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what to do with small change

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  • carlm1984
    carlm1984 Posts: 317 Forumite
    yeah put them in cash bags and then they put them on a machine which works it out, just make sure you bag it up correctly though
  • have you got a hsbc account. my bank has a coin dispenser where you pile in your change and it goes straight into your bank account. Best of all its free.
    Mortgage Start jun 2007 £88500 Outstanding Balance £51000
    Overpayments 2007 Nil 2008 £1040 2009 £7853 2010 £10000 2011 aiming for £18000 (6k so far)
    The Early Bird Gets the Worm, but the Second Mouse Gets the Cheese!!
  • kje_2
    kje_2 Posts: 82 Forumite
    My local pub will change 10p, 20p and 50p for me. I think businesses get charged by their bank for change so pubs, sandwich shops, takeaway etc may be glad of it.

    Anything lower than 10p, I hand over in a bag to charity.
  • Jap2Uk
    Jap2Uk Posts: 18 Forumite
    if it is bagged ready the bank will take it. I did mine last year about £140. lady weighed it and asked if i wanted cash or or in my account.
  • Idiophreak
    Idiophreak Posts: 12,024 Forumite
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  • mum2one
    mum2one Posts: 16,279 Forumite
    Xmas Saver!
    edited 5 July 2010 at 11:46PM
    If you pop into your branch and ask for some money bags there give you some.

    I bank loose change every month into my daughters account-

    The way the money needs to be bagged as below - seperate bags, no mixed coinage.

    1p - £1.00
    2p - £1.00
    5p - £5.00
    10p - £5.00
    20p - £10.00
    50p - £10.00
    £1.00 - £20.00
    £2.00 - £20.00

    Hope that helps xx

    Just a another thought - pop a piece of paper with the total figures
    £1 - £40
    50p - £10 etc

    It gives the cashier something to double check with, although they will write the money themselves, also for your benefit as u know how much is going in.

    Well done on saving all that.x
    xx rip dad... we had our ups and downs but we’re always be family xx
  • financequest
    financequest Posts: 138 Forumite
    I keep most of my loose change in the ashtray of my car. Whenever tanking up with fuel, I never round up to a pound, but go over by a few pence, eg. £20.63. Then hand over a £20 note and 67p in change. Also useful at supermarkets when paying through the self check lanes. I keep silver coins seperate for parking meters, tunnel and bridge fees. Lastly, I always pay for my Sunday paper with a handful of coins, mostly silver. For the devoted credit/debit card user, these tips may not be useful.
  • I'm with natwest and my branch (admittedly in Leicester city centre) has a coin deposit machine that you can just dump loads of random change into, it counts it and deposits straight into your account. Its free, and I dont even have to go to the effort of bagging the change up and sorting it... There's also never a queue for the machine which is nice.
  • Two9A
    Two9A Posts: 274 Forumite
    Is it free, though?

    As mentioned upthread, those coin counter machines often take a percentage and report the rest as counted; I know the Coinstar at my local Asda will report 92% of the counted coins, for example, and sneakily retain 8%.

    For what it's worth, I'd go to the bank and ask for a couple dozen coin bags; they can hardly refuse to hand them over :D
    Debts (26.3% remaining) - CC/BARC: [strike]2058[/strike] 100.00 @0%; CC/MBNA: [strike]1877.75[/strike] 0.00; Loan/SLC: [strike]10000[/strike] 7901.84 @1.5%; Loan/Per: [strike]1500[/strike] 0.00; Loan/HX: [strike]15000[/strike] 0.00
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  • lozza1985
    lozza1985 Posts: 3,373 Forumite
    Yeah its free as its in the bank office, I use the one in my Natwest all the time - its quicker than queueing to see a cashier which I guess is why they have them. You can pay bills, and pay in cash (notes & coins) plus cheques.
    Avon Lady since 2009 - I help on the Avon hints & tips thread to help other reps/new sales leaders as I was helped so much by it when I first started out :A
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