saving loose change (merged)

Viks

most retailers love change as banks charge for getting change.

moonrakerz

dunstonh wrote:

I think it was clear what I meant. Perhaps I should have called them toytown banks instead. Ex building societies generally are not as flexible or offer the wide range of services that the big 4 offer.

Legally they are the same - if you wish to call them toytown banks please do so .

moonrakerz

ejones999 wrote:

Yes but they only HAVE TO DEAL WITH THEIR OWN CUSTOMERS not anyone with a load of change who do not bank with them.

If you read what I wrote that is exactly what I said !!!

"a Bank is quite within its rights to refuse to accept whatever its wishes not to accept."

Mark7799

This is a thread that crops up from time to time. If you have a personal account with one of the 'traditional' banks (Barclays, Lloyds, HSBC, NatWest/RBOS) expect they will accept an unlimited amount providing it's properly bagged and will provide you with the bags as well - I've never had any problems with NatWest or Barclays in this regard.

If you bank with one of the more recent converts (Abbey, Halifax etc) then there probably will be restrictions in place. These organisations usually don't have the same infrastructure to cope with large cash transactions so try and avoid receiving them.

emma0787

aussielovell wrote:

nightmare, my work kindly does mine but its nothing like £600. otherwise i do use the coin sorter but if i remember rightly, its 7% commission

If i remember correctly it is 7% but its not commision, I think it goes to charity.

The coinsorter machine in my ASDA is always out of use anyway!

Phoenix79_2

The Coinstar machines take a 7.9% cut. It doesn't go to charity. The machines have to make money or whats the point?

C_Ronaldo

Viks wrote:

most retailers love change as banks charge for getting change.

iv taken loads of change to my bank b4 and not been charged

angel16

take it to asda they have a machine that counts it for you and prints a voucher which you can exchange for the cash at the till :j

Phoenix79_2

angel16 wrote:

take it to asda they have a machine that counts it for you and prints a voucher which you can exchange for the cash at the till :j

Minus the machines cut of it.

maureenjscott

HBOS will only allow 5 bags of coins to be deposited at a time in an adult account. However, **LOOPHOLE!!**, if you have a children's savings account (eg for your children/grandchildren) you can put in as much bagged coins as you have!

Mo x