Hopefully not a stupid question (about banks)

Discussion in 'Off Topic [BG]' started by LiquidMidnight, Aug 1, 2005.

  1. LiquidMidnight


    Dec 25, 2000
    Hey everyone,

    I always throw my change into a small Tootsie Roll bank, and I've accummulated quite a bit. I'm going into the bank tomorrow to convert my change to larger bills, and I was wondering if I need to have them in rolls. I'll have the money sorted before I go in, but do I need to put them in rolls first?
  2. slugworth

    slugworth Banned

    Jun 12, 2003
    So. Calif.
    Some have coin counters or "coinstar" machines, some don't.
    Give them a call before you head on down.

  3. Joe Turski

    Joe Turski

    Jul 29, 2003
    Most banks won't take money if it's rolled. Around here anyway. :meh:

    You shouldn't need to sort what you have, the machine will do it for you.
  4. If they have a problem... Simply deposit the moneys into your account, and then withdraw it... Thats what I always done. Around here we bag change in denominations, then the bank weighs it...

    Quick and simple.
  5. Joe Nerve

    Joe Nerve Supporting Member

    Oct 7, 2000
    New York City
    Endorsing artist: Musicman basses, Hipshot products
    I know my bank Norfork/Greenpoint has the change machines. You don't need an account to use them, just dump your change in, give them the reciept and they give you the cash.

    DON'T USE one of those coinstar change machines in the supermarkets though. They take like 20% of your money which is absurd. The banks don't take anything.
  6. Yeah, around here it's 8.9 cents on the dollar. Ridiculous. I used it twice. Never again. I love how it sorts out just how many of each coin it sorts, so it can break down just exactly how it ripped you off. But hey, you agree to the terms, you ask for it I guess. :meh:
  7. well, i agree with you to a point.

    don't use the coinstar machines if you have access to a bank machine. but, coinstar doesn't make that machine for free. they have to take enough from you to cover their machines and still make a profit. if there was no incentive (profit) for them, that machine wouldn't be there.
  8. You can buy your own coin rolling machine, but it will cost you something.

    This has to do with the the Quantum Mechanical principle such that there is no such thing as a free lunch, although the cost of the lunch is unknown unless there is an external observer.

  9. MJ5150

    MJ5150 Terrific Twister

    Apr 12, 2001
    Lacey, WA
    Good point Joe....unless you like Starbucks. Some Coinstar machines in grocery stores with a Starbucks inside will let you use the Coinstar fee as credit towards a drink from Starbucks. Ultimately, they still take your money, but at least you get something for it in these cases.

  10. LiquidMidnight


    Dec 25, 2000
    I called this afternoon, and they told me to just bring it in as loose change.
  11. Flanders


    Oct 30, 2002
    Reno, NV
    Or you could live in Reno (or Vegas, or anyplace with lousy casinos everywhere) and just take it in to them in a dirty sock.
  12. fourstringdrums

    fourstringdrums Decidedly Indecisive Supporting Member

    Oct 20, 2002
    San Antonio
    Make sure you write your account number on every roll. That's what I have to do at my bank. Get one of those coin sorting machines and you'll be done in no time.

    +1 on the coin star being a rip off.
  13. Mike Money

    Mike Money Banned

    Mar 18, 2003
    Bakersfield California
    Avatar Speakers Endorsing Hooligan
    13 cents to the dollar on the nearest coinstar.
  14. Being a teller at a bank, we really appreciate it when it's already rolled. We used to have a machine to sort and roll it ,but people would put money in it with nuts and screws, etc. and finally screwed the machine up. Alot of the banks in our area don't have these machines. Although the supermarkets have coinstars...
  15. Bob Clayton

    Bob Clayton Moderator Staff Member Supporting Member

    Aug 14, 2001
    Deptford, NJ
    my bank won't take a large amount of change unless it is rolled