Taking your coins to the bank -- what's your story?
Feb 24, 2011, 6:05 pm
#140
Join Date: Apr 2001
Location: SC, AA MM, HH Silver
Posts: 741
I had my first experience depositing coins yesterday. I had $500 in coins. I got $250 in bills for a trip next week and deposited the rest. Teller didn't even ask where I got them. As I was leaving, I said I hope she didn't mind all the coins and she said "No, not at all". Hope I get her every time.
Last edited by Pat H; Feb 24, 2011 at 6:20 pm
Feb 25, 2011, 3:30 pm
#141
Join Date: Sep 2001
Location: Hyderabad
Posts: 4,843
During one of my earlier deposits at a bank, one of the managers jokingly asked if I had brought them any goodies, which I hadn't. Now every time I go there (once or twice a week) I take a small box of chocolate or something else fun. They are always happy to see me (they never gave me any hassle before I brought candy) and don't act at all upset when I have to make multiple trips to the car to bring in all the coins.
Another local bank started getting upset just with $1000 or $2000 a week, so I avoid that one now.
Now if only I could figure out how to get serious cash back and not just miles. The 5% AARP card looks fun, but Chase doesn't have virtual numbers so that limits the upside.
Another local bank started getting upset just with $1000 or $2000 a week, so I avoid that one now.
Now if only I could figure out how to get serious cash back and not just miles. The 5% AARP card looks fun, but Chase doesn't have virtual numbers so that limits the upside.
Feb 25, 2011, 3:45 pm
#142
Join Date: Feb 2009
Location: SEA
Programs: Alaska MVPG 100K, IHG Ambassador, Hilton Diamond, Hyatt Globalist, Marriott Titanium
Posts: 1,704
No offend to others, but back in the early days when we were all discussing how to respond when the bank asks about the source of the coins, we all agree that not lying is the key. The bank may file a SAR or LTR and write down whatever you tell them. When you get flagged (some here did), they would probably want to know why you lied to the bank. You can most likely talk yourself out of it, but you are just making yourself a more suspicious to the authority. Even if they don't file a SAR or LTR, when you keep bringing in the coins regularly (and most likely a larger amount every time), they probably will get suspicious, too, if you do not really tell the truth.
If you tell the truth and the bank doesn't like it, so be it and just go to another one. I have had different branches of the same national chain telling me different things. One branch would threaten me with charge and so (not that they could until they put it in the T&C, but I didn't want to make a scene and just leave). Another would "encourage" me to bring in as many as I have in the morning the armor truck comes in return for my donuts, pizzas, etc. Some tellers think I am crazy, and some tellers say this is smart idea and start doing it themselves. My point is just that there is absolutely no reason to lie.
If you tell the truth and the bank doesn't like it, so be it and just go to another one. I have had different branches of the same national chain telling me different things. One branch would threaten me with charge and so (not that they could until they put it in the T&C, but I didn't want to make a scene and just leave). Another would "encourage" me to bring in as many as I have in the morning the armor truck comes in return for my donuts, pizzas, etc. Some tellers think I am crazy, and some tellers say this is smart idea and start doing it themselves. My point is just that there is absolutely no reason to lie.
Mar 3, 2011, 7:03 am
#143
FlyerTalk Evangelist
Join Date: Feb 2009
Location: From ORK, live LCY
Programs: BA Silver, EI Silver, HH Gold, BW Gold, ABP, Seigneur des Horaires des Mucci
Posts: 14,216
The next quarter taxes were just due Feb 1 so on Jan 31 I took coins down there again and this time the clerk saw me coming and said NO COINS! That person who took them before was not supposed to!
I paid some by check and had a $300 bal because I didnt have enough in the particular check book I had with me so I asked how else to pay. She said CASH --like GREEN MONEY ONLY!
I paid some by check and had a $300 bal because I didnt have enough in the particular check book I had with me so I asked how else to pay. She said CASH --like GREEN MONEY ONLY!
Mar 3, 2011, 8:28 am
#145
FlyerTalk Evangelist
Join Date: Feb 2009
Location: From ORK, live LCY
Programs: BA Silver, EI Silver, HH Gold, BW Gold, ABP, Seigneur des Horaires des Mucci
Posts: 14,216
So you're telling me that a city can issue you a property tax bill, you show up at the office/court/whatever with cash (in whatever form) to pay it, and they can refuse it? How are people supposed to pay then? There is no US law saying all citizens must have a checking (current) account and a credit card, and I am sure that there is someone somewhere who doesn't.
Mar 3, 2011, 8:29 am
#146
Join Date: Jun 2010
Location: BOS
Programs: Continental One Pass
Posts: 96
So you're telling me that a city can issue you a property tax bill, you show up at the office/court/whatever with cash (in whatever form) to pay it, and they can refuse it? How are people supposed to pay then? There is no US law saying all citizens must have a checking (current) account and a credit card, and I am sure that there is someone somewhere who doesn't.
Mar 3, 2011, 9:01 am
#147
Join Date: Aug 2002
Location: MCI
Programs: AA LT Gold; BA Silver; Hilton Diamond
Posts: 3,081
But if they agree to take cash, can they restrict the form? I seem to remember a flap about toll-takers on the Garden State Parkway in NJ refusing to take pennies and don't remember how that turned out.
Mar 3, 2011, 9:24 am
#148
Join Date: Jun 2010
Location: BOS
Programs: Continental One Pass
Posts: 96
Yes anyone can restrict the form. I grew up in the NYC area. There were always signs that said no pennies please. I'm sure they took them, but they have the right to say no. You'll often see signs in places like fast food restaurants that ban anything higher than a $20 or $50. Does a soda machine have to take a $100 bill?
Mar 3, 2011, 9:33 am
#149
Join Date: Nov 2009
Location: FAI
Programs: Delta FO
Posts: 50