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<p>[QUOTE="gatzdon, post: 379207, member: 8247"]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....)</p><p><br /></p><p>Banks are also free to advertise fees and waive them for whatever customers they choose.</p><p><br /></p><p>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).</p><p><br /></p><p>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).[/QUOTE]</p><p><br /></p>
[QUOTE="gatzdon, post: 379207, member: 8247"]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).[/QUOTE]
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Excuses given to Bank Tellers.
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