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pickup/dump banks

PostPosted: Mon Jul 25, 2011 4:21 pm
by stonewallrabbitry
I know that I can't dump my zinc at the same bank as i pickup my pennies at but can I dump them at the same bank but a different branch? Example BOA in one town for pickup and BOA in another for dump or would I get my dump pennies back? I am goiing through thee boxs a week

Re: pickup/dump banks

PostPosted: Mon Jul 25, 2011 4:24 pm
by ed_vantage17
I do the same thing, dump at one Chase and pick up at another. Still pulling the same 28%-32% I always do. Pennies get around, unlike halves so getting your old coins back is not likely. The main reason to separate pick-up from dump is to keep your tellers happy.

Re: pickup/dump banks

PostPosted: Mon Jul 25, 2011 4:29 pm
by wpd7
Except that BoA does bags for bulk deposits so in effect you're diluting your coin supply since it goes directly back to the distributor.

Re: pickup/dump banks

PostPosted: Mon Jul 25, 2011 4:30 pm
by ed_vantage17
wpd7 wrote:Except that BoA does bags for bulk deposits so in effect you're diluting your coin supply since it goes directly back to the distributor.

Three boxes a week is a spit in the ocean as far as BofA is concerned.

Re: pickup/dump banks

PostPosted: Mon Jul 25, 2011 4:52 pm
by GTOJohn
i've seen tellers move between branches - and then you are snagged.
i feel supply and dump banks should be different banks - not just different branches of the same bank.
it does help with your supply if you can tell the head teller you are not going to be bringing the coins back to them or any of their other branches.
that's just me.

Re: pickup/dump banks

PostPosted: Mon Jul 25, 2011 5:55 pm
by inflationhawk
I agree with John. There really is very little risk that you would ever see the same pennies again. The risk is more that a roving teller catches you and then you could be out both a dump bank AND a pick up bank. If at all possible, use separate bank chains for dump and pickup.

Re: pickup/dump banks

PostPosted: Mon Jul 25, 2011 6:01 pm
by stonewallrabbitry
I am going to be picking up the boxs of pennies and my girlfriend will be dumping them at a different branch, we have never been in either branch together so none of the tellers will know that she is dumping pennies that I picked up

Re: pickup/dump banks

PostPosted: Mon Jul 25, 2011 7:58 pm
by NotABigDeal
I pick up and dump at different branches of the same bank. Never an issue.

Deal