Tried to Get Coin Rolls From Bank and They Want 30 Cents Per Roll

[AusTexDude]

Ridiculous... I decided to stick my big toe in the water of coin roll hunting. My bank that I have been with for years wanted to charge me 30 cents per roll on 50 cent penny rolls.

Thus ends my adventure into coin roll hunting.

 

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[beepbleep]

If that's Austin Bank, I'm not surprised. They'll nickel and dime you to death with fees and charges.

 

[AusTexDude]

If that's Austin Bank, I'm not surprised. They'll nickel and dime you to death with fees and charges.

It was First Texas Bank... They have been really good with not charging me a bunch of fees. Was shocked to see they wanted such a huge mark up.

 

[beepbleep]

I pulled a 1919 wheat cent out of my pocket change last week.

 

[AusTexDude]

I'm pulling a ring every few hours metal detecting and a gold ring about every 30 hours of detecting so I think I'll keep doing what's working for me. If getting coin rolls is going to take a monumental effort, on top of the hours and hours spent sorting and rewrapping coins, it makes it not so glamorous.

 

[pepperj]

Ridiculous... I decided to stick my big toe in the water of coin roll hunting. My bank that I have been with for years wanted to charge me 30 cents per roll on 50 cent penny rolls.

Thus ends my adventure into coin roll hunting.

30 cents for 50 cents is a profit of 20 cents.

Welcome to our world of banking that has been around for 25 yrs

I can't coin roll hunt in Canada-the service fees for handling coin out weighs anything made.
There was a time where the Royal Bank wanted to charge me a service fee for taking out cash from our business account. $120.00 a week on $70-90K So it was a quick BYE-BYE!

I'm still amazed that banks even mess with the coin exchange in the US.

 

[pepperj]

I'm pulling a ring every few hours metal detecting and a gold ring about every 30 hours of detecting so I think I'll keep doing what's working for me. If getting coin rolls is going to take a monumental effort, on top of the hours and hours spent sorting and rewrapping coins, it makes it not so glamorous.

One has the weigh the options and I always thought it was like playing the scratch ticket game. Win a few loose many when it came to doing the rolls.

 

[NSR60]

Ridiculous... I decided to stick my big toe in the water of coin roll hunting. My bank that I have been with for years wanted to charge me 30 cents per roll on 50 cent penny rolls.

Thus ends my adventure into coin roll hunting.

What a buzzkill. A 60 percent tax would make me quit just about anything I can think of.

 

[galenrog]

It was First Texas Bank... They have been really good with not charging me a bunch of fees. Was shocked to see they wanted such a huge mark up.

You are at the wrong bank.

 

[Smithsgold]

I pulled a 1919 wheat cent out of my pocket change last week.

Nice !!!

 

[ARC]

30 cents for 50 cents is a profit of 20 cents.

Welcome to our world of banking that has been around for 25 yrs

I can't coin roll hunt in Canada-the service fees for handling coin out weighs anything made.
There was a time where the Royal Bank wanted to charge me a service fee for taking out cash from our business account. $120.00 a week on $70-90K So it was a quick BYE-BYE!

I'm still amazed that banks even mess with the coin exchange in the US.

?
Check your math pepps :P

 

[Johnnybravo300]

You dont have to unroll them all, just weigh them. Takes a minute or two to do a whole box.

 

[FreedomUIC]

When they try that crap with charging, I politely ask them to check my account balance, the fee usually gets dropped.

 

[MIhunter]

If possible look to create win-win relationships with banks.
Look for banks that get a lot of CWR in.
Buy rolls with withdraw from your account.
This helps banks deal with excess coin and keep their amount of cash on hand low. Banks don't earn interest on cash in the branches, only on deposits at the Fed Reserve or money loaned out. Banks pay to have excess coin picked up by armored car.
Don't dump coins where you buy
Of course the smaller the city you live in the harder it will be.

 

[Coinstar magnet]

Ridiculous... I decided to stick my big toe in the water of coin roll hunting. My bank that I have been with for years wanted to charge me 30 cents per roll on 50 cent penny rolls.

Thus ends my adventure into coin roll hunting.

That sounds illegal....what bank is that?!

 

[Coinstar magnet]

I'm pulling a ring every few hours metal detecting and a gold ring about every 30 hours of detecting so I think I'll keep doing what's working for me. If getting coin rolls is going to take a monumental effort, on top of the hours and hours spent sorting and rewrapping coins, it makes it not so glamorous.

That's why I opened a basic checking account at a bank with a coin machine...It got old real fast rolling coins....

 

[Coinstar magnet]

If that's Austin Bank, I'm not surprised. They'll nickel and dime you to death with fees and charges.

I had a situation where a new manager started at a bank...kept asking if I had a business....if I had an account...etc...so I opened up a basic account... that seemed to help...