Marathon Man

roads and sidewalks in MA are certainly compliant of nothing, what, with all the potholes we get here!

That said, I can tell you that when driving about seeking out unsuspecting tellers at unsuspecting bank branches in far off towns, 1,000+ LBS of coins does a freakin numbah on your fuggin shocks, dood! Go Bruins!!

sunk818

I hate it when you walk in with a hand truck and the bank thinks you're going to rob them instead of deposit money

Marathon Man

I have said this before: One day some jerk is going to bomb some building with small C4 packs that look like these boxes of $250 and we now wont be able to like bring them in banks because of security concerns or something.

Anyway, hoping that never occurs... My funny feeling all the time when in coin mode is when I drive to a bank and think of how I'm "hitting a bank today" and what I mean is that I am DEPOSITING money, whereas if I had said that phrase in like 1920, I would be saying I am robbing them.

elkhornne

I just came from there and no mention to me.

Marathon Man

I have had banks tell me their trucks want to charge a fee and would know the acct number of the coin depositor. None was ever assessed. But their tactic worked: I never brought that branch another coin.

I have had a bank branch call me 3 days later and tell me I was short $70. I called them out saying it should be $50 or $75, but since the teller took all boxes and counted rolls from their tops without taking any out, there's no way it could be $70 unless the loss occurred after they left my hands and entered the other side of the counter. So they backed down and gave up their quest to pay tellers time for cracking and bagging these.

I have had branches tell me they have no safe space and they cannot take quantity.

I have been to branches months later and had tellers tell me they still have some coins left over from when I came in before.

I had one branch manager ask to meet with him in his office and he told me the bank thinks I launder money if I do this too much --especially if I deposit X and take out X. He then said to only bring in $1k per month and that I have to bag it myself. That same bank has several other area branches and they all take the boxes no problem.

I have had other branches tell me: no problem, bring in your coins. Whatever.

it just depends on who is working there. And it matters not if you know them. It is just up to the dynamic of that branch.

aviators99

I would not let them get away with that. They must disclose all fees in writing, and it must be for all customers of that account type, by law. I would ask them to show it to you on the fee schedule.

Marathon Man

oh I very much agree with you here but what I think I have run into on occasion are lazy people on power trips (and often times, coincidentally rather overweight) who do not like variations on the job.

As well, they seem to be willing to find ways to make the rules work for them and their needs, and hide behind security and bank clout to make it happen. Like us, they tend to be more willing to find the way to change the game than to play by the rules as most people might, so how can I complain?

And if I did step up and demand things, this might send flags which could later hurt my efforts to deposit at all.

I will say that an attempt to make a sizable deposit at one particular bank in my area may have resulted in a policy change that affected at least 5 branches near me of that same bank. I can still bring in coin but I have to bag them myself and wait a week to get credited. So I just drive further out to different branches of this same bank and bring in boxes no problem.

Seems the 'policy' was only instilled to STOP me from getting whatever the bank manager perceived I was getting out of doing all this.

As I have stated here many times before, I find the two main reasons we get stopped in this sort of thing are:

1) someone perceives you as getting something and they want a piece but if they cannot get a piece, they need to stop you

2) someone thinks you are doing a scam and even if you can prove you are not, they can use this as the reason stop or delay you, because they somehow get off on this ability.

power and control.

xp0

Yeah I was just told today by a bank manager that they need to hire a special courier and truck to take all the coins I bring them and he is going to need to evaluate the deposits to see if its worth it. I said .. No problem, just let me know. Until then I will deposit coins in that bank (which because of the mint is A LOT slower then normal to that, since its a "spare" bank). If its a problem, there are plenty of other banks that will take them.

TexasYankee

Seems that this is a regional deal ... I recall that when I first started the presidential meetings Wells Fargo had an area conference call to discuss how to handle this ... As others have posted i may drive to other areas and see if it is true.

Any other friendly banks to suggest?

jamesteroh

If RBS has any branches by you they are great to deal with. They don't give me a hassle at all. Sometimes when I bring in a big deposit of them, they will ask me to hold off a couple days before I bring in my next deposit (they will give me a date) so they have room in their vault or to take them to another branch.

If you know the relationship specialist at the place your company banks, use them as well. I do most of my banking with RBS, and our firm has a banking relatinship with them and another bank. To help ease RBS, I started taking coins to the other bank and was just exchanging them for paper currency and depositing that at RBS. after a few times of that, I was told I would have to unroll the coins and put them in a coin bag and they would be sent to their vault to be ran through their coin counter and my account would be credited in a couple days. Then I was told that there would be a 2.5% service charge for a coin deposit. I placed a call to our relationship specialist at the bank and the next day I received an email from his administrative assistant ccing the manager that was giving me a hassle, stating that if I wanted to bring in the coins in a bag with a deposit slip there would be no fee and if I wanted to bring them in wrapped the branch would either immediately credit my account like any cash deposit or exchange it for paper currency

TexasYankee

Thanks! I also have the local branch checking on business accts and why I have to unwrap ... if wrapped as they come from the mint then they would not have to count them and incur a charge ..? What about the business owner of the car wash and laundromat ... they will love that new charge.

MojaveJack

I made a deposit to WF on 27 May. No problems what so ever. I'll have to see what happens next time. As has been posted, I suspect your branch doesn't want to deal with them and is giving you an excuse for you to take your business elsewhere.

MojaveJack

For circulating coins, the US Mint is in Philadelphia and Denver.
For proof coins, in San Francisco.
For gold coins, at West Point.

There is no facility near DC (unless you consider Philly close).

FlyingHigh20

Has nothing to do with power and control. You may not be "scamming", but you are clearly defying the program in the spirit it was meant for. You are depositing the coins and not using them, and based on your own admission in the past, purchasing far more than $1000 every ten days by using Citi Virtual credit card numbers. And now you are lying to each branch when they ask you how you obtained the coins. Do you see how ridiculously far you've taken this?

Perhaps this bank is doing nothing more than "getting off" on the idea that they are stopping you from defying the terms of the program.

Marathon Man

OK, I've seen you 'round these parts before stirrin' things up... I'm gonna reply to this once...

First of all-ly. 99% of the banks (hopefully) have no true concept of the 'terms' of said program nor do any of us in here plan to enlighten them, but even if they did, those terms can, as you know from reading every post in here, be interpreted in many many ways. As for the bank getting off on anything... that's what I'm saying: they may be getting off on their ability to stop someone from doing this stuff, and you have thus agreed with what I have said above, so there we go.

You see, whether I think I am scamming or not, and whether I really am scamming or not--or whether you or any other person in here is scamming or not, is not really the big concern. It's if the bank or its employees thinking that I am scamming them at the time I bring in my coins that would count. That's what matters. And they have the power to stop it or delay it. In most cases, as many have found upon walking into a branch, whether you are nice or pushy, they are going to react similarly: Oh dear... um what have you got there, coins? There's a reaction that's not the same as say, the guy at the next window depositing 3 checks for $30 or the lady on the other side asking for a new book of checks.

And for that moment, even a lowly teller also now has the power and control to stop a bloke like you or me when we are walking in with $x thousand dollars in currency! It must feel a bit... special for them even for the moment. That's what I'm talking about above.

Of course, they ought to look... after all, this IS often a lot of currency and so there's an obvious security issue. But once it's determined a mere deposit into an existing account holder's account is being done, it's a little easier on everyone there. We 'hit' these banks with our coins, but we bring IN money, not just take it out.

Nevertheless, many people (even bank people--and perhaps especially bank people) sometimes like to have power and control for a moment and it gives them a rise. Many sometimes seize it from other people, and the apparent 'fall' of that other person is exactly what gives them the very rise they seek. If they can discover it, they often like to witness someone NOT get what they want in order to feel this sensation, even if it's temporary. And so when it comes to dealing with thousands of dollars, if someone can see you or me NOT get to do a transaction we planned to do with that kind of money, it would be a perfect example of this phenomenon. It'd be like if you could somehow take down Trump--even for a moment. Stop the guy who seems to think he's got it all. Know what I mean?

Yeah, I know you know exactly what I mean.

Now, onto the other junk you speak of...

~van=per cc/10. C'mon bright eyes, you know that. No need to even bring that crap up anymore--read the thread's 24204820402 pages! You are wasting peoples' time by bringing it up over and over and attempting to psuh new blame on any given poster--namely me in this instance. End of story on that one.

~How far to take it? Til it ends on its own volition, and/or til the day all banks collectively decide to never accept these things again. Am I the reason for that day? No. End of story on that one.

~I owe neither you nor anyone else in here any speckle of supposed morality or ethical points in explaining myself or my method or my means, just as you owe me nothing in return in this area. We try to do what we think works/is as right as we feel we need to be, but in the end, it is what it is and no two posters are going to be exactly alike. Live with it mate and move on!

It's kinda like having to 'temporarily' get along with the person in the seat next to you on a 5 hour flight! There's honestly no point in debating that ethics stuff either, unless you 'get off' on prodding posters to see how they will react to accusations or supposed flaws in their character. Furthermore, no one in here needs is another preacher to tell them what they are doing is wrong--especially if it's someone who has obviously done the exact same things as everyone else in here (after all, in order to still be on this thread this far into it, one would have to have done it all)

So I suggest we end the argument you seem to wish to begin before the MODs get involved. Remember what Aviators99 said when he reopened this thread!

I'll respond no further to anything I see as an attack, and to be honest, if you are attempting to attack me or anyone else in here, then it is you who is going against the spirit of THIS program (FT's program) in so doing. So thank you very much and enjoy your miles and points too!

End of story on that one!

NEXT?!

MM