Excuses given to Bank Tellers.

I am sure we all have quite a few lines ready to feed bank tellers, when we ask for some large amount of coins. My favorite is "They make GREAT poker chips". ANYTHING to keep them from thinking you are a collector. Often as not the flow gets turned off, or fees added if they think your profiting from the coins.

Anyone else have any good ones? The Poker chip one is a great one.

 

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" I own a laundromat and I need change for my customers."

 

I usually go in with my work clothes on and just say it's for change.

 

There used to be a guy on here named "ibewashincars" or the like, that owns a car wash, so he got lots of change for the car wash.

 

If a bank is charging you a fee based on suspision of profiting from coins attained at their bank, you need to inform the authorities, as this is illegal. A bank can refuse to sell you coins all day long, but they can't charge at a profit for supplying those same coins.
Guy~

 

Tellers in my banks know why. I ask for things like Ike's, $2's, older money. One teller is a collector herself, so she knows what to look for, and has educated her brethren on what to look for so I get really decent stuff.

 

I am supporting a hungry coin-operated washing machine.

 

"I pay all of my employees in change, so that they will feel like they are really getting something". Well, I don't have any employees but that is the line many employers should use!


Frank

 

at my branch we dont mind giving out any amount of change. i have given out thousands in change at a time. you need to find another branch to go to

 

The Vending Machine paper money receptor is on the fritz.

 

ROTFLMAO!

I used that one for years before finally fessing up to what I was actually doing. I didn't want to create any competittion. Only once has a teller ever told me that her boyfriend decided to "copy" my idea and search rolls too. I did it for 3 years before taking a break. He lasted 2 weeks. :smile

 

My dog likes them for treats. Lol, just kidding. I normally don't say anything, but if they ask, I just tell them the truth really. My thought is if they won't give me coins because I'm a coin collector, then they don't need my business. But, I've said this before, the bank I go to normally actaully let's me look through there money. :kewl:

Phoenix

 

io just tell them the trouth and have had very little trouble execpt when they run out of nickels to search. yhey usualy say we only have the nickelss left that you have allready went through.

 

My favourite teller orders coins for me. She also saves all the good paper money that comes across, saves all Ikes for me etc.

 

I just showed up often enough getting a couple rolls at a time, like cents, state quarters and prez dollars that the tellers figured it out on their own. Now one very nice teller watches for silver and wheats for me.

 

As a retired bank lawyer, I'd sure be interested in a citation to your authority for that statement, which runs counter to everything I learned in more than 30 years about the laws and regulations governing banks.

Most banks today do charge merchants fees for both depositing and withdrawing coins over a specified amount.

 

But hontonai, I think he was talking about charging only coin collectors, and not others that aren't. To me, that's wrong to charge one, and not the other, just because the other is a coin collector. JMO.

Phoenix

 

excuses................................

this may help those wanting coins from the bank.

http://coins.about.com/od/coinbuyingadvice/qt/coins_from_bank.htm?nl=1

 

Yes, they all charge for a customer to have the privilage to being a customer. But, you can't tell me they can charge a customer a premium for wanting a few rolls of coins just because they suspect they are a collector. That, in any bank, is criminal. Handling fees for large transaction depositors, such as coin-heavy businesses (vending machine owners, laundromat owners...) is not the same as a collector wanting a dozen rolls of cents. I'd like to see a bank policy, past or present, that says otherwise.
Guy~

 

Banks can charge any fee they want for coins and they can do it selectively, provided they are not "discriminating" based on any of the criteria set by law (such as age, race, sex, etc....)

Banks are also free to advertise fees and waive them for whatever customers they choose.

Banks are not a government entity, but rather private corporations that are heavily regulated. I'm pretty sure that fees for handling coins is not really addressed in those regulations (I admit there are a lot of regulations and I've only searched them, but not read each and every word).

Many banks do incur a fee specifically for coins. In large urban areas, a bank may have a contract that stipulates a flat rate for delivery/pickup that is ignorant of the amount of coin delivered/picked up, but as you mover farther away from urban areas, you'll find that the contracts start leaning towards a delivery/pickup fee based on the number of items picked up/delivered (e.g. bundle of cash, bag of coin, etc...) due to the need to consolidate banks into a route to minimize driving and exposure to robbery (amongst other factors).