Cryptocurrency Q&A
Will my bank count my coins for me?
Will my bank count my coins for me?
Sara
Tue Oct 29 2024
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5 answers
775
I have a lot of coins and I'm wondering if my bank would be willing to count them for me. I don't want to spend time counting them myself, so I'm hoping the bank can do it for me.
5 answers
Valentino
Thu Oct 31 2024
Banks do not manually count coins. Instead, they rely on machines to process them, which provides some data on the contents.
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Sara
Thu Oct 31 2024
Coins are not considered a typical deposit item. When depositing coins, banks often charge a fee for counting them.
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Stefano
Thu Oct 31 2024
The counting fee for coins can range from 6.5% to 11%, depending on various factors.
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IncheonBeautyBloom
Thu Oct 31 2024
In addition to the counting fee, there is also a fee for shipping the coins to the counting machine.
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Valeria
Wed Oct 30 2024
The availability of counting machines is limited, with not even one per state in the US.
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