I recently had a large container of coins that I was ready to cash in on. Problem is, even with today’s technology Citibank and most banks still require their own customers to roll coins and write your account number on each roll. I refuse to pay a retail coin machine (ie Coinstar) 10% for something Citibank should do as a service for its customers. I am not being lazy here, it just doesn’t make sense that my own bank that handles cash and coins every single day can not provide this simple service for its own customers. Fortunately TD Bank seems to be the only bank around that offers coin counting as a free service for its customers (7% for others). So I had a friend who is a TD Bank customer cash them in for me. I called and emailed Citibank and asked them if there was any way they could waive their fee for me (a customer for the last ten years) and their answer was no.
To make this more entertaining I decided to pose a contest for my facebook friends. Closest guess under or over wins $2. It was a fun experiment! Results are in the screenshot below:
This coin counting obsession officially ends with a question I pose on Yahoo Answers : “Why doesn’t my bank have a free coin machine?”.