Banking coins
 

[Closed] Banking coins

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Got a change jar at home. With the upcoming demise of the round pound how do I deposit £200+ of assorted change. Will the bank take a big jar of a mix, or sorted into denominations or bagged in change bags? Given that I've sorted most of it each option takes equal effort.


 
Posted : 26/09/2017 8:40 am
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My local Morrisons has a change sorting machine - you just pour it in and it issues a voucher to get cash from Customer Services. It takes a percentage, mind.


 
Posted : 26/09/2017 8:41 am
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Places like Asda and Tesco have change taking machines, might cost a small fee but they do various options in exchanging for cash or onto cards etc.

Banks aren’t keen unless it’s bagged in specific amounts/same coins..


 
Posted : 26/09/2017 8:42 am
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Find some kids, get some coin bags from the bank, might give an hour or two of piece and quiet. Does depend a lot in the particular kids though.


 
Posted : 26/09/2017 8:43 am
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My bank (HSBC) has a change counting machine like those in the supermarket but it pays the cash straight into your account without charging.


 
Posted : 26/09/2017 8:43 am
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Yeah ask your bank if they have a coin machine at a branch near you.

With HSBC you can ask on their FB page and they'll look it up for you.


 
Posted : 26/09/2017 8:45 am
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Bank will probably only take it bagged in change bags, as they use scales to check. Coin counters at supermarkets are ok for coppers but take up to 10% so that's a lot on pound coins and 50's.

If you're on friendly terms with your local newsagent/corner shop then check with them. I used to love getting change when I had my shop as it saved a fortune in bank charges.


 
Posted : 26/09/2017 8:45 am
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As above, the supermarket ones are a rip off (at least the Tesco one near me is)


 
Posted : 26/09/2017 10:04 am
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As above, HSBC will do it but only if you bank with them.

Metro bank have free machines and you don't need to bank with them.


 
Posted : 26/09/2017 10:18 am
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Some Natwest's also have the machines


 
Posted : 26/09/2017 10:21 am
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I've a gallon sized whisky bottle full of change! No pound coins though.

I grab a load of the plastic bags from the bank then count out the right amount for each coin and put into a bag for each. We've a set of counterbalance kitchen scales so it's just a case of grabbing the bag of twenty pence coins or whatever then putting enough 20p coins in the scales' bowl until it balances, bag and repeat.

Takes a while but it's a pleasantly mindless sort of task.


 
Posted : 26/09/2017 10:31 am
 Drac
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I use change machines at supermarket the small fee they charge if far less than the time it takes it count and bag up individual coins.


 
Posted : 26/09/2017 10:34 am
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Aye the dining room ramble has nice little piles of coins all over it. I'll pop into bank and get a lot of bags. £93 in pound coins and it would appear 20p pieces are the most abundant followed by 5p pieces. TBF I was bored.


 
Posted : 26/09/2017 10:37 am
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As above - we have some electronic scales so we just count one bag and then bag subsequent bags at teh same weight.

Did you known that £1 in 2p coins weighs the same as £1 in 1p coins, same for 5p/10p and 20p/50p too IIRC.


 
Posted : 26/09/2017 11:54 am
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Counting £200 in pound coins won't take any time. Stack them in piles of 5 and count them. Bank will provide bags for the asking.

Coppers go to the rip off machines as they're worth nothing - a coffee jar is only a couple of quid of coppers.


 
Posted : 26/09/2017 12:17 pm
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just use them in the self service checkout machines at the supermarket... at a quiet time of course so others don't get pissed off!


 
Posted : 26/09/2017 12:39 pm
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^ +1 to that I occasionally buy a pastry in the local coop when I've got a pocketful of change and get it swapped for a handful of pound coins.

Since it's only the old pounds you need rid of I don't see the problem...just spend them!


 
Posted : 26/09/2017 12:47 pm
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Some Natwest's also have the machines
My Natwest has 2 machines, one is a lot slower & has a coin limit but pays directly into your account, the other is fearsomely quick (you could just empty a bucket of coins into it!) but for some reason then spits out a receipt that you have to take to the teller to pay in. Quite like building up the change jar and using them every now and then!


 
Posted : 26/09/2017 1:42 pm
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+1 for self checkouts. I've had a £20 note out of one when the kids handed me a load of shrapnel to buy them something online.


 
Posted : 26/09/2017 1:46 pm
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If we spent them there wouldn't be a collection of them. It'll pay for a night away and a nice meal (near inners) and make it effectively free.


 
Posted : 26/09/2017 6:03 pm
 kcal
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My RBS has a change counting machine - shopkeepers and taxi drivers use it a lot but it's for all customer use - pour it in, collect a voucher and they'll give you cash or deposit to account.


 
Posted : 26/09/2017 6:18 pm
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I'm glad I saw this - had no idea the old ones were being scrapped and I've got a couple of hundred in a mug!!

Best get spending :mrgreen: :mrgreen:


 
Posted : 26/09/2017 6:26 pm