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Bank "handling fee" for ordering rolled coin
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<p>[QUOTE="Conder101, post: 1160582, member: 66"]From your first post, they didn't say a 10% of face value fee, they said a 5 cent per roll fee. Yes that is 10% for cents but it is a much smaller percentage for other denominations, 2.5% for nickels, 1% for dimes, .5% for quarters and halves, and .2% for dollars. The bank has charges passed on to them for handling, it seems reasonable to me that they would pass those charges on. Especially if you are going to be getting very large amounts of coin. You want A box of cents. OK we'll eat the fee. You want 40 boxes of cents! You're paying the fee. Those boxes of coin cost money. The wrappers cost money, the boxes cost money, the machines for handling, counting, and wrapping cost money, maintenance on those machines costs money, transporting them costs money, and then there are the labor costs for the people running the machines, and hauling the coins around. All those costs have to be paid for. Either the bank pays them or you do. The bank is in business to make a profit so why pay an expense they don't have to. If the customer wants this service, they will pay for it.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1160582, member: 66"]From your first post, they didn't say a 10% of face value fee, they said a 5 cent per roll fee. Yes that is 10% for cents but it is a much smaller percentage for other denominations, 2.5% for nickels, 1% for dimes, .5% for quarters and halves, and .2% for dollars. The bank has charges passed on to them for handling, it seems reasonable to me that they would pass those charges on. Especially if you are going to be getting very large amounts of coin. You want A box of cents. OK we'll eat the fee. You want 40 boxes of cents! You're paying the fee. Those boxes of coin cost money. The wrappers cost money, the boxes cost money, the machines for handling, counting, and wrapping cost money, maintenance on those machines costs money, transporting them costs money, and then there are the labor costs for the people running the machines, and hauling the coins around. All those costs have to be paid for. Either the bank pays them or you do. The bank is in business to make a profit so why pay an expense they don't have to. If the customer wants this service, they will pay for it.[/QUOTE]
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