Coins into childs account?

doelani

Does anyone know if you can still pay unlimited amount of coins into a childs savings account? I have a halifax account for grandson and today counted change jar and have £120 all sorted and bagged up. I want to put it into his account then can withdraw it again online.

My own bank will only take 5 bags a day and do not want to use coinstar machine.

thanks

rb10

Yes, Halifax will accept unlimited numbers of bags into the child's account, provided that they are all bagged up correctly.

jonesMUFCforever

Halifax being an old building society might have restrictions but there are other ways to changing it without using coinstar- ask your local newsagents if they want change or your local pub.
Businesses are charged for change so if they can get it for free they might be happy to oblige.
You could easily spend £2 £1 and say 50p yourself exchanging them for notes as you go along.

doelani

thanks for replies

glider3560

jonesMUFCforever wrote: »

Halifax being an old building society might have restrictions

5 bags per day. Exception is into children's accounts where any amount will be accepted.

vaporate

doelani wrote: »

Does anyone know if you can still pay unlimited amount of coins into a childs savings account? I have a halifax account for grandson and today counted change jar and have £120 all sorted and bagged up. I want to put it into his account then can withdraw it again online.

My own bank will only take 5 bags a day and do not want to use coinstar machine.

thanks

5 bags a day is crazy. I heard this before. A bank limiting how much money, albeit small money bags, will take? Surely not? lol :eek:

glider3560

vaporate wrote: »

5 bags a day is crazy. I heard this before. A bank limiting how much money, albeit small money bags, will take? Surely not? lol :eek:

If a bank doesn't have many business customers (as is the case of the ex-building societies), then it will cost them more to process the bags of coins than they would make by accepting them.

JacksterD

In my local Bank of Scotland branch they said they would accept an unlimited amount of coins at the Business Banking counter, but that I could put in a few bags at the personal counters.

I imagine Halifax will probably have the same policy.

jrrowleyws

My local Natwest has a "coinstar style" machine that takes no comission and you can pay in unlimited coins, I think ~10000 at a time or something but you could just put your card in again to pay in more

doelani

got it sorted, just went to my own bank ( ulster bank ) which is part of RBS group and they took the lot, said no problme as long as baged up. Will know for next time,

paulw98

jrrowleyws wrote: »

My local Natwest has a "coinstar style" machine that takes no comission and you can pay in unlimited coins, I think ~10000 at a time or something but you could just put your card in again to pay in more

My local HSBC branch has this aswell. I keep all my change in a jar and take it there a couple of times a year. Gets credited straight to your current account with no commission