Banking… how things have changed

[dstig1]

Interesting. The last time I brought in rolled coins had to be 15+ yrs ago and the teller said they had to be loose and they would run them through their coin counter machine. So they tore them all out of the wrappers I spent so much time filling. <sigh>
I never get enough coins anymore to worry about that much. I have a pint jar of coins is about it. And that has been filling up for years now.

 

[Oaktree]

They might run it through their machine but have told me that it has to be rolled.

The last time I wanted to deposit coins they needed to be rolled, plus have your name & account # on each roll. I guess so it you did fill it with washers they'd know who did it.
Not worth the trouble, I'll just use the Coinstar machine.

 

[Jstpssng]

The last time I wanted to deposit coins they needed to be rolled, plus have your name & account # on each roll. I guess so it you did fill it with washers they'd know who did it.
Not worth the trouble, I'll just use the Coinstar machine.

I like rolling change. There's something about watching it pile up until there's enough to turn it in.. One winter I rolled a half gallon of pennies in a counter I had made, drilling into a 2x4 then slicing it open and marking where a full roll would fall.
I was renting a room for the winter and my indoor activity was limited...

 

[two_bit_score]

Interesting. The last time I brought in rolled coins had to be 15+ yrs ago and the teller said they had to be loose and they would run them through their coin counter machine. So they tore them all out of the wrappers I spent so much time filling. <sigh>
I never get enough coins anymore to worry about that much. I have a pint jar of coins is about it. And that has been filling up for years now.

I don't get that many coins either and I look carefully at each one i do get. I'm keeping most of the ones I have because I expect at some point coins may completely go away.

 

[dstig1]

I don't get that many coins either and I look carefully at each one i do get. I'm keeping most of the ones I have because I expect at some point coins may completely go away.

About the most action my coin jar saw was when my daughter was in college and needed quarters for the laundry machines. She cleaned those out and it now sits with mostly small change and almost no quarters. Maybe some day i will bring it in and get 10 bucks or whatever for it...

 

[masscity]

Last two banks I used, I asked do you have any hidden charges, answer was no. They always managed to charge me 5, 10 or 20 bucks for some reason.

Early 90's I switched to Credit Union and no more hidden charges ever. The one I have now I can get 10k without using my ID. They don't ask any stupid questions.

 

[Sprinkler Fitter]

Last two banks I used, I asked do you have any hidden charges, answer was no. They always managed to charge me 5, 10 or 20 bucks for some reason.

Early 90's I switched to Credit Union and no more hidden charges ever. The one I have now I can get 10k without using my ID. They don't ask any stupid questions.

I’m guessing it’s because they know you. I would guess I would have to show my ID to get $10,000 from your account

 

[masscity]

I’m guessing it’s because they know you. I would guess I would have to show my ID to get $10,000 from your account

You're right about that. Some of the people have changed over time, but when I first started going there I didn't even have to tell them my account number.

A few years ago I went to the next town for shopping etc. Only time I ever forgot my wallet, no DL or carry permit. I wasn't sure what to do, because I needed money for groceries. I called myself a dummy and went to the CU and got some cash. Nice living away from the city.

The county is the 3rd largest in the state of Michigan, but only has around 5500 people living here.

 

[ultrarunner]

All know me well but the computer stops the transaction until ID scanned...

I’m guessing it’s because they know you. I would guess I would have to show my ID to get $10,000 from your account

 

[grsthegreat]

My neighbor works at my credit union, she still has yo view my id. Its required to proceed with transaction. I have no issue with that.

 

[2manyrocks]

For all the technology and policies used to protect banks from paying out money to the wrong people, they still manage to lose a heck of a lot of money making really, really stupid loans.

 

[newbury]

I miss (slightly) rolling coins in wrappers. Throughout my youth I had coin rolls on my dresser, from pennies to half-dollars, gradually filling them up and cashing them in. In the early years it was money from collecting soda bottles along the roadside, 2 cents at a time. Then over the years it became pocket change.
Now with 6 grandchildren we have a line of piggy banks on the mantel that get fed.

 

[grsthegreat]

I too in younger days liked rolling coins. But not as much as banding 100’s

 

[two_bit_score]

For all the technology and policies used to protect banks from paying out money to the wrong people, they still manage to lose a heck of a lot of money making really, really stupid loans.

Most of those are encouraged, if not actually mandated, by the Federal government.

 

[Oaktree]

You're right about that. Some of the people have changed over time, but when I first started going there I didn't even have to tell them my account number.

I'll bet that's just more "small town" than credit union-specific. I've been banking at the same local bank for 18 years now and no one asks me for credentials there either.

 

[wilso]

We also use only online banking. Btw, just realized the last time I visited a bank was before the quarantine. Since I installed a dave banking app, there is no need to go anywhere, at least I haven't faced any issues that would require my physical presence in the bank.

 

[ultrarunner]

When mom passed away it was over 8 hours in visits at US Bank to unfreeze the accounts… I was told no way without being there in person and I’m well known at the branch.

Credit Union about 15 minutes max for the same thing and I’m not well known.

The bank ran a 4.25 money market special and still advertises it but won’t tell you when it ends but I found out my 4.25 dropped to 2% 60 two cycles later.

Kind of shady and when I asked reviewing the US Bank statement I was told limited time to which I said you are still advertising???

 

[2manyrocks]

Repealing the prohibition on interstate banking wasn't a good idea for consumers or bank regulators, either.

 

[grsthegreat]

I dropped my last bank account about 2 years ago….or about then.

A branch of the credit union i belonged to moved into my town. Moved all my business accounts and some household accounts there. I also have accounts in 2 other credit unions.

I have 6 separate cd’s earning at minimum 5% right now spread between them.