#61 ·
Kimberly Nguyen, she’s pulling all the strings, playing the game, putting everything right where it belongs... 🙏
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Cash & Bills: Everything you need to know about valid, invalid, or damaged currency
Cash & Bills: Everything you need to know about valid, invalid, or damaged currency
Started by Kevin Edwards35 · · 👁 7 views · 221 replies
#62 ·
So,
I stumbled upon some old Austrian Schillings and German Marks the other day... they add up to about $500 in today's value...
Apparently, you can still exchange these old currencies here in the States by sending them to an exchange department through a bank...
Does anyone happen to know what the exact process is?
The folks over at Chase in Chicago weren't able to give me much of a detailed explanation regarding how this works...
Thanks in advance for any help
I stumbled upon some old Austrian Schillings and German Marks the other day... they add up to about $500 in today's value...
Apparently, you can still exchange these old currencies here in the States by sending them to an exchange department through a bank...
Does anyone happen to know what the exact process is?
The folks over at Chase in Chicago weren't able to give me much of a detailed explanation regarding how this works...
Thanks in advance for any help
#63 ·
I actually switched my holdings from Deutsche Bank over to the Federal Reserve a few months back—the commission was sitting at a hefty 10% at the time!
#64 ·
So, here’s the situation: I’ve got some loose change sitting in my coin jar—maybe about 50 bucks or so—and I was wondering how I can actually turn that into paper bills? Or, if it's even possible, could I just deposit it directly into a foreign currency savings account?🤷
I'm working with JPMorgan Chase here. Thanks in advance for any help!👍
I'm working with JPMorgan Chase here. Thanks in advance for any help!👍
#65 ·
@ Nicholas Turner
thanks
btw: I switched brands today, and even at the Federal Reserve they have no clue where I can exchange my Associated Press...
thanks
btw: I switched brands today, and even at the Federal Reserve they have no clue where I can exchange my Associated Press...
#66 ·
Is there still any way to swap out old Lira or German Marks? Where would I even go to do that?🤷
#67 ·
You can probably hit up any bank, honestly. They’ve still gotta keep those specific exchange rates on hand for expired currency and stuff. It’s not like we're talking huge money here, but I guess if you can swap it out, why wouldn't you? 😉
#68 ·
goldenpilot15 said:So, here’s the situation: I’ve got some loose change sitting in my coin jar—maybe about 50 bucks or so—and I was wondering how I can actually turn that into paper bills? Or, if it's even possible, could I just deposit it directly into a foreign currency savings account?🤷
I'm working with JPMorgan Chase here. Thanks in advance for any help!👍
I'm not sure about JPMorgan Chase, but at Wells Fargo, I always just handed over my coins and they'd swap them for cash right then and there.
🙂
#69 ·
goldenpilot15 said:So, here’s the situation: I’ve got some loose change sitting in my coin jar—maybe about 50 bucks or so—and I was wondering how I can actually turn that into paper bills? Or, if it's even possible, could I just deposit it directly into a foreign currency savings account?🤷
I'm working with JPMorgan Chase here. Thanks in advance for any help!👍
Look, the coins are legal tender. Just walk into the bank, be polite, say "good morning," and tell them you want to deposit your cash into your savings account. Should be zero issues... ☕
#70 ·
You sure about that?
From what I gather, you can only swap them at a local bank in the country where the currency is actually used—though our banks here could probably buy them from you and wire them over, provided you're okay with paying some hefty fee.
From what I gather, you can only swap them at a local bank in the country where the currency is actually used—though our banks here could probably buy them from you and wire them over, provided you're okay with paying some hefty fee.
#71 ·
The Federal Reserve is swapping out those old Deutsche Marks—charging a 10% fee, mind you—just like I mentioned right here .
#72 ·
Terry Howard said:You sure about that?
From what I gather, you can only swap them at a local bank in the country where the currency is actually used—though our banks here could probably buy them from you and wire them over, provided you're okay with paying some hefty fee.
Yeah, my bad, I totally blanked on that. It’s basically like sending cash for collection, except the bank is obviously going to take a cut for the trouble.
Speaking of which, who even bothers exchanging British coins around here?
#73 ·
I remember back in the day, you could just toss your spare change into that little exchange booth at the Chase branch downtown
I wonder if they still let you do that 🤷
Since you’ve spent your whole career working in the banking sector, I figured you’d be the one to tell me 😬
I think there might be a way to deposit pounds—not pence, mind you—directly into a foreign currency account, though I can't say for certain...
I wonder if they still let you do that 🤷
Since you’ve spent your whole career working in the banking sector, I figured you’d be the one to tell me 😬
I think there might be a way to deposit pounds—not pence, mind you—directly into a foreign currency account, though I can't say for certain...
#74 ·
Richard Lewis16 said:I remember back in the day, you could just toss your spare change into that little exchange booth at the Chase branch downtown
I wonder if they still let you do that 🤷
Since you’ve spent your whole career working in the banking sector, I figured you’d be the one to tell me 😬
I think there might be a way to deposit pounds—not pence, mind you—directly into a foreign currency account, though I can't say for certain...
I actually went ahead and asked my crew over at the treasury, and their manager told me nobody even touches those coins anymore. If the banks won't buy them from you, then I guess you can't deposit them into a foreign account either. Whatever. I'll just keep them as souvenirs. 😉
#75 ·
hmm, I actually had no idea about that
It sounds pretty ridiculous to me... I mean, I’ve got some pounds sitting in my foreign currency account from my trip over there, so you're telling me I can't even withdraw 105 pounds?
Honestly, it feels like a really poorly thought-out move by the board...
I totally get why they wouldn't just hand over $600 or a few thousand Swedish krona right at the teller window—you obviously have to order specific amounts ahead of time—but I didn't realize they didn't carry any small denominations at all
Maybe try swapping them out at a currency exchange booth down by the coast... you'll take a bit of a hit on the exchange rate, but hey, that's just how it goes sometimes😁
And just keep a few pennies as a souvenir... or maybe use them for something small the next time you find yourself traveling north😬
It sounds pretty ridiculous to me... I mean, I’ve got some pounds sitting in my foreign currency account from my trip over there, so you're telling me I can't even withdraw 105 pounds?
Honestly, it feels like a really poorly thought-out move by the board...
I totally get why they wouldn't just hand over $600 or a few thousand Swedish krona right at the teller window—you obviously have to order specific amounts ahead of time—but I didn't realize they didn't carry any small denominations at all
Maybe try swapping them out at a currency exchange booth down by the coast... you'll take a bit of a hit on the exchange rate, but hey, that's just how it goes sometimes😁
And just keep a few pennies as a souvenir... or maybe use them for something small the next time you find yourself traveling north😬
#76 ·
Richard Lewis16 said:hmm, I actually had no idea about that
It sounds pretty ridiculous to me... I mean, I’ve got some pounds sitting in my foreign currency account from my trip over there, so you're telling me I can't even withdraw 105 pounds?
Honestly, it feels like a really poorly thought-out move by the board...
I totally get why they wouldn't just hand over $600 or a few thousand Swedish krona right at the teller window—you obviously have to order specific amounts ahead of time—but I didn't realize they didn't carry any small denominations at all
Maybe try swapping them out at a currency exchange booth down by the coast... you'll take a bit of a hit on the exchange rate, but hey, that's just how it goes sometimes😁
And just keep a few pennies as a souvenir... or maybe use them for something small the next time you find yourself traveling north😬
The smallest bill banks usually dispense is five bucks, so you could grab a $5 bill, but nothing smaller than that.
As for the change I've got lying around (two $1 bills, one $1 bill, and three quarters), I'll go ask around somewhere and let you know.
#77 ·
I was looking at some travel blogs about Australia, specifically reading about how supposedly indestructible the Australian dollar is.
Then I find my old 50 AUD bill that I’ve been keeping as a souvenir, and I decide to see if I can actually tear it.
And wouldn't you know it—I actually managed to do it. I barely even tried, yet there it is.
Does anyone have any suggestions on what to do with a torn banknote?
Should I try taping it back together and taking it to a bank...
Or anything else? 😢
Then I find my old 50 AUD bill that I’ve been keeping as a souvenir, and I decide to see if I can actually tear it.
And wouldn't you know it—I actually managed to do it. I barely even tried, yet there it is.
Does anyone have any suggestions on what to do with a torn banknote?
Should I try taping it back together and taking it to a bank...
Or anything else? 😢
#78 ·
Don't spend too much time staring at the TV—it tends to rot your brain 😁. If you head into a high-end place like a Chase branch, they might try to swap out your bill while tacking on some ridiculous "service fee." They’ll scan it, run some shady little calculation, and suddenly you're shortchanged based on whatever nonsense they decide you owe. If the bill is just slightly torn, you might actually get lucky and walk away without them nickel-and-diming you.
#79 ·
Just tape it up and take it to your local Chase branch—if you’ve got a foreign currency account there. If they think it's too beat up, they'll send it off for verification (you'll pay a fee), then they just credit your account once it clears. Honestly, they might even just cut you a check right then and there.
If the bill is physically whole—like, not a single scrap missing—they might skip the formal verification process entirely. But if even a tiny piece is gone? Yeah, it’s going straight to processing.
Bottom line though—as long as the bill is legit, it’s really not a huge deal.
If the bill is physically whole—like, not a single scrap missing—they might skip the formal verification process entirely. But if even a tiny piece is gone? Yeah, it’s going straight to processing.
Bottom line though—as long as the bill is legit, it’s really not a huge deal.
#80 ·
Jeffrey Johnson2 said:Just tape it up and take it to your local Chase branch—if you’ve got a foreign currency account there. If they think it's too beat up, they'll send it off for verification (you'll pay a fee), then they just credit your account once it clears. Honestly, they might even just cut you a check right then and there.
If the bill is physically whole—like, not a single scrap missing—they might skip the formal verification process entirely. But if even a tiny piece is gone? Yeah, it’s going straight to processing.
Bottom line though—as long as the bill is legit, it’s really not a huge deal.
Money isn't missing a single piece; it’s been split, though both halves remain perfectly intact. 🙂
Thank you. 😉
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