What's new

Bank not taking coins

OurTown

Well-known member
Joined
Nov 8, 2017
Messages
1,501
Reaction score
129
Points
63
Location
Dayton, Ohio
Well our credit union has further closed down locations, services, and hours of operation since my previous post. They now only have a select few branches that we can make an appointment to deposit coins and there was only one appointment left this week at the branch that was closest. (only about a half hour away) Further more we tried to make a bill deposit yesterday evening at the ATM and the bill acceptor kept jamming up preventing us from making a deposit. As if accepting cash was not already a hassle.
 

OurTown

Well-known member
Joined
Nov 8, 2017
Messages
1,501
Reaction score
129
Points
63
Location
Dayton, Ohio
The guy just called me back because after putting our appointment into the branch's schedule the branch called him to let him know that they are not accepting any coins (at any location) at this time.
 

JMMUSTANG

car wash owner
Joined
Sep 1, 2007
Messages
1,089
Reaction score
37
Points
48
Location
at the car wash
Maybe it’s time to take credits cards only.
You could post signs saying banks are not accepting bills or quarters at this time so we have to temporally accept credit cards only.
 

Twodose

Member
Joined
Sep 10, 2007
Messages
418
Reaction score
5
Points
18
Location
NE Pennsylvania
I would only do cc for now if I had them, before the pandemic started I was in the process of installing cryptopay but figured I would wait until this is over, by process I mean I just got the worldpay account, For me I get more quarters than I need and since the bank is not taking quarters right now I would just use the cc, I think people would understand.
 

Randy

Well-known member
Joined
Sep 5, 2007
Messages
3,604
Reaction score
224
Points
63
I used to gain a lot of quarters. When I installed a new face plate on my DRS changer in January I put on the decal showing I accept $20 bills, I've always accepted $20's just never advertised that I took them. Now I'm getting a lot more $20's and I'm only taking home about 40 quarters a week.
 

OurTown

Well-known member
Joined
Nov 8, 2017
Messages
1,501
Reaction score
129
Points
63
Location
Dayton, Ohio
I used to gain a lot of quarters. When I installed a new face plate on my DRS changer in January I put on the decal showing I accept $20 bills, I've always accepted $20's just never advertised that I took them. Now I'm getting a lot more $20's and I'm only taking home about 40 quarters a week.

That could be an easy fix. We currently have the $20 switched off.
 

mjwalsh

6 bay SS w/laundromat
Joined
Sep 7, 2007
Messages
2,430
Reaction score
46
Points
48
Location
North Dakota
We never did overly discourage apartment house coin op washer user dwellers from giving us $20 & leaving us with fewer quarters to ever worry about depositing!

Although ... we are not sure exactly what will be the results ... when we make it so 100% of the coins given out are $1 coins vs less than half from our two 4 hopper Standard ChangeMakers that we currently do. Ideally, it would be as close to evened out as possible so hopefully we will not have to order too many in.

Many laundromat owners along with myself ... very much miss the days when we could order our $1 coins direct from the US Mint. Who (administration) was most to blame for that stopping???
 

Wash4Life

New member
Joined
Apr 7, 2020
Messages
21
Reaction score
8
Points
3
Maybe it’s time to take credits cards only.
You could post signs saying banks are not accepting bills or quarters at this time so we have to temporally accept credit cards only.
With things so slow, I hate telling customers we're doing any change of policy. It's a lot easier to change policy when we're busy.
 

soapy

Senior Member
Joined
Sep 1, 2007
Messages
2,331
Reaction score
213
Points
63
Location
Rocky Mountains
My bank took a $500 bag of quarters on Monday with no problem. We went the next day with a deposit of cash that we had been holding back on for a couple of weeks. They were very happy to see as they were almost out of $1 bills and were getting ready to call us to see if we had any they could get.
 

KleanRide

Active member
Joined
Jun 16, 2019
Messages
188
Reaction score
77
Points
28
I'm with a smaller independent bank and they are still taking cash
 

MEP001

Well-known member
Joined
Aug 30, 2007
Messages
11,841
Reaction score
450
Points
83
Location
Texas
I scheduled an appointment with my Wells Fargo branch to come in and drop off bagged coins that they send off, and they called me to say they cancelled my appointment and just bring coins in as I usually do. I haven't gone by yet, but I'm curious if I need to call to be let in or if I just wave the bags over my head at the door.
 

Sequoia

AKA Duane H- 3 bay SS
Joined
Sep 2, 2007
Messages
583
Reaction score
47
Points
28
The lobby at my Wells Fargo branch is open. But they only allow 2 or 3 people inside at a time. I deposited coins and bills no problem this week.
 

soonermajic

Well-known member
Joined
Oct 26, 2014
Messages
1,747
Reaction score
97
Points
48
Location
texas
My bank is letting me come to the backdoor, take my qrtrs & count them for me. Wth?!! This is far easier than me counting them. It's awesome
 
Top