Change Jar Question....

[can'twait]

Update - my bank has stopped charging for depositing rolled coins. I must not have been the only one that complained! We usually deposit the coins into the kids' college funds.

 

[PrincessKitty]

Call all the local branches of your bank and make sure they don't have a coin counter. Our bank will accept rolled coins, but our credit union will NOT accept rolled coins, but will put them in the change counter for no extra charge!

 

[Patsfan7]

I agree with the posters that said to check with the banks you do business with. Lots of banks around here not only want you to roll it, but then put your name, address, phone number and account number on each roll. UGH!

Also, some banks have rules as to how much rolled coin they will accept. A friend of ours ran into the problem, first going to the bank with the unrolled coin, was told they only accepted rolled coin, he rolled it all, then was told to put all that info on each roll, and he did, then was told that he had too much rolled coin, so he took a nutty fit, and told the bank he wanted to close all his accounts, and get the cash out. Well, it was quite a sum of money, the bank did not have enough on hand. He left and told them he would be back in a couple of hours and wanted his cash. Of course the money couldn't just appear at the bank....Yes, the scene got out of control when he couldn't get the cash! The police had to come and quell the situation, at which point he accepted a bank check. Goodness, these things can get very complicated!

Thank goodness our Credit Union has the machine you can use for free if you have an account there. It is one of the reasons I still bank there, even though it is a little bit of a drive.

 

[sherry8253]

We are lucky. A bank in our area has a free change machine where you just dump the change in and it counts it for you. We ended up with over $1,300 from change a few weeks ago.

 

[VickiB31]

Having been in banking for 22 years (yikes - has it been that long??) here's a couple of tips from someone who has accepted customer coin:
1) Call around. each bank will have their own rules. At our bank we count coin for any customer free of cgarge, but some of our branches do not have a coin counter. They can only take a small amount in and they have to hand count it.
2) Check on their policy of accepting hand rolled coin. In all if the banks I have worked at (three so far) none of them would accept hand rolled coin. I have seen too many people bring in rolls of slugs instead of quarters. If our customers bring in hand rolled coin, we break the rolls in to a bag before counting it.
3) please remember that the tellers will have to lift the coin container to waist level to count it. If you have large, heavy containers please split them so they are easily handled. Some of our tellers can't lift more than 35 pounds, so if heavy containers come in, they have to go look for some one to help them. It's easier for you too. If you don't have any extra containers, ask for some of the canvas banks that the banks use to paskage money. They also work great for coin.
4) Think about what kind of container you are using. Lots of people use the large, 5 gallon water bottles. If full, they're very heavy and the coin doesn;t want to come out. (Think about getting money out of a piggy bank - we stans there and shake the bottle and one or two coins at a time come out. AARRGGH!)
5) PLEASE "police" your coin. Banks will not accept "mutilated" coin that is mangled or bent. In addition, some of the things that I have foind in coin orders range from the truly gross (someone's toe nails) to strange (a "joint") to valuable (a gold wedding ring). There have also been broken peices of glass and razor blades which pose a danger to the bank teller.

All that being said, most community banks will do this as a service for their customers. We get at least three customers a day doing this exact thing. Just part of our job. It's great when you see a child bring in his coins for his first savings account and we walk him through the entire process. Keep saving and if your bank can't count your coin, find one that can and have a great trip.

 

[Crazy4Disney06]

I don't know if you live near a casino, but where I work in Oregon we will take coin from guest and run it through the jet sort ( coin counter ) for free.

 

[SheDaisy0088]

My credit union will cash it in for no charge. That is why I have been with them for almost 10 years.