Asda money changing thingy

24

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  • photome
    photome Posts: 16,361 Forumite
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    I saw someone use a coin counter in asda recently they counted out just over £1200 at a charge of around £90, they must be mad.
  • marleyboy
    marleyboy Posts: 16,698 Forumite
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    Rubber_Duck wrote:
    I have no idea why people use these, a little time out of your day and you save this money instantly by bagging the coins yourself.

    The last time I went into my bank RBS with copper, I was first told to seperate all the coins (already seperated) into individual value bags, 50 pennies, 20 x 2p 50 x 5p, and so on, after going through all this, and the fact you need to be an existing customer with the bank. I was still charged a servicing fee. So for the convenience, that extra quid I would save via the old fashioned bag it n tag it, and pay for the service anyway, is neither here nor there, I think thats why most people use them. And for those whom dont have a bank account. (ever tried opening an account if you havent had one?). Its a far easier and convenient method, unless your going to use it at the till to pay for your groceries.
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  • martinmarv
    martinmarv Posts: 191 Forumite
    If you give to charity, you could use the coins for your donations. I save mine up until I have a full jar, and then take them along to a local charity shop...
  • penrhyn
    penrhyn Posts: 15,215 Forumite
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    Info on Coinstar machines:
    http://www.coinstar.co.uk/uk/WebDocs/A1-1
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  • kittykate_2
    kittykate_2 Posts: 1,834 Forumite
    7p in a pound i think
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  • JimmyZ
    JimmyZ Posts: 57 Forumite
    no charge for under a pound though!

    (found that out when i changed some coppers that turned out to be 99p !)
  • Deedee73
    Deedee73 Posts: 604 Forumite
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    JimmyZ wrote:
    no charge for under a pound though!

    (found that out when i changed some coppers that turned out to be 99p !)

    cool, next time I go to Asda, I'll take 2p out of every bag of copper, and redeem them one by one:rotfl: !!! LOL
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  • sheeny_2
    sheeny_2 Posts: 87 Forumite
    I was in Woolworths a couple of months ago and they had little 'coin sorter' machines on offer.
    I was amazed how cheap they were - only about £20.

    I just Googled for "coin sorter" and found them on the Amazon and Maplin Electronics websites, too.
    They're on Ebay too, but make sure these are suitable for UK coins..

    So why not get your own machine, instead of paying those bandits at the supermarket? ;)
  • quoia
    quoia Posts: 14,435 Forumite
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    sheeny wrote:
    I was in Woolworths a couple of months ago and they had little 'coin sorter' machines on offer.
    I was amazed how cheap they were - only about £20.

    I just Googled for "coin sorter" and found them on the Amazon and Maplin Electronics websites, too.
    They're on Ebay too, but make sure these are suitable for UK coins..

    So why not get your own machine, instead of paying those bandits at the supermarket? ;)

    I was going to make this suggestion earlier if the actual sorting and counting bit is "the problem" rather than taking them into a bank or similar.

    I've seen these for as little as £5.99
    My local Woolworths has 2 sorts at the minute - I think both are half price at £14.99 and £19.99 (the latter being the "Deluxe plus")
    Having said that I know I've seen Woolworths selling one for £9.99 not long ago.

    The one I looked sometime ago automatically stops if any of the "sorted columns" reached a "full" position

    There appear to be 3 online at Woolies including the £14.99 one

    http://www.woolworths.co.uk/ww_p2/search/search.jhtml?disableGlobalFredHopper=true&_requestid=81208
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  • pstones578
    pstones578 Posts: 480 Forumite
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    Rubber_Duck wrote:
    As far as I am aware the coin sorting machines can charge between 6% and 9%.

    I have no idea why people use these, a little time out of your day and you save this money instantly by bagging the coins yourself.

    I personally am an avid money saver. The money saving is always balanced against the time it takes me to save the money though and I can't just justify the time spent in counting a lot of coins when I can take them to one of these machines and pay 8% to have the money counted and dealt with probably 200 times faster than I could do it. It's just a waste of my time.
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