Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
#2641
Join Date: Jan 1999
Location: St Paul 02/04...not flying Delta
Posts: 2,324
As I made a deposit last Friday, the teller at my local SunTrust bank told me that beginning July 1 (today), there would be a handling charge of $5.00 per 2000 dollar coins, to offset their Brinks charges. She said it was discussed in a meeting they'd had, but it seemed to be a policy that was being applied much more broadly than just locally.
I'd be interested to hear if any other SunTrust customers have encountered this new fee (or not).
Even with the fee, $12.50 for 7,000 Skymiles and 2,000 MQMs (what I earn for a $5,000 charge on my Delta Amex) is probably worth doing, but I just called a branch of a new regional bank near my office and they said there'd be no charge for large coin deposits. So when I get my next delivery I'll use it to open a checking account there.
I'd be interested to hear if any other SunTrust customers have encountered this new fee (or not).
Even with the fee, $12.50 for 7,000 Skymiles and 2,000 MQMs (what I earn for a $5,000 charge on my Delta Amex) is probably worth doing, but I just called a branch of a new regional bank near my office and they said there'd be no charge for large coin deposits. So when I get my next delivery I'll use it to open a checking account there.
#2642
Join Date: Dec 2008
Location: DC and Texas
Programs: Delta,SPG, Hyatt
Posts: 543
CXXXE is letting me pay my mortgage at a local branch with coins.. made my first mortgage payment today! Sweet. Finally a way to profit from my monthly mortgage payment on top of my deposits...
-cheers
-cheers
#2643
Join Date: May 2008
Programs: AA PLT 2MM
Posts: 2,026
Of course... this is all ... IMO....
#2644
Join Date: May 2009
Posts: 133
i ordered 500 N/A lol and thehawk read this post and lost a hair
ordered 6/26 delivered 7/1 looks like it's back in action...and did use overnight
ordered 6/26 delivered 7/1 looks like it's back in action...and did use overnight
#2645
Join Date: Mar 2003
Location: Independence, MO USA
Programs: AA LT Gold & Marriott Gold
Posts: 275
I agree with thehawk75 on posts that don't contribute to the process. Before you make a post that is redundant, go back to page 1 and start reading. Numerous FTer's have written this thead is so long it's overwhelming to try and figure it out, and member's keep adding comments that don't add to the discusssion except to say "me too". Yes, we're all free to make posts, but please add to the discussion. All said IMO.
#2646
Join Date: Sep 2004
Location: (not Montana. Nor is my name really Helena, nor am I female)
Programs: Delta, USAirways, Starwood, Priority Club, Marriott, Amex
Posts: 2,557
I don't bank with SunTrust, but to be legitimate, the fee would need to be in the Fee Disclosure: https://www.suntrust.com/portal/serv...l_services/885
I checked one (for FL) and didn't see such a fee listed.
I checked one (for FL) and didn't see such a fee listed.
Interesting question about $1999, too. I asked them if 5000 coins would be assessed at $10.00, $12.50 or $15.00, and the teller said she didn't know and would have to look in more detail at the letter that imposes the new fee. Even if fewer than 2000 coins would not trigger the fee, I'm not sure I want the hassle of having to make three separate deposits on a 5000 coin order.
#2647
Suspended
Join Date: Dec 2006
Location: USA
Programs: All major programs
Posts: 1,403
I read somewhere that AMEX has stopped giving points for such purchases. Can somebody please post their recent experience(s)? Thanks.
#2648
Join Date: Dec 2007
Location: PDX
Programs: AA,DL,BA,UA,SPG, and any other free trip!
Posts: 1,803
wrong
AMEX Gold SkyMiles Card
June 26-09- purchase -Category: Other - Government Services
#2649
Join Date: May 2008
Programs: AA PLT 2MM
Posts: 2,026
The memories of last week:
http://www.flyertalk.com/forum/11961889-post2540.html
So... where did you 'read somewhere' this anyway?
#2650
Join Date: Dec 2007
Location: PDX
Programs: AA,DL,BA,UA,SPG, and any other free trip!
Posts: 1,803
Key Bank Update
Just returned from Key Bank branch here in PDX. As I was waiting in line to deposit my coins, the branch manager approached me with a " I got your ... now" smile and introduced herself, while I was at the teller window, and inquired about my deposit activity. I told her why I was doing it and she said she has to check with her manager regarding costs, because It costs them money to take it out of the bank ( I don't understand that one).
First of all, I think she is out of line for approaching me in public and inquiring me about personal activity, and secondly, I think she is going to try to come up with some bogus tactic to avoid me from depositing anymore coins at this branch.
The game is afoot!....I think if enuff of these 'camp kommandant branch managers' complain, the banks will relay those complaints to the Mint and they will nip this one in the bud........lazy b@stards
First of all, I think she is out of line for approaching me in public and inquiring me about personal activity, and secondly, I think she is going to try to come up with some bogus tactic to avoid me from depositing anymore coins at this branch.
The game is afoot!....I think if enuff of these 'camp kommandant branch managers' complain, the banks will relay those complaints to the Mint and they will nip this one in the bud........lazy b@stards
Last edited by mrx900; Jul 2, 2009 at 12:21 pm Reason: im just too pisst off right now
#2651
Join Date: Feb 2009
Posts: 73
Purchase being declined
Has anyone ever been declined purchasing this coins? So far, Mr. Eagleswings, my sis and I used 3 different accounts to purchase the coints. For the past 1-2 monts, we have made several purchases without any issues but for the past week, I got declined twice! Reason was exceed limit. How do they decide to decline purchases? Based on what? For every account, we never purchased more than 2 per presidents.
Can anyone help? TIA
Can anyone help? TIA
#2652
Join Date: Mar 2003
Location: Independence, MO USA
Programs: AA LT Gold & Marriott Gold
Posts: 275
Just returned from Key Bank branch here in PDX. As I was waiting in line to deposit my coins, the branch manager approached me with a " I got your ... now" smile and introduced herself, while I was at the teller window, and inquired about my deposit activity. I told her why I was doing it and she said she has to check with her manager regarding costs, because It costs them money to take it out of the bank ( I don't understand that one).
First of all, I think she is out of line for approaching me in public and inquiring me about personal activity, and secondly, I think she is going to try to come up with some bogus tactic to avoid me from depositing anymore coins at this branch.
The game is afoot!....I think if enuff of these 'camp kommandant branch managers' complain, the banks will relay those complaints to the Mint and they will nip this one in the bud........lazy b@stards
First of all, I think she is out of line for approaching me in public and inquiring me about personal activity, and secondly, I think she is going to try to come up with some bogus tactic to avoid me from depositing anymore coins at this branch.
The game is afoot!....I think if enuff of these 'camp kommandant branch managers' complain, the banks will relay those complaints to the Mint and they will nip this one in the bud........lazy b@stards
I did pick up a tip yesterday, the bank coin machines are having a hard time with dollar coins. One bank took my rolls as they knew there was a problem and they didn't want to deal with the coin counter. From the comments I heard it wasn't just their machine, but a problem with all of their machines.
#2653
Join Date: May 2009
Posts: 133
Has anyone ever been declined purchasing this coins? So far, Mr. Eagleswings, my sis and I used 3 different accounts to purchase the coints. For the past 1-2 monts, we have made several purchases without any issues but for the past week, I got declined twice! Reason was exceed limit. How do they decide to decline purchases? Based on what? For every account, we never purchased more than 2 per presidents.
Can anyone help? TIA
Can anyone help? TIA
so just order Native Americans, no limit whatsoever now on those
#2654
Join Date: Mar 2003
Location: Independence, MO USA
Programs: AA LT Gold & Marriott Gold
Posts: 275
Has anyone ever been declined purchasing this coins? So far, Mr. Eagleswings, my sis and I used 3 different accounts to purchase the coints. For the past 1-2 monts, we have made several purchases without any issues but for the past week, I got declined twice! Reason was exceed limit. How do they decide to decline purchases? Based on what? For every account, we never purchased more than 2 per presidents.
Can anyone help? TIA
Can anyone help? TIA
In the last couple of weeks the Mint has started enforcing their 2 boxes per President rule. The good news is they took the 20 box limit off of the NA's. To test that policy I ordered 40 NA's and received them with no problem and still got free shipping. Unless you want the Presidents for some reason, I wouldn't worry about the change, just order NA's.
#2655
Join Date: Dec 2007
Location: PDX
Programs: AA,DL,BA,UA,SPG, and any other free trip!
Posts: 1,803
initially thats what i did and started noticing limits set on how much I could order....then no more after i checked out at as guest