A bank customer deposited 6360 $1 bills today.

[The Walk of the Penguin Mich]

Apr 7, 2023 7:14:28 GMT -5 nidena said:

Apr 7, 2023 4:25:37 GMT -5 The Walk of the Penguin Mich said:

Then my bank must have really hated me when I brought in a couple thousand $$ in change and $1 bills.  This was my trip to Greece fund, and by keeping it in an unbroken piggy bank I was able to save.   At the time, it was easier for me to ignore an unknown amount of change in that bank than it was to put it into savings and see the periodic balances. 

The coin was so heavy I had to bring it in in a suitcase with wheels.  

FWIW, we brought about $3000 in cash along on this cruise.  We had $500 in $1, $1000 in $5 and the rest in $10/20s.  We had to scan all the bills for newer bills and had the bank exchange them if they were marked or torn.  Not sure how much we have left, maybe half?  Once we get through the Middle East, we will be switching to euros.  

If someone comes in with that much coin, we show them where they can sit and hand them a few hundred coin wrappers.

Thank God I bank with USAA.  They put it through a machine.  I’d bail on your bank, with that kind of customer service.

[minnesotapaintlady]

Apr 7, 2023 7:14:28 GMT -5 nidena said:

Apr 7, 2023 4:25:37 GMT -5 The Walk of the Penguin Mich said:

Then my bank must have really hated me when I brought in a couple thousand $$ in change and $1 bills.  This was my trip to Greece fund, and by keeping it in an unbroken piggy bank I was able to save.   At the time, it was easier for me to ignore an unknown amount of change in that bank than it was to put it into savings and see the periodic balances. 

The coin was so heavy I had to bring it in in a suitcase with wheels.  

FWIW, we brought about $3000 in cash along on this cruise.  We had $500 in $1, $1000 in $5 and the rest in $10/20s.  We had to scan all the bills for newer bills and had the bank exchange them if they were marked or torn.  Not sure how much we have left, maybe half?  Once we get through the Middle East, we will be switching to euros.  

If someone comes in with that much coin, we show them where they can sit and hand them a few hundred coin wrappers.

What?  My little podunk credit union has a change counter.  We it in ourselves in the lobby and it prints out a receipt to make the deposit with. 

[resolution]

When I went to Poland last spring, I bought Polish currency at my bank and it came mostly in 500 zloty bills, which were worth around $100. I had a lot of problems getting them broken down into smaller denominations in Poland, even the hotels wouldn't take them and asked for smaller bills. So my next trip I will probably overcompensate and me that person carrying a pile of $1 bills everywhere.

I still have an envelope full of $1 bills because my trash person at the old house wanted to be paid in cash, which I would tape to the back door. It was $22 a month, and I was always scrambling to find $2 until I came up with the big envelope of $1s.

[NoNamePerson]

Apr 7, 2023 7:37:45 GMT -5 minnesotapaintlady said:

Apr 7, 2023 7:14:28 GMT -5 nidena said:

If someone comes in with that much coin, we show them where they can sit and hand them a few hundred coin wrappers.

What?  My little podunk credit union has a change counter.  We it in ourselves in the lobby and it prints out a receipt to make the deposit with. 

Same here! 

[bookkeeper]

Apr 7, 2023 7:08:28 GMT -5 NoNamePerson said:

Apr 6, 2023 20:05:32 GMT -5 nidena said:

Oh.  She's a "dancer".  And this was last month's tips.

Interesting that her tips are all $1.00 bills. But good haul for one month! 

I have a friend that owns and operates a strip club.  He orders $2 bills to give out as change at his "juice bar".  Double the tips for the girls!

[bookkeeper]

Wells Fargo has removed the coin counting machines from all of their locations that I have been in the last few years.  The only coin counting machines around here are the Coinstar which takes a percentage if you don't accept a gift card as payment.

[TheOtherMe]

My credit union uses a coin counter to count change.  I would not bank at one that gave me coin wrappers.

[Deleted]

This post is bringing memories of the years when we counted the collection for our church.  There was always a fair amount of cash and coin, but Christmas and Easter were particularly challenging as they had a lot of visitors who just tossed $$ in the plate.  Regardless of the day, we had band the bills and roll the coins and write the account number on the bands and wrappers in case the bank's tally showed a discrepancy. 

I recently made a special withdrawal from my bank just to have small bills on hand for various things.  I'm surprised that $100 bills are still in circulation as many businesses refuse to accept them.  My Aldi will take them, but only if the manager verifies them with that chemical pen.  The cashier always holds up $20's to the light to verify them too.  

[billisonboard]

Apr 7, 2023 3:35:00 GMT -5 finnime said:

Annoying, but $1 bills are much safer than $20s and $50s I would think. It would take forever to rob someone with thousands in ones!

pulling them out of her g-string with your teeth would take a while.

[billisonboard]

Apr 7, 2023 9:26:27 GMT -5 soupandstew said:

This post is bringing memories ...

At that point I was wondering where you would go

[Deleted]

Apr 7, 2023 10:13:34 GMT -5 billisonboard said:

Apr 7, 2023 9:26:27 GMT -5 soupandstew said:

This post is bringing memories ...

At that point I was wondering where you would go

[NoNamePerson]

Apr 7, 2023 10:13:34 GMT -5 billisonboard said:

Apr 7, 2023 9:26:27 GMT -5 soupandstew said:

This post is bringing memories ...

At that point I was wondering where you would go

and then threw in the word "church". Glad I kept on reading. 

[haapai]

I used to have an elaborate daydream about coming to own $50,000 in large bills that could not be reported as a windfall because bad people thought it was theirs.  There were all sorts of strategies for breaking down the large bills before they were redesigned and what I would buy with cash.

 Now it's all in singles and it's a lot less fun.  I really can't blame that gal for letting it stack up. 

[jerseygirl]

Colleague who lived in the Netherlands had an interesting story about cash. His dad had lots of cash at home. Authorities didn’t know about the cash
When the country joined the EU the old bills needed to be either converted or spent
His dad bought 2 Mercedes in cash for himself and son

[seriousthistime]

In CA, Bank of America would not run my coins through a coin counter.  They were placed in a heavy plastic bag and sent off site to be counted and deposited to my account.  I was also told if I wanted it deposited without it going off site, I would have to wrap it in paper wrappers.

Is there some new rule about that?  Isn't it better for all (bank and customer) to run it through a coin counter on site?  Wrapped coins could be something other than legit coins. The count could be off by one or two coins.  Etc. 

[nidena]

Nowadays, I think you're lucky if your bank even has people in them.  Like, most of the Chase banks in our city have reduced personnel.

None of our branches have coin counters in them and I'll be damned if I'm going to count a bunch of change for a customer.  Had one come in last week with $20.71 in all coins and she wanted a $20 bill.  I counted and rolled the coins for her--had her do the two dollars in pennies--and that took a lot of time.  And the line of customers got a little deep.

Most customers come in, get a bunch of coin rollers, and then bring them back in their purses/bags.

As much as it's a pain to count all the dollar bills, at least we have a machine. 

[nidena]

Apr 7, 2023 7:53:41 GMT -5 resolution said:

When I went to Poland last spring, I bought Polish currency at my bank and it came mostly in 500 zloty bills, which were worth around $100. I had a lot of problems getting them broken down into smaller denominations in Poland, even the hotels wouldn't take them and asked for smaller bills. So my next trip I will probably overcompensate and me that person carrying a pile of $1 bills everywhere.

I still have an envelope full of $1 bills because my trash person at the old house wanted to be paid in cash, which I would tape to the back door. It was $22 a month, and I was always scrambling to find $2 until I came up with the big envelope of $1s.

In the Foreign Currency Teller that we use, you can request small denominations.

[moon/Laura]

Apr 6, 2023 18:00:35 GMT -5 bookkeeper said:

I have started to pack for the cruise to Alaska.  I hemmed my new rain pants and put a few things into a pile.  Your post reminds me to pack a bunch of $1 and $5 bills for tips along the trip.  Maybe $5 and $10 bills, inflation and all.

I'm going to AZ for 10 days in a couple weeks so this was a good reminder for me, as well. A lot of the places I'm visiting have odd fees ($8) so if they don't take cards, I'll need the singles. Lodging will use $5 or $10 for tips.

[Deleted]

Apr 7, 2023 4:25:37 GMT -5 The Walk of the Penguin Mich said:

Then my bank must have really hated me when I brought in a couple thousand $$ in change and $1 bills.  This was my trip to Greece fund, and by keeping it in an unbroken piggy bank I was able to save.   At the time, it was easier for me to ignore an unknown amount of change in that bank than it was to put it into savings and see the periodic balances. 

The coin was so heavy I had to bring it in in a suitcase with wheels.  

FWIW, we brought about $3000 in cash along on this cruise.  We had $500 in $1, $1000 in $5 and the rest in $10/20s.  We had to scan all the bills for newer bills and had the bank exchange them if they were marked or torn.  Not sure how much we have left, maybe half?  Once we get through the Middle East, we will be switching to euros.  

Our bank is so attuned to the danger that seniors withdrawing large amounts of cash are being scammed in some way that this would cause a major meltdown and visit with the branch manager and maybe someone even higher up.  They need manager approval for our cash withdrawal (usually under $1000) at Christmas for the various tips we give.  I appreciate their vigilance but sometimes it's a bit irritating too

[saveinla]

I don't want to tell you all how much cash I have in my purse (I dont carry it anymore). 

I keep 40$ in my phone case - which is all what I take when I go out.

[The Walk of the Penguin Mich]

Apr 7, 2023 16:54:16 GMT -5 soupandstew said:

Apr 7, 2023 4:25:37 GMT -5 The Walk of the Penguin Mich said:

Then my bank must have really hated me when I brought in a couple thousand $$ in change and $1 bills.  This was my trip to Greece fund, and by keeping it in an unbroken piggy bank I was able to save.   At the time, it was easier for me to ignore an unknown amount of change in that bank than it was to put it into savings and see the periodic balances. 

The coin was so heavy I had to bring it in in a suitcase with wheels.  

FWIW, we brought about $3000 in cash along on this cruise.  We had $500 in $1, $1000 in $5 and the rest in $10/20s.  We had to scan all the bills for newer bills and had the bank exchange them if they were marked or torn.  Not sure how much we have left, maybe half?  Once we get through the Middle East, we will be switching to euros.  

Our bank is so attuned to the danger that seniors withdrawing large amounts of cash are being scammed in some way that this would cause a major meltdown and visit with the branch manager and maybe someone even higher up.  They need manager approval for our cash withdrawal (usually under $1000) at Christmas for the various tips we give.  I appreciate their vigilance but sometimes it's a bit irritating too

I can imagine.  I wonder why the bank thinks that cash withdrawals are a major means of scams? Luckily, we didn’t have anyone looking at us side eyed about it.  TD got cash from the bank and got the $1, I got cash from the ATM that allowed me  to dictate what denominations of bill I wanted.  I got them in a few batches.  
It was interesting that the bills I received from the ATM were in better shape than the bank.  They were pretty peeved at him that we went through them and rejected a bunch.  However, they were being used as tips in foreign countries where USD were preferred (otherwise we tip in local currency) and those bills are not accepted by foreign banks.

[bookkeeper]

Apr 7, 2023 15:07:50 GMT -5 moon/Laura said:

Apr 6, 2023 18:00:35 GMT -5 bookkeeper said:

I have started to pack for the cruise to Alaska.  I hemmed my new rain pants and put a few things into a pile.  Your post reminds me to pack a bunch of $1 and $5 bills for tips along the trip.  Maybe $5 and $10 bills, inflation and all.

I'm going to AZ for 10 days in a couple weeks so this was a good reminder for me, as well. A lot of the places I'm visiting have odd fees ($8) so if they don't take cards, I'll need the singles. Lodging will use $5 or $10 for tips.

We see more restaurants in AZ advertising "cash only" for payment.  The nail salon we visit in AZ also has a sign up to please tip in cash.

[wvugurl26]

The cash thing must be very regional. Most places around here prefer cards. Pretty much all of the large venues we go to no longer accept cash. Most of them have a couple reverse ATMs to load cash into a card. I don't think the theater does though.

My niece is a new hairdresser. She's renting a booth in a salon and she's responsible for her own payments. I guess you could pay cash but it's all set up on her phone so I'm not sure.

Most of the banks I know have gotten rid of the coin counters because they say they are inaccurate and maintenance is expensive. We rolled grandma's change jar and deposited it into her bank account. I've been doing it since I was a kid, it's not a big deal.

I don't get a lot of change so it's not an issue for me. If I have cash on me it's generally for a specific purpose most likely tips and there's no change involved there. I do tip in cash to hairdresser, massage therapist, etc.

[nidena]

Apr 8, 2023 0:39:48 GMT -5 The Walk of the Penguin Mich said:

Apr 7, 2023 16:54:16 GMT -5 soupandstew said:

Our bank is so attuned to the danger that seniors withdrawing large amounts of cash are being scammed in some way that this would cause a major meltdown and visit with the branch manager and maybe someone even higher up.  They need manager approval for our cash withdrawal (usually under $1000) at Christmas for the various tips we give.  I appreciate their vigilance but sometimes it's a bit irritating too

I can imagine.  I wonder why the bank thinks that cash withdrawals are a major means of scams? Luckily, we didn’t have anyone looking at us side eyed about it.  TD got cash from the bank and got the $1, I got cash from the ATM that allowed me  to dictate what denominations of bill I wanted.  I got them in a few batches.  
It was interesting that the bills I received from the ATM were in better shape than the bank.  They were pretty peeved at him that we went through them and rejected a bunch.  However, they were being used as tips in foreign countries where USD were preferred (otherwise we tip in local currency) and those bills are not accepted by foreign banks.

Because they're very common.  If they weren't, AARP wouldn't write about them every 3rd or 4th issue of their newsletter.  I think the gentleman that withdrew $9800 this past week was such a target.  I tried to ask questions to find out if that was the case but I'm not experienced enough to know all the questions to ask.  

[resolution]

A lot of scams use Bitcoin ATMS now. The victim withdraws cash and then deposits it into a Bitcoin ATM in the criminal's account. I googled Bitcoin ATM near me, and was shocked to see how many there were in my relatively unpopulated area. I think the authorities are working to shut as many as possible down.

[Deleted]

Apr 8, 2023 0:39:48 GMT -5 The Walk of the Penguin Mich said:

Apr 7, 2023 16:54:16 GMT -5 soupandstew said:

Our bank is so attuned to the danger that seniors withdrawing large amounts of cash are being scammed in some way that this would cause a major meltdown and visit with the branch manager and maybe someone even higher up.  They need manager approval for our cash withdrawal (usually under $1000) at Christmas for the various tips we give.  I appreciate their vigilance but sometimes it's a bit irritating too

I can imagine.  I wonder why the bank thinks that cash withdrawals are a major means of scams? Luckily, we didn’t have anyone looking at us side eyed about it.  TD got cash from the bank and got the $1, I got cash from the ATM that allowed me  to dictate what denominations of bill I wanted.  I got them in a few batches.  
It was interesting that the bills I received from the ATM were in better shape than the bank.  They were pretty peeved at him that we went through them and rejected a bunch.  However, they were being used as tips in foreign countries where USD were preferred (otherwise we tip in local currency) and those bills are not accepted by foreign banks.

Many seniors fall victim to the "grandparent" scam, the one where someone claiming to be their grandchild calls up and says they are in jail or hospital and need cash immediately etc.  They will send a "friend" to pick up the $$, just meet them at the grocery store.  

Our bank has an exceptionally large number of very affluent senior customers, many well into their late 80's and 90's.  They've been customers of this branch for 50+ years, well known to the staff, and their banking patterns known too.  When Granny comes in all upset and asks for $3000 in small bills, they go on high alert. 

They actually interrupted a really bad situation about 2 years ago.  Many of the senior clients have caretaker/drivers ala Driving Miss Daisy, most long-term companions who are well known to the bank.  One day a client that hadn't seen in some time came in with a new caretaker.  The client was typically impeccably dressed with complete makeup and extensive precious jewelry.  This visit, she was dirty, disheveled, and highly confused.  She wanted to go in her safety deposit box.  The bank allows you to take someone in with you who is not a box holder, but they must present photo ID to be copied and retained on file.  The caretaker got very belligerent and refused to provide her ID.  Sensing something off, the bank surreptitiously contacted the local PD, and invented a "problem" to delay opening the vault with the boxes.  When PD arrived, the caretaker attempted to flee in the victim's Mercedes.  She was apprehended and turned out to have a lengthy history of fraud and abuse of seniors.  Of course, she had already taken all the valuables in the house and was just trying to get whatever she could from the box.  

[TheOtherMe]

The grandparent scam is alive and well here as are various gift card scams.  If you go to any store in town and try to buy a bunch of gift cards, most likely the police will be called to come see if it is a scam.  95% of the time it is.  

Same for senior citizens withdrawing large sums of cash or several withdrawals of cash in a day or two.  Before the police had totally caught on to this, I attended a seminar on these types of scams.  The police officer giving the talk said that the bank calling the police usually stopped it, but many times they were not calling until some money had been withdrawn and was long out of the country.  

He said there was one woman who the bank didn't call the police until she wanted to take out a mortgage on her paid off farm.  That got everyone's attention but she had lost over $100,000 in cash.

I think banks are more sophisticated now.  I hope they are for the sake of seniors losing their life savings.

Thankfully, we didn't have to worry about this with dad because he couldn't hear on the phone, sometimes not hearing us.  He hung up on so many people.  The other thing was he didn't have a car, so he couldn't get to the bank or a place to buy gift cards.

[NoNamePerson]

Apr 8, 2023 10:11:11 GMT -5 TheOtherMe said:

The grandparent scam is alive and well here as are various gift card scams.  If you go to any store in town and try to buy a bunch of gift cards, most likely the police will be called to come see if it is a scam.  95% of the time it is.  

Same for senior citizens withdrawing large sums of cash or several withdrawals of cash in a day or two.  Before the police had totally caught on to this, I attended a seminar on these types of scams.  The police officer giving the talk said that the bank calling the police usually stopped it, but many times they were not calling until some money had been withdrawn and was long out of the country.  

He said there was one woman who the bank didn't call the police until she wanted to take out a mortgage on her paid off farm.  That got everyone's attention but she had lost over $100,000 in cash.

I think banks are more sophisticated now.  I hope they are for the sake of seniors losing their life savings.

Thankfully, we didn't have to worry about this with dad because he couldn't hear on the phone, sometimes not hearing us.  He hung up on so many people.  The other thing was he didn't have a car, so he couldn't get to the bank or a place to buy gift cards.

I've even seen signs at cash register Warning about scammers wanting Gift Cards. Don't remember which store but most likely WM or other grocery store since I'm at stage of life where buying a ton of stuff is over so not a lot of shopping going on.  I'm one of those "senior" citizens and actually got a call from grandson! I went all OMG and carried on to imaginary grandfather about GS being raised from the dead - you get the picture. This was some time ago and to this day I don't know why I answered the phone from unknown number. Heck, I do good to answer known numbers sometimes 

[moon/Laura]

Apr 8, 2023 8:09:29 GMT -5 bookkeeper said:

Apr 7, 2023 15:07:50 GMT -5 moon/Laura said:

I'm going to AZ for 10 days in a couple weeks so this was a good reminder for me, as well. A lot of the places I'm visiting have odd fees ($8) so if they don't take cards, I'll need the singles. Lodging will use $5 or $10 for tips.

We see more restaurants in AZ advertising "cash only" for payment.  The nail salon we visit in AZ also has a sign up to please tip in cash.

Good to know that about the restaurants! That wouldn't have been on my radar at all, so thank you for the heads up.

[NastyWoman]

Apr 8, 2023 9:30:32 GMT -5 resolution said:

A lot of scams use Bitcoin ATMS now. The victim withdraws cash and then deposits it into a Bitcoin ATM in the criminal's account. I googled Bitcoin ATM near me, and was shocked to see how many there were in my relatively unpopulated area. I think the authorities are working to shut as many as possible down.

Live and learn. I had never even heard of bitcoin ATMs so I googled the same you did and there are at least a dozen. Oh well, now I know. I don't really understand bitccoin so I won't deal with it and I can just forget that information again.