Message:

<p>[QUOTE=&quot;gboulton, post: 1489434, member: 27043&quot;]Makes sense to me.&nbsp; You wander in every so often, count a lot of coins in the counter, hand them over for cash or what have you...no big deal.</p><p><br /></p><p>But now you&#039;re ordering boxes that aren&#039;t part of their normal expected inventory.&nbsp; They&#039;ll be paying whatever delivery and handling charges are necessary to obtain the coins...charges that can be significant for a smaller bank that doesn&#039;t have its own central vault at a main location.</p><p><br /></p><p>They&#039;ll be dealing with storing them for you until you come get them.&nbsp; </p><p><br /></p><p>Whichever teller logs them will now have to inventory and account for them, over and above his/her normal daily routine...every day.</p><p><br /></p><p>A teller will be handling them, completing your transaction, and then logging them back in when you return them.</p><p><br /></p><p>At which point they&#039;ll incur more storage costs, again be responsible to inventory them, and pay more costs to return them via Brinks/whoever.</p><p><br /></p><p>And they know, since you&#039;re an &quot;enthusiast&quot; that they&#039;ll be doing this on a regular basis, and it&#039;s not a revenue generating process.</p><p><br /></p><p>Banks exist to make money...yes, even &quot;non profit credit unions&quot; are still expected, by their owners (you, among others) to see positive returns on their investments.&nbsp; Even the most &quot;frugal&quot; of depository institutions is expected by its owners to cover the costs of operation, and not run in the red.</p><p><br /></p><p>None of us around here bat an eyelash at our credit union charging us interest on a loan, or at our S&amp;L investing our deposits for their own ends, or at our bank charging merchants fees for processing debit/credit transactions.&nbsp; We figure all of this is normal behaviour for a bank.</p><p><br /></p><p>Heaven help them, however, if they charge us directly for providing a service that is beyond anything reasonably expected by the average customer, not specified in any sort of service agreement, and causes the bank to incur significant real costs. </p><p><br /></p><p>=================</p><p><br /></p><p>Having said all that, there ARE, of course, banks who choose not to charge for certain things.&nbsp; Some charge for online access...others do not.&nbsp; Some charge for checks...others do not.&nbsp; Many base what they will and won&#039;t charge for on an average or minimum balance, since they can get better returns on larger amounts.&nbsp; And, like any of these other charges, fees, and services, there are some that won&#039;t charge you to order coins, and some that will.</p><p><br /></p><p>Sometimes, particularly with smaller banks and local CUs,&nbsp; it&#039;s simply a matter of finding the right branch or the right friendly teller or manager who&#039;ll waive the fee.&nbsp; Other times, for whatever reason, you&#039;ve run into a branch or teller who dislikes &quot;our kind&quot;, and has just been waiting for a chance to make you pay.&nbsp; So it might well be worth your time to inquire at another branch...perhaps with a box of chocolates or a small gift in hand. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Whatever winds up happening, however, please do try to keep the above in mind.&nbsp; What we &quot;enthusiasts&quot; (first time I&#039;ve heard us called that *heh*) do is NOT cost neutral to the banks we frequent.&nbsp; It takes time, resources, and both hard and soft costs on their part.&nbsp; Getting indignant about them deciding to charge to cover these costs only rewards those who are of the opinion that &quot;we&quot; must be stopped.</p><p><br /></p><p>Remember, instead, to be openly and frequently appreciative of those tellers and/or branches that will help you out, and always bear in mind that we are asking them to help US.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in