saving loose change (merged)

ROTFIL_2

But for every £10er they take away 75p thats discusting...

dazza32

i think its a great machine i,d pay that 7.5% charge anyday :j

ROTFIL wrote:

But for every £10er they take away 75p thats discusting...

Andy_L

ROTFIL wrote:

But for every £10er they take away 75p thats discusting...

Why? (message extended to reach min length)

[Deleted User]

I used one at Asda last week, i had > £30 in small change (mostly 1s and 2s) and the machine charged 7.8%. So, i paid roughly £2.40, the machine spits out a voucher that you hand in at customer services and they give you cash.

Yes, the MSEr way would be to bag it all, take it to the bank and get them to deposit into your account. That sounds quite tedious to me though

jonesMUFCforever

Why collect all this change in the first place then?
Surely buying a newspaper or a packet of sweets or something every now and then gets rid of most of mine.

SteveyJC

I collect 1p, 2p and 5p's

I remember seeing this in the States years ago, but i dont think it took a commission. It's disgusting when you think about it, as most shops have to pay the bank for change (and quite alot too!) and they are getting change for free, and charging 7.5pc commission. ARGH

hjd

If you have a Barclays acount and live near Woking they have one of these machines which counts it all and then credits it to your account - no charge. Great fun playing with putting in lots of change.

Old_Gold

Why not just give it to the girls on the till and let them count it. If we did this then the Supermarkets would soon drop the charge.

Sassers

Old_Gold wrote:

Why not just give it to the girls on the till and let them count it. If we did this then the Supermarkets would soon drop the charge.

It's not the supermarket who charges, but the company who owns the coin counting machine. I s'pose they have to pay for it somehow

BrandNewDay

At least you guys can BAG your change and take it to the bank. In the US, you have to stick it into rolled paper tubes, which is a PITA. I didn't consider it worth my time for pennies. I would take pennies to the machine at the supermarket and pay the commission.