Discussions

Does RBC take pre wrapped coin?

Yes

I hope this is true. My son has a piggy bank full of coins we need to roll from his allowance he earns. I would hate to have to take his some where, where they only give you a percentage of what’s actually there!

I know whenever I have taken rolled coin there they want to see my client card and see that I have an account with them.

Thanks! Luckily we are clients! So easy enough

The Credit Union on 18th (behind Applebees) took $7 of rolled up pennies from me less than a year ago.

I have never heard of a bank that you deal with charging you for depositing or exchanging coin. If so, I would quit them immediately.

Slightly off topic I know but there was a minor note in Tuesday's federal budget that said that Canadian $1,000, and $2 and $1 paper bills will not longer be legal tender at some point in the near future.  
 
So, if you have collected any of these paper bills you have a choice - keep them as collectible items or deposit them into your bank account. If you have uncut sheets of $1 or $2 paper bills (many people bought these when the loonie and toonie were introduced) they will need to be cut into separate bills before the bank will accept them for deposit - how precisely do they need to be cut? - I'm trying to find the answer to that question so I've contacted a couple of banks and the Bank of Canada - still awaiting and answer.  
 
Once these paper bills lose legal status (could be as early as May but that's just a guess) then banks and businesses won't accept them - the only institution that would accept them after they lose legal status is the Bank of Canada I believe.