Cash Bags

$nake_eye$

Hi all,

Ive been collecting coins for a while in odd pots and jars and have amounted quite a few. I recently bagged them up into the clear bank bags. Do I have to cash these in at a bank where i have an account? Im with A&L but my nearest branch is quite a way (i use online banking - pay cheques in the post office) Can I pay these bags in at the post office too? I have around £100 in £1 and 20p.

Thanks for the advice

Lokolo

If you don't go to your own bank they may refuse. Not sure what happens if you try at PO.

mini_lidi

Use Coinstar machine if you want, usally found at supermarkets like Sainsburys, but does take a small fee!

Robert_Sterling_3

I think the "small" fee is 7% of the value of the coins.

mini_lidi

In the UK, the fee for our coin counting service is 7.9 pence per pound counted. In Ireland the fee is 9.4 cents per Euro.
http://www.coinstar.co.uk/uk/WebDocs/A1-1

Buddy195

$nake_eye$ wrote: »

Hi all,

Ive been collecting coins for a while in odd pots and jars and have amounted quite a few. I recently bagged them up into the clear bank bags. Do I have to cash these in at a bank where i have an account? Im with A&L but my nearest branch is quite a way (i use online banking - pay cheques in the post office) Can I pay these bags in at the post office too? I have around £100 in £1 and 20p.

Thanks for the advice

Would go to the post office, not sure if they'd take all the bags at once though. Personally wouldn't pay a machine £7 odd to count £100's worth of coins.

sabretoothtigger

Donate them to charity and claim back the tax also

$nake_eye$

The money is already counted and bagged up, so dont really need the service of coinstar.. might just open an account with Natwest as there is a branch 2 mins walk away. Cheers for the info guys