From: ibuprofin@painkiller.example.tld.invalid
On Thu, 7 Apr 2016, in the Usenet newsgroup alt.folklore.urban, in article
, Jay E. Morris wrote:
>Thomas Prufer wrote:
>> Banks dislike processing lots of coins. Here (Germany), for a customer
>> account, I know of one bank in a heavily banked urban ares that has a
>> coin machine. Toss in coins, up to about half a shoebox volume, and it
>> counts, checks and sorts, and prints a deposit slip, and the money is
>> credited to an account.
>My credit union has that at all their branches. I've dumped about $500
>worth of change at one time.
One credit union I use has such machines in their "full service" banks.
The mini-offices in the front of the grocery stores don't have the space
for such, but the grocery often has one (for a percentage fee as noted
below).
>> the "rejected" bin sometimes contains interesting coins that folk have
>> not bothered to take...
Here, they're almost always Canadian coins - and are very difficult to
get rid of.
>> The other banks want the money bagged and handed in, to be processed
>> off-site within a week or three. Or sorted, counted, rolled, and in
>> one particularly obnoxious case, marked with an account number and
>> signed, alls by the customer.
Yup - mostly processed by the "armored car" transfer companies
>Before the coin counter we use to have to roll coins and do the account
>number for our church deposit.
The bank I'm dumping my coins at want rolled, but not signed/numbered.
They had a coin machine about 3 years ago, but now all bulk coin service
is done at an office "downtown".
>You can find the machines in some stores in US. IIRC there's like a 10%
>fee at those.
The manager at a local grocery tells me the company installing those
machines pitched it that the grocery would operate them, and "buy" the
coins for register change. Normally, such change is delivered by the
armored car service "at a fee".
Old guy
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