Refusing Money

[rcasi44]

I haven't had any trouble returning my tumbled clad at the bank yet. I read that some guys had banks refuse their change. Can banks refuse legal tender? Rob

 

[Cladius]

I turned in $203.00 today. I rolled it first. What they don't see don't scare them. Cladius.

 

[rcasi44]

Yes, I just turned in $85.00 not rolled. I just what to know if they can legally refuse legal tender(coin of the land)? Rob

 

[Xray]

So long as its identifiable, I don't beleive it can be legally refused.

 

[OZ_IL]

Many moons ago I saw a MD'er (looked to be in his mid 70's) ask a teller if he could bring in money he found MD'ing and she replied "no problem". Of course the bank has been bought out twice since then

My bank has a coin counter (free for customers) so I just run it through there at the end of the year. It will take some pretty good Zlincolns, but more than 1/8th of the penny gone it probably won't go through. I'm saving the rejects up for a mass melt down or something

 

[brooklynct2003]

Walmart, Target, KMart, Stop & Shop, etc all have self service check-out machines. Just throw your money in there.

I jut rinse my coins and bring them there. I actually overpay with my coins, then I get shiny new ones back in change.

 

[Treasurekidd]

I just rinse my clad finds and throw them together with my everyday pocket change, and roll them up together every few weeks. I've never had a problem depositing the rolls and my bank.

 

[Don]

Like XRay said..........A bank can not legally refuse any money as long as it is identifiable. Even if it is no longer circulable, they have to exchange it for you.

 

[RON(PA)]

I wash and/or tumble my clad (if very dirty) and then roll it. I've never had a problem with a bank accepting the rolls. I've rolled my finds for months and have never had a problem.

 

[wescowood]

I just roll mine. As it was said earlier, what they can"t see won"t hurt them. The bank also gives me the coin wrappers to wrap the coins in. When ever I start to run low I just ask the teller at the bank for more wrappers.
HH, Wes.