Taradino C. ([info]taradinoc) wrote,
@ 2007-11-08 14:45:00
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No one wants my money
Zana and I have a jar full of American money, but none of the banks around here seem interested in accepting this US currency for deposit or exchanging it for bills (a.k.a. "foldin' money") without jumping through ridiculous hoops. They want us to spend hours sorting and counting and separating this legal tender into rolls, or they want to charge fees ranging from 8.9% to 15% for the privilege of having our treasure dumped into a machine that will count it for us. WTF?!

Wells Fargo and Bank of America don't count coins, period. They demand rolled coins. The dude at Wells Fargo actually told me to use Coinstar instead, which charges an unconscionable 9 cents on the dollar. STCU charges non-members a whopping 15% to use their counter, and even members have to pay a (lower) fee.

I know counting machines exist. I know banks want to hold onto my money. I'm pretty sure Wells Fargo doesn't just trust everyone to put the right coins in the rolls; they must count them somehow. Is there no place in Spokane that will count coins for free?


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[info]radiotelescope
2007-11-09 04:21 am UTC (link)
Coinstar gives full value if you take it as a gift certificate. Borders is on their menu, which solves the problem for me.

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[info]robot_on_fire
2007-11-09 08:36 am UTC (link)
i went through this problem right before moving. and right after reading that coin jars aren't a great way to save because the value lowers because of inflation over time AND the fees you're talking about. luckily i had a STCU account and they hardly charged anything for my 50 bucks of change.

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[info]geminiwench
2007-11-09 10:47 am UTC (link)
If I had an STCU account, the 2% fee would be passable for me... being as how so far the guys rolled almost $100 in change and there is what, another $20 or $30 in the jar, ya think? But 15%? Unconscionable!! Just to use a machine they bought for their own purposes? 15% to dump in a bag of change into a spout, wait 2 minutes and hand me the equivalent in a different form? Really, a bank refusing to handle U.S. currency without a fee, PERIOD is LUDICROUS! Let alone YOUR band refusing to deposit ANY valid U.S. currency at all or without a fee? What the hell? Really?! What do they think banks are for besides the handling, storing and exchange of u.s. currency?

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