Lyrrad

Well, I think I'm done with this deal. My local BoA just told me to stop depositing there. I'll probably deposit the remaining boxes slowly at another (less convenient) branch, and not order any more.

Re: Shipment of two boxes arriving on different days
There have been cases where people have reported that two boxes arrived on different days, and they only got 1 tracking number. Keeping orders to $2500 max appears to prevent this problem.

chtrich

Did they say why? Usually it's because they've been charged some extra fees from their money carrier. Just see if you can pay some of those fees and work out a relationship with them to keep depositing.
Afterall, it is money.

Lyrrad

I was told that I filled their vault. I stopped using a different (smaller) BoA branch after the manager politely told me that they weren't equipped to take many deposits and mentioned the fees. I have to walk to the branches, and there are 3 more branches a few hundred yards further away that might be able to accept them, but it's not worth the hassle unless I know I can do it consistently. I could try opening an account with another bank, but my local Chase didn't accept them for deposit claiming that their vault was too small.

I called one of the next three BoA branches closest to me and they indicated that they just got a shipment because it was Monday and they also didn't have room in the vault.

gejone

I guess it depends on your time, energy and value you place the miles you receive. I opended a new free checking account a bank that has 40+ branches in the metro area, so I don't abuse any one or few branches with deposits. It's been my practice to never deposit more than $2,500 at any one branch and then they don't see me for 4-6 weeks. If the coins were a hassle I don't hear about it as it's been awhile since my last visit. My work schedule allows me to be flexible during the day so I may drive across town and make 4 deposits in a couple of hours. If I go into to branch that says they have to put them through a coin counter, I'll leave and go to a different branch. Sometimes I'll walk into my own branch and cash in $500 and then add the cash to my next large deposit at the other bank. I can see why if you ordered a number of boxes and always went to the same bank they might get upset. By "spreading the wealth", I've obtained a lot of miles, added a little to my gas bill and haven't made enemies at the bank.

Two of the branches told me they have customers who want the $1 coins and they have to special order them from the Fed. I told them I would be happy to bring some in every week. We'll have to see how that goes. FYI, if a vending machine company has machines on Federal property, to include the USPS, the machines have to give change in $1 coins. I don't know if that's law, policy or whatever, but one of the bank's customers has the USPS account at the local PO.

Yes, I am away of the CTR and never deposit more than $10K in a day.

craz

although I dont order 40 boxes at a time. for awhile after the limit was taken off the NAs, I had no problem as I was the only 1 in my area,never more then 1k per branch

now today as last week I hear the mgr saying what another deposit of them today. So all anyone needs is another person doing this at the same branches to foul it all up. In my case the person brought in 2500 each time

As more and more people get into it, Id expect the banks to either set a daily max and a low # at that or start to charge fees that will cover their expenses from the time a teller+ has to do all the work and the shipping it back. They will turn it into a profit center for themselves

Happy

Numerous cases reported, just go back to a page or 2 backward you will see the reported cases - apparently your 2nd box will come in a few days per the previous posts.

IAHtraveler

You don't go to banks just north of Houston, do you? It sounds like my pattern.

Agreed. However, I'm sure that as long as you live in a decent-sized city, you could find a few branches that will take 1k/week from you without fees.

toomanybooks

You're having the Mint truck/air 50 pound boxes of coins to you, driving them to the bank, and having them sent back to the Mint by truck and you are worried about the "waste" of a few tiny pieces of plastic?

broadwayblue

craz

thats not me, Im up in the NE at the other Hub area

the problem I feel is the NAs , no one wants them, seems they check each roll to see if any are the Pres

beats me why the branches simply dont brake some open and give them out in lieu of $1 bills

e_mcconnell

The coins are never sent back to the Mint. The Mint just makes coins... whereas the overall bank & Federal Reserve system is where the coins are typically held. If anything the coins are trucked to the local reserve building.

The Mint is purely a one way operation... they make the coins we use, but don't take them (except for typical defect/customer returns, etc.)

rc408

Thanks! I remember it happening before but all my orders of multiple boxes over the last few months have all come together.

toomanybooks

Yes, that makes my point totally irrelevant. Thanks.

thebat

See post 3013. It has a happy ending.

sharka

Just curious if I had to lug around 1000coins= $1000 dollars, anyone have a guess how much this will weigh? not sure if anyone had ever weigh these things.