Restaurants in My Pocket!
> jmcquown wrote:
>> "Nancy Young" > wrote in message
>> ...
>>> Stephanie wrote:
>>>> Nancy Young wrote:
>>>
>>>>> Not all banks will just take your wrapped coin for free.
>>>
>>>> I would think it would still be "legal tender for all debts public
>>>> and private." At least in the us. Our bank's policy wasa to have the
>>>> account number of the depositer on the roll. If it failed to proof
>>>> out when opened, the account was debitted or creditted accordingly.
>>>> That never really happened. But that was the policy.
>>>
>>> That's the way it was back in the olden days when I spent
>>> a some time as a bank teller. But banks can and do charge
>>> to take coins, legally. Where I live it seems like the norm.
>>>
>>> nancy
>>
>>
>> LOL Keep in mind, where you live you aren't allowed to pump your own
>> gas, either! That's a strange concept to me. Granted, every state
>> (and bank) is bound to be different. I never heard of a bank not
>> accepting rolled coins.
>> Jill
I've rolled my saved change all my life, I deposit rolled coins often...
I've never experienced a bank not accepting rolled coins... they may require
you have an account at that bank but I've yet to have my rolled coins
refused even if I've never been to that bank before... they'd be pretty
stupid not to accept rolled coins... by law banks and all businesses in the
US must accept loose coins... an experineced teller can hand count a roll of
quarters in under 15 seconds. All banks today have high speed coin
counters/wrappers... if you walk in with like $100 in rolled pennies and you
don't have your account number written on each roll they can require you to
unroll all your coins into a cloth sack and then they will put them through
the counting/wrapping machine. Banks can also require you give them 24
hours notice for large coin transactions, so if you show up with a ton of
coins you may be given an appointment to return the next day. Banks can
require you give prior notice for large cash withdrawals too.
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