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<p>[QUOTE="masterswimmer, post: 8075946, member: 102022"]I'm guessing you didn't take the time to read any of the previous posts. Here's mine:</p><p><br /></p><p><br /></p><p><br /></p><p>Many banks will not take your CWR's and just disperse them to another customer. They are required by their policy to send them to the sorting company, ie: Loomis, to break those rolls open, count them, reroll them and then sell them to their member banks.</p><p><br /></p><p>Not only is it time consuming for the original depositing bank, but there are fees associated with this procedure. Forget the fees, that's their cost of doing business. However, to say the original customer wrapped roll deposit is an even exchange for their inventory of bank wrapped rolls is an oversimplification that just isn't accurate. The bank does lose the availability of the deposited customer wrapped rolls while the recounting, re-rolling and redelivery process takes place.</p><p><br /></p><p>The teller may not have explained it properly to the OP'er or quite frankly may not have even understood the entire process, but to say they need a different job is unnecessarily casting a pall of negativity on that teller.[/QUOTE]</p><p><br /></p>
[QUOTE="masterswimmer, post: 8075946, member: 102022"]I'm guessing you didn't take the time to read any of the previous posts. Here's mine: Many banks will not take your CWR's and just disperse them to another customer. They are required by their policy to send them to the sorting company, ie: Loomis, to break those rolls open, count them, reroll them and then sell them to their member banks. Not only is it time consuming for the original depositing bank, but there are fees associated with this procedure. Forget the fees, that's their cost of doing business. However, to say the original customer wrapped roll deposit is an even exchange for their inventory of bank wrapped rolls is an oversimplification that just isn't accurate. The bank does lose the availability of the deposited customer wrapped rolls while the recounting, re-rolling and redelivery process takes place. The teller may not have explained it properly to the OP'er or quite frankly may not have even understood the entire process, but to say they need a different job is unnecessarily casting a pall of negativity on that teller.[/QUOTE]
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