Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Roll Hunting
>
Dumping at TD Bank - Please Read
>
Reply to Thread
Message:
<p>[QUOTE="FmrFiatFollower, post: 1374866, member: 35871"]I agree with what you're saying. It's important to be courteous and understand the way the banking system works if you're going to sort coin. It's also important to know the regional differences because they really defer based on where you're at. </p><p><br /></p><p>I hunt halves in Washington and quite a bit in southern California. In Washington I use Bank of America, Chase and U.S. Bank. The only request the branch managers and vault tellers have is that I don't bring the coins back into their location. They will order me $10,000 as a maximum due to their coin safe size. In California I could only order $3,000 from each bank. I usually order $3000 worth from four banks and take them all back into one bank to return them. I re-rolled them for a year which took a considerable amount of time. I was really happy when Bank of America began offering me the poly bags they offer to their vendors. Now, I simply hunt and empty them into the bags. I refuse to use the coin-counting machines like Coinstar or similar services because it cuts into my profit margin. Unlike in Washington, the returns in California are amazingly simple - I go to a bank location whose main customers are small-mid sized businesses, these banks deal with transactions like this on a regular basis...so no raised eyebrows, no checking with the manager to see how to process the transaction, and to my surprise the funds were available in my account immediately as they treated it as a simple cash exchange/transaction. In Washington the money is sent to the vault and counted, then deposited and since there is a high turnover in tellers here, the new tellers have to run to their managers to find out how to do the transaction which can be time consuming.[/QUOTE]</p><p><br /></p>
[QUOTE="FmrFiatFollower, post: 1374866, member: 35871"]I agree with what you're saying. It's important to be courteous and understand the way the banking system works if you're going to sort coin. It's also important to know the regional differences because they really defer based on where you're at. I hunt halves in Washington and quite a bit in southern California. In Washington I use Bank of America, Chase and U.S. Bank. The only request the branch managers and vault tellers have is that I don't bring the coins back into their location. They will order me $10,000 as a maximum due to their coin safe size. In California I could only order $3,000 from each bank. I usually order $3000 worth from four banks and take them all back into one bank to return them. I re-rolled them for a year which took a considerable amount of time. I was really happy when Bank of America began offering me the poly bags they offer to their vendors. Now, I simply hunt and empty them into the bags. I refuse to use the coin-counting machines like Coinstar or similar services because it cuts into my profit margin. Unlike in Washington, the returns in California are amazingly simple - I go to a bank location whose main customers are small-mid sized businesses, these banks deal with transactions like this on a regular basis...so no raised eyebrows, no checking with the manager to see how to process the transaction, and to my surprise the funds were available in my account immediately as they treated it as a simple cash exchange/transaction. In Washington the money is sent to the vault and counted, then deposited and since there is a high turnover in tellers here, the new tellers have to run to their managers to find out how to do the transaction which can be time consuming.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Roll Hunting
>
Dumping at TD Bank - Please Read
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...