Wells Fargo Getting Rid of Coin Counters

The guitar picks are probably worth more than whatever coin they were replacing.

 

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Your experience with WF certainly differs from mine but certainly obviously no less valid. I never had coin rolling machines so I always re-rolled my coins in the original wrappers. I got good at it after a while. It's just as easy to re-wrap them opening only one end of the roll as it is to dump them. WF is horrible though. They, to me, represent everything a lot of everything that's wrong with the massive 'smash and grab' mentality exhibited not only there but in many other large corporate conglomerates. They just happen to be particularly brutal in some of their practices than the average corporate rapist. That will lead to their eventual demise I think (or at least I certainly hope so).

 

I purposely avoid dealing with tellers because many have an attitude problem, which is understandable because they are lowly paid and put up with the jerks of this world. It is easier to use online banking and bring accumulated coins to the banks counting machine. Actually, I have gotten into the habit of using up change as I get it so don't use the machine anymore. I haven't done coin roll hunting for many many years, although I read the posts of them who do, with interest.

 

The attitude is indicative of the corporate mentality and not likely to change. You can't blame the poor slobs that are forced to perform slave labor there.

 

I think they gain the attitude from the jerks they have to deal with.

 

That's probably true too.

 

Where I live (near Portland, OR, as some of you probably know) there are no coin counting machines.

Coin counters (free ones) are regional and are becoming even more so, and soon they will probably disappear so we will just have to stick with re-rolling.

Sorry, but it's the truth.

 

Oh, please. I don't know what they're like where you're at but I've been treated with courtesy and professionalism by every Wells Fargo I've been to from Oregon up to Alaska, California to Iowa and everywhere in between all the way to the east coast. Twenty-eight states in all. This includes the various employees I may encounter from the door right up to the tellers. Slave labor, really? Get a grip.

 

Slave labor. Your results may very. WF is one of the worst examples in mine and many other folks experiences. They're absolutely horrible.

 

I'm getting tired of your referring to this company as slave labor. If your hostility towards Wells Fargo stems from their making phony accounts, it's time to get over it and move on. Wells Fargo made a mistake. The now former CEO has apologized and the new one is working hard to make things right with those who have been affected.

 

Your results may very. WF is one of the best in mine and many other folks' experiences. They're just great.

So where does that put us?

 

I for one am no big fan of the fake account thing, which said must be directed to an upper management team that is largely out of the picture now. Nowadays I only deal with two commercial banks, local and a state bank. Both have counting machines and both charge for the inconvenience of using them. I am a member of four credit unions, three of the four have no charge counting machines. They are a privilege, not a right and I treat them that way.

Now back to banks, as far as miserable customer service, Wells Fargo would actually not be near the top - the main contenders especially would be TD(Toronto Dominion) Bank and to a lesser extent Bank of America.

 

PUTS YOU UP S CREEK.... WITH A GUITAR PICK...

 

From my dealings with many banks, I would add Chase as one of the worst. To be fair, service will differ from branch to branch and from day to day.

 

Credit unions are much better than banks. Low to no fees, and better service.
Ours gives us back money every year, (member rewards) sort of a profit sharing thing. I had a Wells Fargo acct at one time, because I needed it to get a wire transfer when the whole online poker world was collapsing, and I didn't want to give out account information on my main account. So first they make me open up 2 accts when I only needed one. Then, they made me transfer $50 a month from one acct to the other, to avoid paying any fees. OK, I did this, and I got my poker money out of the internet abyss. One day I notice a $10 fee so I asked them what was going on. I forget the explanation (low activity?)(which was BS because I was PROMISED there would be no acct maintenance fee.) But they said I could avoid that fee if I opened ANOTHER account linked in with my other two. I immediately closed my acct and withdrew all of my funds.

 

My bank, SunTrust (Florida) still uses them.

 

In my rural area the banks charge a fee for use of their counting machine, the charge being dependent upon client/deposit or not. They suggest use of a commercial counting machine available at Walmart, which I'm told charges 17% of count.

I used the Walmart personal checkout machines for some time to dispose of my change, but they now have converted all but one machine to "cards only".

The local vendors have elected to round all totals so cents are no longer exchanged.

I believe, as many have advocated, that a cashless society is in our future, with a possible exchange/accounting for cash. We have recently seen similar action (e.g. http://www.worldatlas.com/articles/which-are-the-world-s-most-cashless-countries.html ).

JMHO

 

Is that even legal?
I was able to get rid of quarters via Walmart self checkout, but their machines are very very slow accepting each coin before moving on to the next, otherwise it would jam. I have been using Smith's once or twice a week the machines accept the coins much faster, so I get my orange juice for 5 rolls of pennies. I know my count is 100% accurate, but I don't want to dump 5 rolls on a cashier.
I didn't like the idea of buying boxes of coins, and then dumping them elsewhere.
I got rid of my quarters and nickels very easily, and the pennies are almost gone.
The financial institutions have to PAY more for a box of coins that they are selling to you at face value, and CRHunters are forcing them to implement fees for buying rolled coins and using coin counting machines.

 

@TommyP - I'm not so sure I'd agree with the term "slave labor" either, but having been an employee of a regional bank where I was not trained to do even some basic functions of a bank teller (seriously, training was supposed to be 6 weeks and they cut us loose after 1.5 weeks, even though I and the other teller who was training both communicated that we did not feel comfortable with most of what we were supposed to do.) Bank didn't care - wasn't going to waste time teaching us anything related to our jobs. But I had the right to leave when I wanted to (I did.) They did spend most of their communication with us (once we were out in a bank) trying to push harassing customers to sign up for products they did not need. The customers hated it, we didn't understand the details of the products we were tasked with pushing, and it was the only thing corporate seemed to care about.

@NOS - I will definitely disagree with you on the term "mistake." This was an intentional, calculated decision by the leadership of Wells Fargo to create fake accounts in order to fudge the companies' numbers to make the stock price go up. That is fraud, not a mistake. A mistake is "we counted your deposit incorrectly" or "we spelled your name incorrectly" or "a page on our website doesn't work or has typos." A mistake is unintentional. The CEO only semi-apologized after being reamed in Congressional hearings, and had Congress not gotten involved, it would still be business as usual at WF. Don't portray it as "the CEO realized the error of his ways and apologized and made everything right at the company's expense." EDIT: Also, I forgot to add that when certain WF employees discovered the fraud and reported it, they were immediately terminated and escorted from WF property. Getting caught and being forced to admit your fraudulent activities is not an apology.

 

Currency in the form of "coin" for a bank is a pain. Customers with coin other than commercial merchants that pay for currency services are a nuisance.Would not be surprised if the machines were removed to encourage the customers to take their business elsewhere as a cost cutting move.