Originally Posted by
jpripcord
So I walked into my TD bank this morning (hard for me to do this on weekdays as I'm in work before banks open and get out after they close). The teller at the bank said that all coins had to be unrolled and put into the machines.
I had 3K in coins and I was not about to sit there an unroll coins
I live in NYC and there is a Wells Fargo, Chase, and Capital One all within a block from me (Didn't go to any of these banks because they weren't open on Sunday).
I just read the last 10 or 20 pages of this thread and didn't see any advice for "coin friendly banks". I'm happy to open an account at one of the banks mentioned above if I knew they would accept my coin deposits every few weeks. Any advice for a good bank chain?
Try Royal Bank of Scotland, they are GREAT about accepting the coins if you have a good relationship with them. I think they actually operate at RBS in NYC but they could operate as Citizens or Charter one.
When I first started oding this they LOVED getting the coins. They had a retailer who wanted them, but the bank would only sell him what they received in (which wasn't much until I started doing this) because ironically the mint charged them a pretty penny to order the coins in bulk. That's the federal government for you, they eat credit card fees and shipping so people like us can earn miles to get the coins in "circulation" but charges a bank to order them for a client that actually uses them
I am obvously giving them a lot more coins than they need now and it's a standing joke with the one teller and me that everytime she sees me come in she looks over the counter to see if I have a box
I'll have to get all the girls there gift cards for Christmas as welel as the sweet lady that works at the post office counter
Sometimes they have problems with vault space and they will ask me to hold off xxx days till their vault is cleaned out and on those days I jsut go to another bank we have some commercial accounts with and trade the coins in for currency and take the currency to RBS to depsoit.
I also deal with RBS investments for a couple investments and have used them for that purpose as well with no problem.
Personally I would rather use a coin counter like TD has. I know it takes a little longer, but you won't be upsetting any tellers and risk having them tell you the coins won't be accepted.