Banks and Loose Change Thread

Why do banks insist on having you count up and bag all your loose change then take it to the cashier when there are those big coin-counting machines available?

Wouldn't it save time and staffing to have a machine where you just swipe your card and pour your change in?

Grr

Actually I wondered that too, it's piss-potty annoying to use a phrase I have never in my life heard.

Because they're determined to make you miserable. DUH!

Here in Denmark we answer by the following:

"I'd like to withdraw kr. 88". That way they'll fetch a fifty, a twenty, a ten, a five, a two, a one, a .25 and a .50... There are no other ways (yeah of course two twenty's and a ten instead of the fifty but.. they tend to give it to us this way. Meaning we get one of each coin/note that is below 100)

if u use the machine it take 10% of the money you put in well they do over here

Marcjs - They do for the machines that just count your cash, but what I was thinking of was moving them into the banks themselves and hooking them up to the paying-in system so all you do is:

• Walk into bank with bag full of loose, uncounted change.
• Swipe your card on the machine so it knows which account to pay into.
• Pour your change into the machine.
• Machine sorts and counts automatically, saving you and the cashier a job.
• Machine tells you how much you paid in, and adds it to your account instantly.

I only complain because I have a lot of money in loose change, but can't bag any of it into the proper amounts because I don't have enough of that type of coin.

I am pretty sure there is a machine of that nature in some drug stores. I've actually noticed one as I walked past. All you do is pour the change into it, and it gives you the money back in bills and loose change. I don't think there was a place to put your debit card, but hey, whatever works...

Of course, your way might prove trouble for some people. What if they just stole a bunch of change from somebody/some place and just pour it into the machine and puts it into some secret account? They really have no way to get it back unless through practically an FBI investigation.

Maybe in the future, though, they might do something like that.

Yeah...it takes 8 cents per dollar, but since most banks count by hand, I'd take it just for sheer convinience.

Arrrgh...

The machines in supermarkets/drug stores etc count change, then give you it back in a more manageable form after taking some money out for themselves.

What I propose is putting a similar machine into banks and using it to automatically count/sort coins into your account. You swipe your card to tell it what account to put the money into.

My bank has something similar for notes. Fill out a paying in slip, put it in an envelope with your notes, swipe your card, tell it how much you're paying in, and drop the envelope into a slot. It's all counted manually, but it's automated at the customer end.