What can I do with quarters?

Question

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.

Account Closed · Answer

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. · Answer

You need a new bank.

Theresa Harris · Answer

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

Joe Splitrock · Answer

@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.

Dale Walker · Answer

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

Karl B. · Answer

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.

Nathan Gesner · Answer

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.

Robert Lindsley · Answer

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.

Shane Smith · Answer

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

What can I do with quarters?

What can I do with quarters?

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