Do banks check your rolled up coins?
I am from Canada. If I roll up some coins and give them to the bank to exchange for paper money, do they check the coins?
If they check them, what method do they use? Do they weight it or do they break them up and check them one by one? I want to know if I can slip in some American coins in the rolls, because US money are not worth as much as Canadian money, so I wonder if I can make a few bucks using this method. I have a lot of US coins from traveling to the US.
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I believe they do check them. Most use weight, though I have seen some banks use counting machines.
my bank prefers that we do not roll the coins, because the machine they dump them into, to be counted requires that the coins be loose.
I’m in America, and many banks have a machine like that to count the coins and make sure it’s an accurate amount.
Also, any Canadian coins are returned to me. The machine doesn’t count them.
If any Canadian banks use this same method, I’m sure your American coins will be returned to you. You may need to exchange them for Canadian Currency
That’s the purpose of rolling up coins haha
My bank, Barclays, weigh the bags of coins, if they do not weigh the stated weight for that particular coin, then they are tipped out and counted manually.
They do check rolled up coins. They either open the roll or use a scale. It is calibrated according to the different coins used. It is very easy now since the scales are digital, and can tell them exactly how many coins of whatever type they enter are in the roll. This also lets them know when a plug or the wrong coin has been inserted.
-Keith