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  • FIRST POST
    faraday
    0 WOW
    Loose change - best place to cash in?
    • #1
    • 14th Dec 08, 10:46 AM
    0 WOW
    Loose change - best place to cash in? 14th Dec 08 at 10:46 AM
    Hi,

    Not sure where this goes, but I reckon it's 'old style' saving.

    Over the last year I've been filling a Whisky tube with my loose change, anything less than 20p goes in. I reckon there's a good 40 quid in there which will pay for some festive Whisky (will get a couple of decent bottles with the Christmas discounts in the supermarkets!).

    So, I was thinking about taking it to one of the Coinstar machines, but they take commission and another percentage for charity.

    Would I get funny looks if I took it to the Bank? Will they give me money bags to count out the change?

    Or do I go in to Tescos and use the self service counter and put the loose change in coin by coin ?
Page 1
  • frugallass
    • #2
    • 14th Dec 08, 10:50 AM
    • #2
    • 14th Dec 08, 10:50 AM
    some banks only allow a certain amount of bags and some banks need proof that you are one of their customers if you aren't depositing the money

    I always take mine to coinstar, I really don't mind paying the commission
  • misskool
    • #3
    • 14th Dec 08, 10:51 AM
    • #3
    • 14th Dec 08, 10:51 AM
    Banks will give you loose change bags. Bag them up and bank it in. The cashier will weigh the bags when you hand them in and credit your bank account.

    If spending it at a supermarket, there's a limit to how much a certain type of change is legal tender. I think it's £2 for 1p and 2p's. not sure of the others.

    I detest the coinstar machines that people use as they take so much of your money away.
    • DianneB
    • By DianneB 14th Dec 08, 10:53 AM
    • 774 Posts
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    DianneB
    • #4
    • 14th Dec 08, 10:53 AM
    • #4
    • 14th Dec 08, 10:53 AM
    Hi, well done!! first of all go to the bank and ask for a whole heap of copper and silver bags, come home count it all out then take it back, the cashier will then weigh the bags and give you the dosh!! Whatever you do don't take the cash loose you will be blacklisted forever! Then sit back and enjoy the Whiskey.
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    • Triker
    • By Triker 14th Dec 08, 10:53 AM
    • 7,072 Posts
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    Triker
    • #5
    • 14th Dec 08, 10:53 AM
    • #5
    • 14th Dec 08, 10:53 AM
    HSBC have their own coinstar type change machines which are free for account holders to use.

    My DD has an account with them so I use her card in the slot, plonk all the change in and it counts it it up puts it into her account which I then get the money from.
    DFW Nerd 267. DEBT FREE 11.06.08
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    • Penelope Penguin
    • By Penelope Penguin 14th Dec 08, 10:57 AM
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    Penelope Penguin
    • #6
    • 14th Dec 08, 10:57 AM
    • #6
    • 14th Dec 08, 10:57 AM
    There's a similar thread here I'll move this thread to that board and it may get merged.
    Badgers at the bottom of our garden
    • ali-t
    • By ali-t 14th Dec 08, 7:58 PM
    • 3,582 Posts
    • 5,521 Thanks
    ali-t
    • #7
    • 14th Dec 08, 7:58 PM
    • #7
    • 14th Dec 08, 7:58 PM
    Hi,


    Would I get funny looks if I took it to the Bank? Will they give me money bags to count out the change?
    Originally posted by faraday
    many banks refuse to take bags of change. I am with the A&L and they only take 5 bags in any day from each person. Check before you go down as the refusal from the did offend me I then took the bags to the post office and they paid them into my A&L account which was bizarre but did the job.
    If you always do what you have always done, you will always get what you always got!
    • juno
    • By juno 14th Dec 08, 8:06 PM
    • 6,362 Posts
    • 9,017 Thanks
    juno
    • #8
    • 14th Dec 08, 8:06 PM
    • #8
    • 14th Dec 08, 8:06 PM
    I took mine to HSBC and they were really nice! I only took a few bags at a time, and tried to go when it wasn't busy. One of my bags was a bit short, but I just gave them whatever I had to top it up and they accepted that.
    Sealed pot challenge #377
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    • downhillfast
    • By downhillfast 20th Dec 08, 3:20 AM
    • 841 Posts
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    downhillfast
    • #9
    • 20th Dec 08, 3:20 AM
    • #9
    • 20th Dec 08, 3:20 AM
    As an ex-publican I can wholly recommend offerring your correctly bagged change to your local pub - especially at this time of year as there's nothing worse than running out of change! I don't mean using it to buy a round... offer it to the landlord so it doesn't get plonked into the till and have to be re-counted!
    • little_miss_moneysaver
    • By little_miss_moneysaver 21st Dec 08, 9:56 AM
    • 1,230 Posts
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    little_miss_moneysaver
    I think i'm right in saying that the Halifax only takes 3 bags of coins per person per day. Last time I tried to paymore bags into a second Halifax account but they wouldn't let me and told me to come back another day!! Not sure if this is still their policy. But HSBC took all the bags of change in one go
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  • kittiej
    My local post office says they'll take as many bags as I want as long as there aren't long queues.

    It's a sub post office, I wouldn't ask the sour pusses in the main PO tho
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    • wannabe sybil
    • By wannabe sybil 21st Dec 08, 3:06 PM
    • 2,662 Posts
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    wannabe sybil
    My local chemist and newsagent both appreciate bags of change, if you don't go in when it is too busy. They have to pay the bank to get change, you see, so it saves them.

    Edited as I just remembered - my bank will not accept more than five bags of loose change at one time.

    Also, if there is a bill that is particularly irritating you, pay it in pennies! And count them out before the person slowly. And lose count and start again. Of course, that depends if it is something like a paper bill or a parking fine.
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  • SomeBozo
    Or if you are patient, use the loose change to pay on the "self service" payout aisles in supermarkets.

    Bozo
    • Forgetful
    • By Forgetful 21st Dec 08, 9:14 PM
    • 1,545 Posts
    • 8,781 Thanks
    Forgetful
    yes never take to one of those coinstar machines.. a rip off at 7.5 % if i remember correctly
    banks are a bit picky too.
    so I suggest take to local shop,i work in a chipy and we always need the change... cos boss has to pay bank to get money changed.
    • too_much_debt
    • By too_much_debt 21st Dec 08, 9:55 PM
    • 3,143 Posts
    • 4,506 Thanks
    too_much_debt
    I bank with Lloyds and they always let me change it up and pay it in my account then I just withdraw the cash or do a payment through Internet banking to a credit card bill. I think I took about 7 bags in the last time and I asked for more bags and they gave me a handful.

    I also change them in my local Post Office as long as it isn't too many bags they don't mind.
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    • novagirl
    • By novagirl 21st Dec 08, 10:00 PM
    • 1,546 Posts
    • 3,718 Thanks
    novagirl
    Don't mix up the different types of coins in each bag when you take them to a bank. That's what annoys cashiers the most
    • exel1966
    • By exel1966 21st Dec 08, 10:41 PM
    • 4,819 Posts
    • 11,861 Thanks
    exel1966
    Collect the bags from the bank, ask what is the quietest time of day to come in and exchange/deposit them, check any bag limitations (many smaller branches or ShAbbey/A+L won't accept more then 5 at one time) go home bag the coins up, return to bank and hey presto, pour the whiskey !
  • Mathew
    I always choose to use coinstar machines, its simple and can be done when I shop rather than the time and effort of counting it all out!

    I find that the charge is reasonable and well worth it to save the hassle of counting it out, placing it in bags etc.
    • indierocker85
    • By indierocker85 22nd Dec 08, 3:24 AM
    • 1,948 Posts
    • 1,510 Thanks
    indierocker85
    I always choose to use coinstar machines, its simple and can be done when I shop rather than the time and effort of counting it all out!

    I find that the charge is reasonable and well worth it to save the hassle of counting it out, placing it in bags etc.
    Originally posted by Mathew
    cointar are a rip off

    They charge 7.5p of every pound, dont seem a lot but its 75p for every £10
    Or £7.50 for £100 changed. Easier to bag it up and bank it, or,go into a bank and ask them to change it, normally theyll change it, if they ask if you bnk with them just say yes
    Live for what tomorrow has to bring, not what yesterday has taken away
    • Coveredinbees!!!!
    • By Coveredinbees!!!! 22nd Dec 08, 7:07 AM
    • 3,110 Posts
    • 1,936 Thanks
    Coveredinbees!!!!
    I off load my change into the petty cash tin at work, they always want change.

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