Banks still offer coin counters?

[n00bie]

Hi guys,

Is there any bank in Austin, TX still have coin counters without or low fee? I used RBFCU but now they charge 5% fee.

 

[Rfreeman]

I'm here in DFW and I know mine does for FREE!!! try a local bank and by local I mean just there in your Travis County or Austin my bank is a 3 location bank in Tarrant county only

 

[wyatt]

Try a Credit Union, they usually don't have fees. At least none of the ones around me charge for coins, banks do however.

 

[MEP001]

I'm using Wells Fargo. I can take quarters in a bag of $500 and I only pay $4 per bag for deposit.

Credit unions are starting to charge a fee now. My fiancee banks at one, the tellers are completely separated off and you only interact with them via monitors and cameras/speakers. There's a coin counter in the lobby that works like a Coin Star, you dump in the loose coins and it prints a receipt you take to the kiosk for deposit.

CoinStar machines will take your coins for no fee if you accept an Amazon voucher for it instead of cash. It's 11.9% now for direct exchange.

 

[Car_Wash_Guy]

I stopped depositing quarters in WF due to their policy change. I opened up an account at a credit union solely for their coin counting.

 

[Sequoia]

I'm using Wells Fargo. I can take quarters in a bag of $500 and I only pay $4 per bag for deposit.

You might ask if they will waive that fee. I deposit the same at WF with no fee.

What is odd is that all quarters are machine sorted from tokens, and then the quarters are machine counted. If a token slips through, it jams the counter so I know they are not slipping through.

But half the time, when depositing a bag of 2,400 quarters totaling $600, I will get a reply later that the bag was short by .18 cents. Or .39 cents. Or over by .11 cents. Very odd. But insignificant enough that I don't care.

 

[Kramerwv]

Modern coin machines weigh the bags

 

[chaz]

My bank provides free bags and doesn’t charge a fee. I deposit $1,000 at a time in bulk quarters. My bank credits my account at deposit and would then adjust later after verification. I’ve never had shortage or over

 

[MEP001]

You might ask if they will waive that fee. I deposit the same at WF with no fee.

They waived the fee for the first three months. I'm their only customer who ever brings in bulk coins, which is usually just a couple bags a month (though somehow I've ended up with about 20 bags worth stashed all over the house), so $8 a month isn't a big deal. I checked every bank in the area and all but Wells Fargo either charged 5% or more (one wanted 10%) or they weren't open hours that worked for me. There's a local bank within easy walking distance, and they said they'd take the coins loose and count them with no fee, but they aren't open Saturdays.

But half the time, when depositing a bag of 2,400 quarters totaling $600, I will get a reply later that the bag was short by .18 cents. Or .39 cents. Or over by .11 cents. Very odd. But insignificant enough that I don't care.

I did too for a while, turned out it was the coin acceptors. Customers would put enough nickels, dimes, and pennies in to jam the reject chute, then they'd either try to clear it with a knife or they'd bang on it until the Slugbuster would open, and some of the small coins would fall out and into the safe. I use a counting scale, so they'd just go through to the bank. My solution was to take the coin cups off the acceptors so their small change just rolls out onto the ground.