Quit Wasting Your Time Saving Change!!

[NYCDiane]

We bank at two BIG NAME banks. They both will take your change and count it for free. Here's the hitch, one will take it as is and the money will not get counted until Thursday of the week and not get deposited until Friday. At the other bank the MANAGER told me if was less than $25.00 they would NOT take it unless it was rolled. Anything over $25.00 they would send out to be counted. If it was not enough to be rolled they would not take it at all. I guess it depends where you live.

Where do you live?!??!? I've never heard of such an insane "policy". They'll take your $$ but won't count it until a certain day and then won't credit you until the following day??? Or they'll take your money and send it elsewhere to be counted???????

That is the most absurd thing I've ever heard.

 

[NYCDiane]

Not everyones bankd counts coins for free.

The banks that I've dealt with don't require you to be a customer to have your coins counted for free.

I don't know where you are, but maybe you should ask around and see if any banks in your area do this. It's a real convenience.

 

[koima]

Where do you live?!??!? I've never heard of such an insane "policy". They'll take your $$ but won't count it until a certain day and then won't credit you until the following day??? Or they'll take your money and send it elsewhere to be counted???????

That is the most absurd thing I've ever heard.

I'm in the Silicon Valley. The only bank I've found that will count it for free is the credit union. Every other bank I've encountered has limitations on accepting change.

 

[NYCDiane]

I love our "coin jar"! We cash it in for bills for free at our credit union and it's a great way to save $$$ without even missing it.

We are going to cash it in before our WDW trip next month and it should be at least $200.

Me, too! It makes it so much easier to save for B'way shows, outlet shopping, holiday shopping, etc.

I just toss the coins in, along with the occassional "5" or "1" and completely forget about it. It adds up before you know it!

Don't be surprised if you have more than $200 in your jar by the time of your trip. One time, I thought I had about $50-$60 ---- turned out I had $174.

 

[bratmomma]

I didn't read the whole thread and I apologize if I missed this.

I just used the coinstar the other night and I was charged 8.9 cents on the dollar for exchange. Sure, I could've driven across town to the TD bank, but I probably would've spent that much in gas.

 

[P.I. Squirrel]

(15 miles away, not just 'up the block') would cost me about $5 in gas

30 miles round trip for $5? Either gas is really high where you are or your car gets terrible milage.

Ding Ding...we have a winner. (That ding was the sound of the gas pump)

 

[bumbershoot]

Back when WaMu existed, they were charging 10% on even rolled coins, unless I did it 2 rolls at a time. And that was an exception, not limited to just one branch or one city. They said that the cash couriers charged by weight, and the weight of the coin was costing too much, so they needed to pass it on. They didn't just use the coins; they sent them out, and ordered other coins (seems silly but oh well).

So I used coinstar and got FREE amazon.com GCs. Since hubby was, and is again, working there, it was a place we definitely used (and use). Add in his discount and that's nice!



The ONE benefit we've gotten from the switchover to Chase is that now they will take change without a fee. So now we just cash it in at the bank, which is just down the sidewalk from the store we often go to (and has our credit union inside), or it's a little walk near the downtown farmer's market.


For anyone on the west coast...I'd noticed that most of the free-coin-counting banks were on the east coast. None of the banks/CUs I dealt with out here would take coin without a charge, until Chase took over. So if you hadn't tried a Chase before, ask them!


Then again, nothin' wrong with an amazon GC or a disney store e-certificate, either.

 

[annagirl]

Ding Ding...we have a winner. (That ding was the sound of the gas pump)

Three Words: Cash For Clunkers

 

[victorandbellasmom]

For anyone on the west coast...I'd noticed that most of the free-coin-counting banks were on the east coast. None of the banks/CUs I dealt with out here would take coin without a charge, until Chase took over. So if you hadn't tried a Chase before, ask them!

I live in the northwest too and have been taking my rolled up coins to US Bank all these years I've lived here without any issues or fees. I never realized it was an anomaly.

 

[Shelly F - Ohio]

We make it a habit to roll our own coins every few months. We sit in front of the TV and roll it. It a good math excercise for kids.
And I can not believe how much we actually do save. Before we begin rolling we take turns guessing how much we have and it is interesting to see how far under our guesses are. I guessed $60 one day and we had nearly $150

 

[Purseval]

I personally do not think that saving money, whether it be dollar bills or coins is ever a waste of my time. I, like many others have stated here, can run my coins through the change machine at my bank for free.

This is for the rest of those folks, the ones who make companies like Coinstar so profitable.

 

[Purseval]

Please don't. Most yardsale holders are extremely well-prepared.

I work 2nd shift, my wife is retired. Every friday and saturday morning (and sometimes thursday and sunday for an oddball sale) we go to yard sales. I live in a warm climate so it goes on practically year-round, everything from single families to huge neighborhoods with over 100 homes participating. Maybe the yardsale holders you know are extremely well prepared, my experience is different. We can always find people to gratefully take whatever change we want to get rid of. I guess I'm just lucky