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Vender Banking - Loose Coins OK?


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#1 mio

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Posted 12 August 2007 - 10:44 PM

i have an unusual question....

a vender collects tons of change. when banking their money, do banks sort and count it for them, or does a vender have to roll it themselves? i sure hope not!!!

#2 CdSharpp

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Posted 13 August 2007 - 02:46 AM

i have an unusual question....

a vender collects tons of change. when banking their money, do banks sort and count it for them, or does a vender have to roll it themselves? i sure hope not!!!


I bank at Wells Fargo. They give me plastic bags to deposit quarters $500 at a time. I have a few soda and snack machines that generate some nickels and dimes - maybe $30/month. For this I have used Coinstar to get Amazon gift certificates (no fee for that).

Now if I could only find out what to do with the occasional car wash tokens and foreign coins!

#3 Dutchboy58

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Posted 13 August 2007 - 07:22 AM

I think it depends on the bank.....just ask them what they prefer.....I do business with two different banks.....one bank prefers me to roll the quarters....another bank just lets me bring a bag of loose change in and I carry it back to the coin counter for them and they run it through........no extra charge for either.....but they are small banks.

#4 caserri

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Posted 13 August 2007 - 07:44 AM

Now if I could only find out what to do with the occasional car wash tokens and foreign coins!


LOL, My daughter just loves the Chuck -e- Cheese tokens!