What can I do with quarters?

[Robert Lindsley]

Hey there,

I just put in a laundry room in one of my buildings and I'm wondering what people do with their quarters.  I tried to deposit them at my local credit union, but they won't take rolled quarters and they want 8% to use their coin counter.  Call me crazy but I really don't want to give a bank 8% of my laundry business for counting some coins.

Any thoughts on what I can do with the quarters?  They're rolled and ready to be deposited :)

Thanks!
Robert.

[Dale Walker]

Open an account at a different bank. Some do accept cash. All types of cash. 

[Karl B.]

My bank has a coin machine and they don't charge me. 

Check and see if any of your local banks have a coin sorter. You may need to open a checking account to not be charged a % (non-members of my bank have to pay a few percent to use their coin sorter).

I believe Coinstar (a popular coin-sorting company) doesn't charge fees when you convert your coin total to an Amazon gift card (as opposed to receiving cash which they charge a % for). If you're an active buyer on Amazon that can be considered as well. 

[Theresa Harris]

Offer to sell them back to your tenants?  They'll need more to do laundry and you have them.

[Michael P.]

Go to the arcade and play Mortal Kombat?

Go on a scavenger hunt to find a working pay phone?

Write a B on them with black marker and sell them as Bitcoins?

Buy a house in Detroit?

[Sylvia B.]

You need a new bank.

[Chris Szepessy]

I agree with @Sylvia B. What bank does not accept cash? My local credit union stopped using the coin counter because it was getting broken every other day with people putting things other than coins in there, but they still accept rolled coins. You put your name/account number on the rolled coins and you can deposit them or trade them for bills.

[Gus Kazek]

@Robert Lindsley Get to know a local small bank, they barely have anything going on most of the time and would love to count your quarters for free. I know this personally growing up in a small town that has only two banks located in neighboring rural towns

[Karen O.]

Some banks will accept the change without charge if you open an account.  I'd call around and find one that does.  

Would it make sense to add a change machine at the property?  

[Charlie MacPherson]

@Robert Lindsley Rockland Trust has coin machines at some (not all) locations.  

As a bad Plan B, many supermarkets have CoinStar machines - but they take something like 8%.

[Nathan Gesner]

Find a new bank. I use a local credit union and they don't charge anything for their coin counter. In fact, they have almost no fees at all whereas Wells Fargo wanted to charge me over $500 to maintain the same number of accounts because they were business accounts. It's well worth it to shop around.

[Joe Splitrock]

@Robert Lindsley some banks are no longer taking coins for free, including some larger chain banks. I would talk to the bank manager and explain, one of two things will happen:

1. Take my coins with no charge.

2. I will go to a different bank that values my business.

Banking is very competitive. Most banks want investors because of the deposit and loan business they can generate. 

[Shane Smith]

Its legal tender, spend it. At least its not nickels and dimes.

[Robert Lindsley]

Thanks everybody for your thoughts.  It sounds like the best option is to just find a new bank and open an account that accepts quarters (or play Mortal Kombat lol).

Thanks!
Robert.