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<p>[QUOTE="omahaorange, post: 2168003, member: 28199"]I do love these threads. You should probably read one of these sites:</p><p><br /></p><p><a href="http://www.themint.org/kids/how-banks-work.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.themint.org/kids/how-banks-work.html" rel="nofollow">http://www.themint.org/kids/how-banks-work.html</a></p><p><br /></p><p><a href="http://www.thesimpledollar.com/personal-finance-101-how-does-a-bank-work/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.thesimpledollar.com/personal-finance-101-how-does-a-bank-work/" rel="nofollow">http://www.thesimpledollar.com/personal-finance-101-how-does-a-bank-work/</a></p><p><br /></p><p>Banks are in the business of lending and investing money, and managing those accounts. They are not in the business of "selling" coins for face value. Why be a (...any word I'd put here would probably violate forum rules...) about it. Remember the bank is about making money, they are businesses just like any other. They are not government run, they are not public entities, they are private business who can (within the letter of the law) pick and choose who they do business with. Swapping a five dollar bill for 10 rolls of cents is not a business transaction. This is no different that asking a stranger on the street for change for a dollar. Some may reach into their pockets, or apologetically say they don't have the change. Some may very well tell you to (...again, no forum-friendly word...) off. The fact that the teller is in a stone building, behind a mahogany counter, and the stranger is on a park bench, makes absolutely no difference.</p><p><br /></p><p>Why plot revenge? Policy is what it is. You are not conducting business, you are asking a favor. What you said sounds more like what a teenage would say behind his parent's back when told he couldn't have the car tonight. See the difference? Why would they adopt this kind of policy? Maybe you're not the only one who does this, and it all adds up to one big pain in the rear (I can use this?) for them. For the record, it does cost them money to exchange coin rolls, including paying the employee to count and sort the rolls (you don't really think they trust you, do you?). The armored car and their employees also do not work for free. See where this is going...[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 2168003, member: 28199"]I do love these threads. You should probably read one of these sites: [url]http://www.themint.org/kids/how-banks-work.html[/url] [url]http://www.thesimpledollar.com/personal-finance-101-how-does-a-bank-work/[/url] Banks are in the business of lending and investing money, and managing those accounts. They are not in the business of "selling" coins for face value. Why be a (...any word I'd put here would probably violate forum rules...) about it. Remember the bank is about making money, they are businesses just like any other. They are not government run, they are not public entities, they are private business who can (within the letter of the law) pick and choose who they do business with. Swapping a five dollar bill for 10 rolls of cents is not a business transaction. This is no different that asking a stranger on the street for change for a dollar. Some may reach into their pockets, or apologetically say they don't have the change. Some may very well tell you to (...again, no forum-friendly word...) off. The fact that the teller is in a stone building, behind a mahogany counter, and the stranger is on a park bench, makes absolutely no difference. Why plot revenge? Policy is what it is. You are not conducting business, you are asking a favor. What you said sounds more like what a teenage would say behind his parent's back when told he couldn't have the car tonight. See the difference? Why would they adopt this kind of policy? Maybe you're not the only one who does this, and it all adds up to one big pain in the rear (I can use this?) for them. For the record, it does cost them money to exchange coin rolls, including paying the employee to count and sort the rolls (you don't really think they trust you, do you?). The armored car and their employees also do not work for free. See where this is going...[/QUOTE]
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