Actions speak loader that words. Sounds like you have been banking at the wrong bank for 33 years.
What’s wrong with posting? This site isnt restricted to fishing topics only. I like posts like this. Very informative.
Heavens to mergatoid it’s Deposit of “MONEY”,the monkeybutts are charging me to deposit my “Money” into my account.
THIS!!
For those that say the fee for coin counting is okay, would you feel the same if you tried to make a large deposit with all paper money and they charged you a 10% fee for counting it? I think there would be an uproar then.
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