I have been bringing in my dumps to various branches of TD Bank with Penny Arcade. I am starting to get looks and some comments at branches. Someone mentioned me buying my own bags and putting halves in them and doing a deposit of the bag then they are counted at guarda or brinks then if there is a difference they debit my account later. Anyone doing this? I don't mind waiting and using the penny arcade for free but cashing in the amount of coins I process a week is a little overwhelming. So if I could at least dump halves in 1000.00 bags that I buy that would be better than 100.00 per whack with penny arcade.
The problem with depositing them as you mentioned is that they usually take some time to credit your account the amount that you deposited. I prefer instant cash.
The way I was told was they would post a deposit that day instantly for whatever I told them I had in bags then adjust later if needed based on what guarda verified.
Did that once with a US Bank...they took about two WEEKS to process the deposit. My advice? Find yourself a credit union with a coin counter.
Td bank has coin counters that I use currently. Some branches get a little pissy when I show up with a couple thousand in halves, couple thousand in dimes, and some random other stuff at a pop. It's stupid because it only takes a few minutes to process but they seem to hate dealing with changing the bags.
Perhaps they don't care for service charges and wear and tear on the machines they use for business customers. Unless you are a business customer, they do not owe you any thing. Attitude adjustment might help, or open a business account.
Desert gem- The penny arcade machines are set up and available in the lobby of many TD Banks all over. Anyone with any account is welcome to use these machines. Even non account holders can use the machines, but are charged a fee. They are even geared towards children bringing in money and guessing how much money you are cashing in for prizes. Anyone can use these machines, not business customers specifically. Attitude adjustment? Not sure what you mean.
You seemed to indicate that you felt they were reacting negatively towards you when they have to change the bags and that you thought it was stupid. They are using them evidently for public relations, but I am certain they didn't expect them to be used to an extreme extent. You should be happy they are allowing you to use them, regular account or not, as many have found they have been banned for doing so, unless they convert to a business ( paying ) account, and if they have negative feedback from customers and bank employees, not only yourself , but others could also be affected. Use them if allowed, but use good social engineering to maintain it for all, thank them , speak nicely.
Kinda going off topic now. This isint really what I was trying to accomplish. Some employees not all hate the coin machine, that's what they tell me as they walk up when there is a jam or a bag needs changing. I've heard it time after time. Most people outside CRH'ers dislike change altogether, so we are the odd ducks. What I said about being stupid is the attitude of employees towards the change counter. It is pretty simple system. I bring in boxes of donuts all the time. I even brought in tools to fix a hand cart at a branch last week. I'm about the most polite and helpful person that goes into the branches. I'm really trying to see if anyone has experiences doing deposits with coin bags, and what bags they are using.
I save all my change, and take it in bulk to my local bank, which is not a big national bank, but not a credit union either. Never a problem. Some bank employees are just lazy. It is easier to sit there than to get up, get out from behind the counter, do the job, and all the documentation required. Not to mention, the bags are heavy. I am curious where you get all the change you go through? I would like to do this, as I am retired, and it would also be something fun for my boys when winter is here and they get stir crazy.
Little hugger Couldn't agree with you more. Heavy bags and actually having to come out and do something out of the norm is about 99% of it. I stand there patiently and try to go at non peak times of days so not to burden the banks. I buy dimes and pennies at Td bank, and my local credit union will order me half dollars. Td bank can't order half dollars but will sell me some if they have a few in the tellers trays. But I do through 5,000.00 in half dollars each week and your not going to bump into that many from teller trays. I can get all the dimes and pennies I want from Td, but I also space out my orders between a few branches so they are not overloaded on delivery day. Most branches in my area get two shipments each week of coins. Bigger cities are more often and some rural branches are 1 time a week. I have known most of the branch managers for years and years so they don't mind ordering for me at all. Typically I dump at other branches.
At one time, I walked into a local bank looking for halves. The teller said they had them, and I asked for $160 worth. She made a very slight attempt to slide off her stool, then asked if I had an account, and refused me when I said no. She just didn't want to get off her stool. What is needed to get the banks to order things such as halves? For me, only halves and nickels are worth searching.
Definitely get an account at a bank or credit union that you want to get coins from. Being a member is almost a must I would say. Probably a credit union would be more willing to get you halves. At least this has been my experience. I also assured my credit union that they would never see the halves come back, which was a concern of theirs at first. Now it's just like clockwork.
There are some tellers that don't like to slide off their stool even if you had an account there - ever wonder why some of them have voluminous posteriors?
Banks pay fees to have rolled change brought to them. I'll guess they pay fees to send bags of unrolled change back. They don't like things that cost them money. With large amounts, they get picky with who they wish to help.
Idhair Yes definitely it costs the banks for the money for transfers in and out. I'm sure at some level they monitor this. Every commercial I hear about td bank is too come in with your change and use our free coin machines. So they are definitely pumping them up to be used. However I'm certain that I am using them more than most anyone around, but they don't have a limit on what you can bring in also. They are using them as a gimmic to get new accounts. One flaw in their system is it only allows for 100.00 worth of half dollars before they have to change a bag. And it has got to be some equation they have based on the likely hood of them in circulation? Because they have much heavier bags in the system with quarters, and they are all the same bags. They could easily up the amounts to 500.00 and it would help greatly.
I just went to a new td bank and there machine was set up to do 1,000.00 per bag of half dollars. Man what a nice surprise, that was easy, and really there is no reason why they can't update all the machines to process 1,000 per bag. Otherwise it's kinda a waste of bags.
