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<p>[QUOTE="Burton Strauss III, post: 2346921, member: 59677"]It's not illegal and it's not unethical. The bank is a for-profit business and their purpose is to make money for the owners (shareholders). If they've found a way to reduce the costs of a necessary service for their customers (deposit of coins by commercial customers), it goes to the bottom line.</p><p><br /></p><p>If they just allow central office staff to paw through the coin counter rejects (more likely) and exchange 1-for-1, that's ok too (otherwise the bank has to return the worn out coins to the Fed, and takes a loss on the non-coins (foreign, washers, etc.) they accepted or charges it back to the customers). Again, cuts costs and this makes more $ for shareholders.</p><p><br /></p><p>I too question if there is enough return on the salary, benefits and sales costs of even a low paid employee...[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 2346921, member: 59677"]It's not illegal and it's not unethical. The bank is a for-profit business and their purpose is to make money for the owners (shareholders). If they've found a way to reduce the costs of a necessary service for their customers (deposit of coins by commercial customers), it goes to the bottom line. If they just allow central office staff to paw through the coin counter rejects (more likely) and exchange 1-for-1, that's ok too (otherwise the bank has to return the worn out coins to the Fed, and takes a loss on the non-coins (foreign, washers, etc.) they accepted or charges it back to the customers). Again, cuts costs and this makes more $ for shareholders. I too question if there is enough return on the salary, benefits and sales costs of even a low paid employee...[/QUOTE]
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