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View Full Version : off to the bank with my loose change!


Happiest mommy
10-15-2010, 11:34 AM
Hi all just wanted to know how many of you guys fill up jars of loose change and then go to the bank and get cash back? this has really worked out for us as we acumulate a ton of change and put it towards bills:thumbsup2

Mickeypooh99
10-15-2010, 11:42 AM
I never can seem to make it to the bank when it is open. I fill up jars of change, and take it to the coinstar machine at our grocery store. I get back amazon gift cards that I put onto my amazon account. Then I use it to help with the Christmas shopping. :thumbsup2

Happiest mommy
10-15-2010, 11:55 AM
TD Bank is open late:thumbsup2

Swimalie
10-15-2010, 11:58 AM
I go every year on Dec 31st (or as close as I can) with my now 5 year old and we turn it in at our bank which lets us count for free. It's all the coins we have collected over the whole year. Shows him what it is like to save and he has fun using the machine.

merrily
10-15-2010, 11:59 AM
We recently cashed in change. In a few years we has accumulated almost $2000. The people at TD Bank had to keep changing out the coin bags in the coin counter! If you faithfully throw whatever change is in your pocket at the end of the day, it really adds up.

Happiest mommy
10-15-2010, 12:15 PM
$2000 wow:thumbsup2 we usually have $300-$400 :banana:

Sleeping*Beauty
10-15-2010, 12:23 PM
I don't know if my bank would just take a jar of change. I usually roll my change. That's half of the fun for me.

GoofyGolferGirl
10-15-2010, 12:29 PM
We have a big water jug like they use in an office and it is almost full I think we are going to use the money for vacation! Can't wait to see how much is in it!

mollybug2
10-15-2010, 12:39 PM
We have a special piggy bank for all change and sometimes my husband throws a bill or two in there. We go to the bank to cash it out once or twice a year, and usually get $300 or so. It is fun!

marcemc
10-15-2010, 12:47 PM
My boys have a piggy bank and they put all their money in there. Bills or coins, makes no difference.

A week before black friday we take it to the bank, they keep 25% of whatever the amount is (usually around $200) and take the rest to buy toys for kids in need. Then they see what promotions places like Target & Walmart would have on toys, they make a list and send my DH @ 4:00 a.m :lmao:on black friday to get the toys. We wrapped them up and take them to the local rescue mission place.

We like this family tradition.

Happiest mommy
10-15-2010, 01:43 PM
marcemc :thumbsup2

PatsMom
10-15-2010, 01:50 PM
We have a Mickey jar that my husband and I both throw our silver change into. Pennies go into a separate jug. The pennies my daughter takes to the coin machine and gets an Amazon card right before it is time for her to buy her textbooks. The silver we cash in once a year for spending money on one of our Disney trips. We usually have around $400.

andrews_dad
10-15-2010, 01:57 PM
My bank has free coin coining machines. It is great. Dump in your jars of coins, it prints out the exact amount of each coin put in and the total. Take to counter to get cash back or to deposit it. When we did a fundraiser for our school, we collected over $2000 in ALL pennies for a penny war. The staff was great about changing bag after bag of filled penny containers. The bank manager even brought out a rolling cart to help us bring in from car. Metro Bank in Central PA... used to be Commerce Bank of PA.

Jaime4004
10-15-2010, 02:06 PM
We just cashed in $200 from our change jar for our trip next week. :banana: Of course, we also ended up with canadian money, euros, bingo chips, and assorted other objects that DS2 probably deposited into the jar...

zacem'smom
10-15-2010, 02:14 PM
We have an old Jack Daniels bottle that we fill. When it is full we dump iit into an ice cream pail (Disney fund)! We willl use it for spending money on our trips or airfare. Being a hair stylist I take my tips in five dollar increments and cash anything under into quarters. So between one to four dollars a day!! It adds up pretty fast and this way my husband can't complain that we have another trip planned.

Fly4free
10-15-2010, 02:42 PM
We also like to cash in our collected coins before a family vacation. It's amazing how all that spare change adds up!:thumbsup2

The kids also know before we go to Disney to keep some nice shiny new pennies and also some quarters for the souvenir penny machines. :laughing:

MissBritt
10-15-2010, 03:25 PM
we just roll ours and take it to the bank whenever we finish a roll or 2. $193 in a special account for the baby in just 9 months rolling! and that's not even religiously dropping all change daily... we do it at the end of the week.

Mrs. Charming
10-15-2010, 03:33 PM
TD Bank is open late:thumbsup2

Thats where we go! We usually end up going when the coins add up to about $60. Into the savings it goes!

Ava
10-15-2010, 04:01 PM
Another TD Bank customer here. Love their free coin counting machines. :thumbsup2

We have an old Goofy coffee can that we use as a change jar. I don't think I've ever let it get all the way full before cashing it in because it gets too heavy to lug in to the bank! We usually have about $60-$70 when we cash in - it goes into our Disney fund.

bumbershoot
10-15-2010, 04:05 PM
I don't know if my bank would just take a jar of change. I usually roll my change. That's half of the fun for me.

My bank won't. (Chase) Unless the amount is *under* what could be rolled, ya gotta roll it!

4HOLIDAYS
10-15-2010, 05:51 PM
Ours goes to the next Disney cruise. Last time it was a little over $1100 but that was for over a year of collecting change. We go again in May but I think we only have around $500 this time so far since this past May.

SandrA9810
10-15-2010, 06:05 PM
I love rolling my change, always have. I used to take it to the grocery store (Publix) and exchanging it at the customer service desk. No questions asked.

Part of why I roll it too, is to take out all the old coins, like the old wheat pennies or drummer boy quarters, and here and there I get the occasional foreign coin.

Right now I'm working on filling a 5 gal water jug. It's almost getting to the point of being too heavy, but it's only a tiny bit filled, like a 1/10. And I will always break a dollar, unless I really have to use change.

wlake
10-15-2010, 08:15 PM
I hate to be the rain cloud here, but I'd hate to not say anything and have it happen to one of you!

Be very careful with how much change you keep in your house. When our house was robbed, it was one of the few things that was stolen. The police told us it was because it was completely untraceable and easily portable. (Especially once they took my favorite pillowcase to dump it in!)

Again, I don't want to be a rain cloud -- I just hate the thought of someone's vacation fund (and some of you have lots -- wow!) vanishing the way ours did.

karice2
10-15-2010, 08:19 PM
I am one of those people that never have cash on me so it is hard to do the change thing. I do have a cookie jar that I use so I use that to collect change.

When I do have cash, I throw in the dollar bills and the change. I did it last year only for about two months and had $100. I am trying to do it for the whole year this time.

We shall see.

MickeyMomOfThree
10-15-2010, 08:20 PM
We have the change jar, 2 actually one for pennies and one for silver. We wrapped twice this year (none last year) and deposited it into our Disney account. I am not remembering for sure now how much it was but one deposit was around $500 and the other $250 or so, so at least $750 in change. I will go to buy something for a dollar, it comes out $1.08 and if the kkids are with me, they want me to pay with $2 and get change.

Wrapping it to them is always so much fun and it does add up fast. I use my debit card a lot, can't imagine how much it would be if we were a cash only family.

*Meagan*
10-15-2010, 08:32 PM
I have been collecting my change for disney! plus small bills and every now and then if I have an extra $20 I throw it in there!

My dad is the king of collecting change! Cashes in every 2 or 3 months and comes out with $600 or $700 bucks!!!!

ratlenhum
10-15-2010, 08:52 PM
I do this every year for trip spending money. It's usually a few hundred bucks. I never use change in stores. Even if something comes to say $5.02, I never give change, I want the change for my jar. LOL


Years ago, in my single days, I saved my change jar for almost 2 years and paid for my airfare and hostel in Ireland for a week.

Stash that change. It really adds up

DOOM1001
10-15-2010, 09:06 PM
Even if you don't have an account with TD bank you can use their penny arcade,you bring your change put it into the slots and it counts how much you have and shoots out a receipt at the end which you take to the counter to get your money,no fee or anything.You also get a guess at how much money you have in change before you put the change in and if you're close you get a prize.I did this about 5 months ago when I had like $70 in pennies alone,no quarters,dimes or nickels.

verygfy
10-15-2010, 10:22 PM
I keep change and at the end of the week I will throw in any remaining 1's. I usually don't have many 1's since I typically use those versus giving exact change. I like to get the change. We had cashed all but $50 at Christmas and then for our cruise in September we cashed in our change in May for our passports, $370 for all four of us. I was impressed we had collected that much in 5 months.

We usually use the change for spending money on vacation or our blow money at Christmas for the random thing we want to pick up for someone not in the budget.

mrodgers
10-16-2010, 12:28 AM
Wow, surprising how many people actually use real money these days with direct deposit and debit cards.

I could save my change for 10 years and probably still only get about $20.

What change I do get anyways, the kids seem to sniff out and it disappears.

It's 105-115 degrees at work in the summers and the Powerade in the machines are subsidized by the company and only $0.60. Its tough for me to even scrounge up $0.60 so I can grab a Powerade at work now and then (you can only stand to drink so much plain water when you probably drink 3-4 gallons of it a day. The Powerade is a welcome change of flavor for lunchtime.)

disneydreamer1970
10-16-2010, 06:20 AM
We will be turning in all of change the day before we head to WDW (in 49 days!) I can't wait to see how much we have. We have separate jars for silver and pennies and I can hardly lift the penny jar. The silver is collected in a Disney popcorn bucket and is about 1/2 inch from being totally full. The pennies we have been saving for a long time but the silver for about 6 months.

DH has also been trying to put $1 a day into each of the kids banks for spending money and they each have over $100 in their banks!

I have heard about people having their loose change stolen and do have mine hidden.

Keep saving that change, it really does add up!

Trish

mousebymarriage
10-16-2010, 11:32 AM
We cashed in our change before our Feb. Trip and I was so surprised we had almost $400 in quarters. That more than covered our gas and tolls for the trip (It cost us $300-$350 round trip gas and tolls), so that meant more money for fun! We are saving it again for our next trip, DH wants to go in August but, I'm not too sure about the heat.

herdtoDisney
10-16-2010, 11:47 AM
Oh, I like this idea of a change jar! :cool1: Even though our trip is in only 4 months, we do seem to end up with lots of change around this house (I just picked up 23 cents off the floor, lol). I don't think we'd even miss the change-it just makes my purse heavy anyways!

I might challenge the family to see if we can come up with enough for renting Sea Raycers-dh thinks they look cool! I'll find this thread in Feb and see how we did :)

sevans89
10-16-2010, 07:02 PM
I love using our change jar. We probably only accumulate about $200 per year, but it's better than nothing. And with over 2 years to our next trip, we should have a bit saved up. I'm thinking it'll probably pay for all our food on the next trip. We also throw in any unexpected money we get. Like, my FIL will give DH $20 here and there for helping him with big projects around the house, that sort of thing. I'm also planning on putting any Christmas or birthday money in there.

SnowWtch
10-17-2010, 07:00 AM
I've been trying to find a place to turn my change in that doesn't take a cut or give me a gift card. Compass Bank and Bank of America don't take change. We used to use Compass for it since they would take rolled coins but last time we tried a year or two ago they told us they couldn't take it. I'd like to have the extra money for our December trip.

Shelly F - Ohio
10-17-2010, 07:07 AM
We usually sit on a cold winter day and roll our coins. But before we start we each take a guess at how much is there. We are amased to find out that there is usually much more it the jug than what we guessed.

nunzia
10-17-2010, 07:11 AM
I don't know if my bank would just take a jar of change. I usually roll my change. That's half of the fun for me.

Me too.. I enjoy rolling it and then I take it to the bank and put t in a special account that I put 'found' money in..like change, rebates, little extras. I really don't need that account anymore..I opened it because I needed an account with the credit union ( I have other accounts at a different credit union, but this one beat my other for loan rate) to finance a car. Well, the car is paid off, so I could close the account since this one doesn't have a specified purpose, but I like having it. Anyway, I'm going to take a chunk of it to give my son, who is graduating from the Police Academy, a trip to a Dallas Cowboys football game.
I really do enjoy the process of rolling it and would not want to take it to a machine and lose a percentage.

Shelly F - Ohio
10-17-2010, 07:14 AM
We keep our change jar in the bedroom so when DH takes his pants off he dumps his coins in the jar. I also have a little one on the kitchen counter. I even have one on the dryer for all the loose coins that end up in the laundry. Then one on the dryer seems to collect a lot of $1 bills which comes in handy when we order a pizza and we don't have enough bills in our pocket.

Oh, I like this idea of a change jar! :cool1: Even though our trip is in only 4 months, we do seem to end up with lots of change around this house (I just picked up 23 cents off the floor, lol). I don't think we'd even miss the change-it just makes my purse heavy anyways!

I might challenge the family to see if we can come up with enough for renting Sea Raycers-dh thinks they look cool! I'll find this thread in Feb and see how we did :)

deezeealum
10-17-2010, 07:21 AM
If you live near a TD bank, they have a change counter that gives youa receipt. Go up to the counter and then they give you the money and you don't have to be an account holder. As for the Bank of America. It is up to each individual branch on taking change vs not. I used to work for them and my branch would but others wouldn't. Too many people were short changing the rolls and then the poor tellers would have to take the difference! try TD Bank though!

stich1fan
10-17-2010, 08:15 AM
We have a large peanut jar we use for change. My 3 almost 4 year old and I go whenever it is full. Our bank has a change machine so we don't have to wrap it. We dump it but all the money that accumulates in the jar goes in her money market account. I guess for whatever she will need when she is older.....who knows college, books, a car....we have not gotten that far.

cm8
10-17-2010, 10:37 AM
My boys have a piggy bank and they put all their money in there. Bills or coins, makes no difference.

A week before black friday we take it to the bank, they keep 25% of whatever the amount is (usually around $200) and take the rest to buy toys for kids in need. Then they see what promotions places like Target & Walmart would have on toys, they make a list and send my DH @ 4:00 a.m :lmao:on black friday to get the toys. We wrapped them up and take them to the local rescue mission place.

We like this family tradition.

That is too funny!! How does your husband fare with the 4am brawls? I make my hubby come with me:rotfl2:, he doesn't like it one bit, but I need him to stand in the line when I have to go tinkle from all the cold weather:rotfl:

I do treat him to a nice hot breakfast when it's all over.

We usually hit up the exchange as it's less people there:confused3 and really no fights :rolleyes1, people still DO try to cut in the lines and that gets me heated sometimes:mad:, Then we hit BB and the likes, we usually got to BB last because we are guaranteed 1 of something we want since we are in the Premiere Rewards and they have a special date and time we can come in and get the BF offers w/o all the fighting

Angel4135
10-17-2010, 11:08 AM
I just cleaned out several "junk drawers" and all my purses...( I have many and never fully clean them out when I'm changing out) well after doing this I had $140! I thought that was pretty good for not even trying!

rosanne91
10-17-2010, 11:28 AM
Any spare change goes to the Disney fund. I split it evenly between my children and let them buy what they want :)

One word of caution. I had been using the change counter at my local bank. When I went this year I counted my change before I went just for fun. Forget about fun! The machine shorted me $25.00. I was told that machines weren't perfect, but if the deposit came back with an overage they would call me. Needless to say, I never got a phone call!

laliwalden
10-17-2010, 12:04 PM
DD has a piggy bank that she likes to feed. Last year we collected Disney Dollars for her, but our Disney store left!! :mad:

So, we have been feeding her pig. I am hoping for $50 but we will see!!

Sleeping*Beauty
10-17-2010, 01:56 PM
One word of caution. I had been using the change counter at my local bank. When I went this year I counted my change before I went just for fun. Forget about fun! The machine shorted me $25.00. I was told that machines weren't perfect, but if the deposit came back with an overage they would call me. Needless to say, I never got a phone call!

That's one reason why I count mine. I don't trust anything. After I put the money in the little counter thing I count it again before rolling it, because those little counter things can be off sometimes.


. Anyway, I'm going to take a chunk of it to give my son, who is graduating from the Police Academy, a trip to a Dallas Cowboys football game.
I really do enjoy the process of rolling it and would not want to take it to a machine and lose a percentage.

If your son needs a date to the Cowboys game I'm available. :rotfl:

amyy
10-17-2010, 03:00 PM
We recently cashed in change. In a few years we has accumulated almost $2000. The people at TD Bank had to keep changing out the coin bags in the coin counter! If you faithfully throw whatever change is in your pocket at the end of the day, it really adds up.

We had a couple thousand once too. Now I can't seem to let it accumulate for that long :)

Soarin_04
10-17-2010, 06:01 PM
My hubs and I both do this, but because I wanted to use mine for our summer vacation and he wanted to put his toward our next Dis trip, we started keeping separate containers. I cashed mine in over the summer and it was around $250.

The hubs was dutifully hanging on to his in a jar by his nightstand...until we were broken into two weeks ago. :sick: He must've had about $300 in there.

rsschneck
10-17-2010, 06:58 PM
We have been saving our change for about 10 years for our Daughter. We had a separate savings account that we had just for this and it will be for our daughter when she graduates high school and heads off to college and needs spending money. We have saved $4000 of just change and have recently closed the savings account and put it into a teen CD earning 3% interest (about $10 per month). We still have 5 years to add to this amount so hopefully it will be a nice little sum of cash for our daughter to use while in college.

bumbershoot
10-17-2010, 07:17 PM
Last year we collected Disney Dollars for her, but our Disney store left!! :mad:


FWIW, Disney Stores don't carry Disney Dollars anymore anyway....

I've been trying to find a place to turn my change in that doesn't take a cut or give me a gift card. Compass Bank and Bank of America don't take change. We used to use Compass for it since they would take rolled coins but last time we tried a year or two ago they told us they couldn't take it. I'd like to have the extra money for our December trip.

If the amazon giftcard won't work for you (works for many b/c they'll buy their normal things from amazon with the GC and then put aside the cash they would have used), do you have a Chase bank nearby? They might accept your rolled coins.

deezeealum
10-17-2010, 07:56 PM
the other way we save besides the coin jar is we have Bank of America and have their Keep the Change program, so it automatically rounds to the nearest dollar. Take a guess where all the extra change goes to??? Yup our Disney savings acct!:banana:

Squirrel!!!
10-17-2010, 09:43 PM
We save change in 4 jars, sorting by coin. I haven't rolled it for a long time, and hae noticed that the quarter jar is pretty full.

My DH and I save about $500-600 each year this way.

I have a giant jar in which I saved pennies for about 20 years. Eventually the glass was at risk of breaking, so cashed the pennies in at coinstar for Amazon.com. It took quite a few trips as we kept filling up the machine. So, if you save pennies for 20 years, about $420!!

That was Christmas spending money.

dryvithome
10-18-2010, 01:40 AM
I do the change jar as well. Also, to help you guys/gals out a bit more, if your change is older, you may want to look through it for the 90% silver coins which would be those from before 1965. Today's pricing shows that the melt value of a 1964 quarter is $4.39. So the bank gives you $.25 for it, but if you sold it to a collector/pawn shop/other place, it would be worth almost 16 times as much if they paid the right value for it.

http://www.coinflation.com/silver_coin_values.html is the link for the daily rate changes. I got todays rate under the 1932-1964 washington quarters for the quarter. Granted, it's probably only worth it if you have a bunch in there, but if you just dump it straight into a coin counting machine that gives you a receipt/amazon card, you may have just missed out on a lot more. Even 20 of the 1964 or older quarters would be an extra $80 or so instead of the $5 that the machine would give out.

Hope it helps you all out a bit more for that extra run to Disney!

marie1203
10-18-2010, 11:09 AM
I never have cash because I hate having change around everywhere specially because it does add up. We have the keep the change program with bank of america we have a total of $320 to our savings from this program!

marcemc
10-18-2010, 11:19 AM
That is too funny!! How does your husband fare with the 4am brawls? I make my hubby come with me:rotfl2:, he doesn't like it one bit, but I need him to stand in the line when I have to go tinkle from all the cold weather:rotfl:

I do treat him to a nice hot breakfast when it's all over.

We usually hit up the exchange as it's less people there:confused3 and really no fights :rolleyes1, people still DO try to cut in the lines and that gets me heated sometimes:mad:, Then we hit BB and the likes, we usually got to BB last because we are guaranteed 1 of something we want since we are in the Premiere Rewards and they have a special date and time we can come in and get the BF offers w/o all the fighting

He does it for the kids & the deals.This year he is considering taking DS7.................I guess better him than me :rolleyes1:lmao:
I like your idea of rewarding them afterwards with a mighty breakfast, after fighting the crowds it's the least they would deserve.

neatokimmo
10-18-2010, 11:26 AM
Interesting site, thanks!

I do the change jar as well. Also, to help you guys/gals out a bit more, if your change is older, you may want to look through it for the 90% silver coins which would be those from before 1965. Today's pricing shows that the melt value of a 1964 quarter is $4.39. So the bank gives you $.25 for it, but if you sold it to a collector/pawn shop/other place, it would be worth almost 16 times as much if they paid the right value for it.

http://www.coinflation.com/silver_coin_values.html is the link for the daily rate changes. I got todays rate under the 1932-1964 washington quarters for the quarter. Granted, it's probably only worth it if you have a bunch in there, but if you just dump it straight into a coin counting machine that gives you a receipt/amazon card, you may have just missed out on a lot more. Even 20 of the 1964 or older quarters would be an extra $80 or so instead of the $5 that the machine would give out.

Hope it helps you all out a bit more for that extra run to Disney!