BLK ALERTS

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    ‘Snowfall’ Spinoff Starring Gail Bean In Early Development At FX With ‘Captain America 4’ Writer – Shadow and Act

    March 30, 2023

    Megan Thee Stallion, Lauryn Hill to headline 2023 ESSENCE Fest

    March 30, 2023

    Bryant Gumbel to become first Black journalist to receive Sports Emmy lifetime achievement award

    March 30, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram Vimeo
    BLK ALERTS
    Subscribe Login
    • Home
    • Lifestyle
    • News
    • Crime
    • Entertainment
    • Opinion
    • Sports
    • Politics
    BLK ALERTS
    Home»Business»Community Bank is Paying People to Bring in Spare Change
    Business

    Community Bank is Paying People to Bring in Spare Change

    Taylor BerryBy Taylor BerryJuly 20, 2020No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A Wisconsin bank has thought of a creative way to fix the coin shortage problem a lot of businesses are facing because of the coronavirus.

    What We Know:

    • The Community State Bank is helping local businesses struggling because of the nationwide coin shortage caused by the coronavirus pandemic. The bank launched a Coin Buy Back Program on Wednesday. This program offers a $5 bonus for every $100 worth of coins turned in to any of its seven locations regardless if a person is a bank customer or not. People can receive up to a maximum coin bonus of $500.
    • “We knew we needed to figure something out,” Community State Bank Vice President Neil Buchanan said. “We hate the idea of telling our customers, ‘No, we can’t give you one of the services we’re proud to provide,’ so we came up with a creative way to get things done. Just because this hasn’t been done before doesn’t mean it isn’t going to work — and it has already made a huge difference.”
    • Days after the program launched, a lot of people dropped off their spare change, making an impact on the businesses that were struggling, according to Buchanan. Those who bring coins will receive their money in cash or as direct deposits and are not being charged for coin counting transactions. Some people even dropped off their coins without asking for anything in return.
    • The coin shortage is one of the results of the partial closure of the economy caused by the virus. Some national retailers like Wawa and CVS are asking customers to pay with exact change or are offering programs where customers can donate their change to charity.

    “Our businesses have reached out just voicing their appreciation for their local bank coming up with a creative way to help them eliminate a challenge that many businesses across the country are facing,” Buchanan said.

    The bank is continuing its program until there is no longer a demand.

    bank business coin shortage Community State Bank Coronavirus Headlines Wisconsin
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleNBA and Russell Westbrook Partner to Create Social Justice Shirts
    Next Article House Democrats Urge Probe into Trump’s Use of Federal Officers to Quell Protests
    Taylor Berry
    • Facebook
    • Twitter
    • Instagram
    • LinkedIn

    I am a third-year Journalism major at Florida A&M University (Go Rattlers!), I am originally from Fort Lauderdale, FL, and I am an Intern at BNA. I previously wrote for the FAMUAN, Journey Magazine, and Society19, and am grateful to be writing for BNA, an experience I love and appreciate. I grew up listening to all kinds of music but mainly Gospel, Country, and Rock. One thing I can promise readers, I will continue to work hard to get the information you want and need out.

    Related Posts

    Jonathan Majors Presents Text Messages From Woman Denying Assault Accusations, But Will It Help?

    March 30, 2023

    Flo Rida’s 6-Year-Old Son In ICU With Serious Injuries After Falling From Fifth Floor Apartment Window

    March 30, 2023

    Alleged Jonathan Majors Accuser’s Texts LEAK … Says Woman Admitted Fault | VIDEOs

    March 30, 2023

    Rosie Perez Says She and Spike Lee ‘Made Up’ After She Dissed Her Nude Scene in ‘Do the Right Thing’

    March 30, 2023
    Our Picks

    Jonathan Majors Presents Text Messages From Woman Denying Assault Accusations, But Will It Help?

    March 30, 2023

    Flo Rida’s 6-Year-Old Son In ICU With Serious Injuries After Falling From Fifth Floor Apartment Window

    March 30, 2023

    Nashville School Shooter Sends Alarming Instagram Messages To Former Teammate Before Rampage

    March 29, 2023

    ‘Love After Lockup’ Star Derek Warner Arrested For Assault, Fans Speculate His Girlfriend Monique Bailed Him Out

    March 29, 2023
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    Shadow and Act

    ‘Snowfall’ Spinoff Starring Gail Bean In Early Development At FX With ‘Captain America 4’ Writer – Shadow and Act

    By Shadow And ActMarch 30, 20230

    Megan Thee Stallion, Lauryn Hill to headline 2023 ESSENCE Fest

    March 30, 2023

    Bryant Gumbel to become first Black journalist to receive Sports Emmy lifetime achievement award

    March 30, 2023

    Museum of Modern Art apologizes for ejecting a Black artist from its ‘Black Power Naps’ exhibit

    March 30, 2023

    Subscribe to Updates

    Get the latest creative news from BLK ALERTS about our community.

    About Us
    About Us

    Your source for all things BLACK. BLKALERTS is crafted specifically for humans of the Brown and Black experience. The BLKALERTS app is available in all app stores.

    We're accepting new partnerships right now.

    Email Us: connect@blkalerts.com
    Contact: +1-929-251-6500

    Our Picks

    NBA Draft and More Trade News

    November 19, 2020
    Facebook Twitter Instagram Pinterest
    • Home
    • News
    • Entertainment
    • Politics
    • Crime
    • Sports
    • Careers
    © 2023 BLKALERTS is part of Urban Newsroom. Powered by UNMUTED NETWORKS.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?