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Avoid Coinstar - Use HSBC!!
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# 1
mateus
Old 11-09-2007, 9:54 PM
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Smile Avoid Coinstar - Use HSBC!!

You know the Coinstar machines at the supermarket.
They take a commission (About 5%) for sorting your change out.
Great they are, but save yourself £'s if you have a HSBC high street branch.
Most of them, now have the machines that are the same, but are FREE, just either type your sort code and account number in, or swipe your card.


Load all your change, and it will be credited into your account. You get a little printout with the amounts of each coin and NO COMMISSION!!!!!



Thanks to Chiptivo on HDUK!
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# 2
ramtec
Old 11-09-2007, 9:58 PM
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do you know if you need to bank with them or will any bank account do?
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# 3
wbaguesty
Old 11-09-2007, 10:01 PM
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You need a bank account yes.
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# 4
Forgetful
Old 11-09-2007, 10:02 PM
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Yes I always want to say somthing when I see folks pouring their change into one of those machines...in ou ASda it 7.5 %..
so very expensive..
Or another option is to take it to ur local shop..
My boss has to pay 5% to get change out of the bank for her shop.....so u can be doing both parties a favour!!!
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# 5
mateus
Old 11-09-2007, 10:04 PM
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YES YOU NEED AN ACCOUNT - open one via Quidco etc for £10 too!!

Not 100% sure if it needs to be current account - probably not ?
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# 6
luxor4t
Old 11-09-2007, 10:24 PM
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I used a coinstar machine once but will never do so again!

The kids in school had raised / collected just over £30 in loose change to buy Christmas presents for a local children's charity. I had poured most of the box of coins into the machine before I realised what it would cost - 8%!!!!!
I made up the loss but it was an expensive lesson!
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# 7
ShaunJUK
Old 11-09-2007, 10:34 PM
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Quote:
Originally Posted by luxor4t View Post
I used a coinstar machine once but will never do so again!

The kids in school had raised / collected just over £30 in loose change to buy Christmas presents for a local children's charity. I had poured most of the box of coins into the machine before I realised what it would cost - 8%!!!!!
I made up the loss but it was an expensive lesson!
Expensive lesson?

It cost you £2.40

Yeh better in the charities hand than coinstar but hardly expensive
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# 8
mx-3
Old 11-09-2007, 10:47 PM
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If you do not have a HSBC account..........................You can always put it in to mine.
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# 9
blue_haddock
Old 11-09-2007, 10:50 PM
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I recently used a coinstar machine - to be honest the 8% they take saved me a couple of hours of counting and sorting plus the extra time to make a trip to the bank to pay it is.

I think i had £38 in change and got about £35 back. now i don't know about you but 2 hours of my time is worth more than £3 so i don't have a problem paying for the convenience.
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# 10
Joto
Old 11-09-2007, 10:52 PM
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Quote:
Originally Posted by ShaunJUK View Post
Expensive lesson?

It cost you £2.40

Yeh better in the charities hand than coinstar but hardly expensive
I have to disagree £2.40 may not seem a lot, but % wise it is.
£24 commission from £300 or £2.40 from £30. I know who's pocket I'd rather put it in.
Look after the pennies and the £££s will look after themselves
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# 11
ashcarrot
Old 11-09-2007, 10:53 PM
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Or if you dont get loads of coin bags from your bank and save up your coins until you have enough to fill one (though the thought of not bothering to sort them is pretty good I may check it out)
Money, Money, Money ..... Banks/Casinos/Bookies give me all you money its a poor mans world....
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# 12
bluey9
Old 12-09-2007, 8:48 AM
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Or another option is to take it to ur local shop..

You better have a pretty thick skin if you're gonna do that. Those machines are a godsend to people who get homicidal urges when stuck behind some modern day Ebeneezer Scrooge counting out millions of pennies and holding up the whole shop/ bank.
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# 13
dougs
Old 12-09-2007, 9:24 AM
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I don't think this is a Grabbit, unless HSBC are about to be sold out
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# 14
Raspberry Swirl
Old 12-09-2007, 12:27 PM
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I'm quite happy to pay the % that coinstar charge as my bank won't accept my change and the queue in my local post office is always out the door it's so long. so the time it would take me to bag the change correctly, get to my post office and queue is nothing compared to the coinstar charge as it's at my local supermarket so no special journey made.
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# 15
Hapless
Old 13-09-2007, 11:18 AM
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I must agree with Raspberry Swirl, the coinstar are a bonus. Although I have an HSBC account they don't have a change machine inside and they will only take 5 bags of coins max at a time even if I am paying it in to my account.. Rather annoying really.
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# 16
grn.w.nv
Old 13-09-2007, 11:53 AM
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I've used the Coinstar machine a few times, not got any complaints about their commission, although that's just on small amounts (£20 and under). However I've started to collect £2 coins, and was wondering what to with the when I filled the coffee jar. Not sure of the procedure to be honest, but do I just bag them up and take them to my bank (Lloyds TSB)?
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# 17
far
Old 13-09-2007, 3:11 PM
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Quote:
Originally Posted by mateus View Post
YES YOU NEED AN ACCOUNT - open one via Quidco etc for £10 too!!

Not 100% sure if it needs to be current account - probably not ?
Correct - any account with HSBC will do. Just make sure you don't do what I do and put the coins under the plastic tray rather than on it!
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# 18
MarkLS12
Old 20-09-2007, 6:23 PM
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Does anyone know how I can find out which HSBC branches have these machines? Would they be with the "print a statement" type machines or behind the counter?
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# 19
custardy
Old 20-09-2007, 6:30 PM
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since you punch in the details i would say not behind the counter
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# 20
Grade_A_Reject
Old 24-09-2007, 6:07 PM
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Anyone know if these work with First Direct accounts as they're part of the HSBC group?
"A nation of plenty so concerned with gain" - Isley Brothers - Harvest for the World
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