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Legality of banks opening up their coin counting machines
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<p>[QUOTE="Dougmeister, post: 2513439, member: 56842"]I had a pretty sweet deal with a local credit union. I would go in every week and they'd open up their coin counting machine. It is the "spinning disc with narrow chute and strong magnet" type, but different than a CoinStar. I would donate all Canadian coins to non-profits in upstate New York, etc. and they'd let me keep the rest.</p><p><br /></p><p>Then today, the lady tells me that "the Guy" who cleans/empties/services the machine every week asked her why it was empty. She told him and he said that they weren't allowed to do that.</p><p><br /></p><p>I understand that the Coin Machine Company "owns" the machine and the bank/credit union is simply renting/leasing it.</p><p><br /></p><p>However, the bank/credit union obviously has a key in case someone wants to retrieve something that they legitimately put in by mistake, to clear jams, etc.</p><p><br /></p><p>This leads to my question: <b>who actually owns the coins that get caught in the magnetic reject catcher?</b></p><p><b><br /></b></p><p><b></b>[/QUOTE]</p><p><br /></p>
[QUOTE="Dougmeister, post: 2513439, member: 56842"]I had a pretty sweet deal with a local credit union. I would go in every week and they'd open up their coin counting machine. It is the "spinning disc with narrow chute and strong magnet" type, but different than a CoinStar. I would donate all Canadian coins to non-profits in upstate New York, etc. and they'd let me keep the rest. Then today, the lady tells me that "the Guy" who cleans/empties/services the machine every week asked her why it was empty. She told him and he said that they weren't allowed to do that. I understand that the Coin Machine Company "owns" the machine and the bank/credit union is simply renting/leasing it. However, the bank/credit union obviously has a key in case someone wants to retrieve something that they legitimately put in by mistake, to clear jams, etc. This leads to my question: [B]who actually owns the coins that get caught in the magnetic reject catcher?[/B] [B] [/B][/QUOTE]
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