saving loose change (merged)

sarah1

Well i thing it is disgusting that they think they can charge people to count their own money !!!!!! and i would never pay it, if only out of principle.
What I would do is count my change and put it into bags and then when the checkout assistants have scaned and packed my shopping for me i would pay them with it. YES that would make me feel like i had the last laugh. Asda should not have agreed to have the machines in their stores it's just greed.
I think we should ALL avoid these machines.
WHAT A JOKE !!!!

Pooky

Neither HSBC or NATWEST branches near us, who we bank with will take more than £5 at a time in change either and considering it's a 6 mile bus ride to the nearest bank during the week, i'd rather loose the 7.5%.

Last time I emptied my jar there was around £17 in there -- cost me around £1.30 in their cut but the return bus fare to town to bank a fivers worth at each bank would have been £3.65. Of course once in town I would have easily spent more money than i'd intended too - so bring on those change machines!!

ronnie_2

wouldnt it be nice if some of the high street banks introduced this service, and automatically deposited the money to your account. would save tellers a lot of time!

Jumanji_2

Would also save me the money, in the way that last time I cashed in at Asda I went and spent the money. If it went straight into accounts at least I wouldn't be so tempted to spend it.

I don't even mind paying the 7.5% charge.

Quackers

Dormouse wrote:

We always take our coins to the Post Office, never to a bank - surprised nobody has mentioned this. I can understand that going to the bank might be a nuisance but everyone has to go to the Post Office every now and then, so it's not too much hassle.

That's if all your local post offices are still open - ours have all been closed!

Quackers

ReductionQueen wrote:

I find it hard to believe that you could spend say £7.50 on bus fares, also that anybody who saves small change up never passes a bank. This also seems to highlight the fact that it's the better off end of society that seem to 'choose' options like this.

So, because I would possibly choose to use one of these machines I instantly qualify to become a member of 'the better off end of society?'

I'm not sure that I'm at 'either end'. Being an end would irritate me - I prefer to be stuck in the middle where everythings happening Anyway, regardless of where I am (I'm on a big comfy chair actually) I would maybe choose to use one of these machines if it saved me time - I seem to have less time than money occasionally

I'll get that flash car one day too Sunflower

Dormouse

sunflower wrote:

i didnt know the post office would take the coins?

do u have to have an account with them?
or do they give you the notes?

is there a charge?
you could have solved all of our problems here Dormouse :beer:

Nope, no charge, no need for an account, they just give you the money! We usually do this when getting other things at the PO anyway, e.g. posting parcels etc, so you just get money off your purchase (or a free purchase!). They weigh the bags on their scales as they know how much each bag is supposed to weigh.

We've never had any problems doing this, but I don't know if ALL post offices would do this, but I presume so. Then again, we never have huge amounts of change (usually under a tenner).

HTH

nickinoo

My big problem is I just don't have the time to sit & count out all those coins. By using the Coinstar machine I came away with approx £130 which paid for all my shopping in ASDA & a takeaway (not very MSE I know!). I could barely lift the bag that contained all the coins in & our of the car nevermind carry it it to town. If I had just took 1 bag at a time then personally I wouldn't have felt the benefit of a fiver here & there.

tru

You don't have to count it all, just count 1 bag and then weigh it on the kitchen scales and write down the weight. Put an empty bag on, then throw coins in until you get to the right weight


If you have an account with the co-op bank they'll accept any amount as long as it's bagged up.

SnowyOwl_2

You could have lots of smaller bottles/tins and as you go along put your pennies into the 1p jar, 2p's into the tuppenny jar, 5's into the five penny jar...once they are full then count them and round to the nearest pound, 10p (or whatever is sensible). Then start weighing your jars and empty them when they get to the weight that is an even pound or whatever value you chose for each coin.

I am a bit surprised at how much emotion this topic has aroused...some people like to use the machines whereas others think it's a waste of money and so don't. Using the machine is a luxury similar to McDonalds, a take away, a drink in a pub, a meal out, a magazine, a packet of sweeties, 20 cigs or whatever other transient pleasure or service..we all choose our luxuries and we all pay for the ones we choose!

Chill out!!:D