how does the bank know they are all really coins and how do they trust you since they don't count it???
2007-02-22 07:45:52 · 12 answers · asked by mike 1 in Business & Finance ➔ Other - Business & Finance
The banks that I have been to usually counts them or knows my account number and counts it later.
2007-02-22 07:48:48 · answer #1 · answered by Steph 4 · 0⤊ 0⤋
They put it in a coin counting machine. At least I think they do and don't they have you put your name on it so they know where the money came from? I went to a bank once ( I was a customer ) and I tried to deposit all my kids change into a savings account they had to send the change off so it could be counted at there larger bank because they sadi they didn't have the machine at there branch. The manager said they use a coin counting machine.
2007-02-22 07:51:26 · answer #2 · answered by Chrissy #1 4 · 0⤊ 0⤋
Well, usually they will count it all at the end of the day and if you are off they'll take it out of your account or add it to your account depending if you have too much in a roll or to little in there. I also know that they sometimes have coin counters that will spit out stuff that's not money and only count the coins.
2007-02-22 07:54:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They have coin counters, non coins will be sorted out there. They are counted. Counted when they go in, and when they go out.
2007-02-22 07:51:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋
They cut open the rolls. And they probably have some machine that sorts it anyway. If they aren't coins, they don't get deposited.
2007-02-22 07:48:59 · answer #5 · answered by Mickey M 1 · 0⤊ 0⤋
they do count it just not that second. i had a mexican coin mixed in a roll of quarters once they called me few days later and said they deducted 25 cents from my account. they keep track apparently of who brings in what till they doublecheck.
2007-02-22 07:52:39 · answer #6 · answered by B vitamins leafy veggie protien 2 · 0⤊ 0⤋
Quarter
2016-05-23 23:41:38 · answer #7 · answered by Anonymous · 0⤊ 0⤋
If they accept them, They do count them after the fact; and if you shorted them, they'll adjust the deposit. Any more, it's difficult to find branches that will accept coin rolls.
2007-02-22 07:50:38 · answer #8 · answered by Rob D 5 · 0⤊ 1⤋
They do count it -- later that day. And if you come up short, they simply deduct what is owed from your checking or savings account. That's why you have to put your account number on the wrappers.
2007-02-22 07:48:35 · answer #9 · answered by kja63 7 · 1⤊ 0⤋
By both the size and the weight.
2007-02-22 07:50:30 · answer #10 · answered by Terry B 1 · 0⤊ 0⤋