Fees for coin-counting services

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Question:

Are there federal statutes or regulations governing the use of self-serve coin sorting kiosks, where the customer receives a voucher for the deposited coins that it redeems with a teller? Is there a limit to the fee that may be charged?

Answer:

I have never heard of a limit, other than that based on your processes and the market. If there are controls, likely they'd be at the state level. In that this is not tied to an account relationship, I wouldn't think that likely.

First published on BankersOnline.com 1/3/05