Our bank doesn't have a coin counting machine. If they do, they won't count loose change for us. They told us that they got rid of the machine because too much junk was being brought in with the loose coin and it was constantly damaging the machine. They give us the paper rolls to roll the coin and accept the rolls that we take in without counting it. The only option I know of around our area is the coin machines at Walmart that count them and charge you a percentage to do it.
We take the rolls to local family style restaurants and have never had an issue with any of them not wanting to take the rolled coins.
I hadn't even considered that any bank wouldn't have a coin counter. That makes me wonder how they're servicing their business clients.
Perhaps you're the prototype area for the cashless society Phase2 is predicting.
Coins are counted offsite now. Businesses bring the coins in bagged and get credit at some future date when it's been counted. This has been going on for a while.
Fed Chair Powell admitted to lawmakers last week that The Fed has been rationing coins as the circulation of coins across the US economy ground to a halt due to the pandemic.
"What's happened is that with the partial closure of the economy, the flow of coins through the economy ... it's kind of stopped," Powell told lawmakers.
Credit Unions seem to be the last refuge of free coin counting machines.
Who knows, your dad may bank at the location with the coin counter? OR - they kept one there because of the volume of business they do with customers like your dad.
You guys all have 10 fingers?
Chase Bank no longer counts change. They expect it to be rolled or in "secure coin bags" if from businesses.
Tech Credit Union has self service coin counting machines at the following locations:
- Cedar Lake
- Crown Point
- East Chicago
- Gary
- Lowell
- Merrillville
- Valparaiso
I don't know the details of their use.
Here's an article on the state of coin handling at banks.
You can get your coins counted fee free at CoinStar machines if you choose to get an Amazon gift card for the amount.
I remember when we used to annually take our change jar (5 gallon water jug) to the bank and cash it in to donate to Little League, Girls Softball, or some other activity my kids were involved in. Can't do that any more, they want you to roll it yourself.
Chase aka Bank One got too big too fast years ago in the 90's. F them to the 10th power. 5/3 followed suit
10 fingers? Funny you should ask.
https://www.indianagunowners.com/forums/class-iii-nfa/482917-stupid-weird-question.html#post8349886
5/3 almost cost us our son. We had a substantial HELC to adopt based on worse case scenarios. Without notice, they jerked 1/2 the line away with no warning. I was being responsible and not touching the approved credit. Had I socked away the cash and been irresponsible, I would have never seen the difference.
MainSource worked with us and got us our amount and our son. Still customers.
The only thing a credit score is good for is showing how good you are at taking out debt. But if you don't borrow money for anything other than a house you won't have to worry about it.
I'm not sure I understand what you're trying to tell me. Are you saying credit scores are useless unless they're bad, and then only if you're trying to buy a house?
I'd generally agree with that. I still had a credit card in my pocket with a limit on it that was well in excess of anything responsible. I could have bought a brand new car, no questions asked, with no money down if I was dumb enough to do it. Yet working hard for weeks getting all of my ducks in a row to demonstrate the prior 10 years of fiscal responsibility, and working hard for years to come up with a down payment well in excess of the fraudulent debt, was useless when I tried to take on actual secured debt in a responsible fashion.