I love coinstar machines!

saubryn

I sometimes get my coins changed at the local post office, and sometimes just feed the self service machines in Tesco (thats when we're really skint). I have used Coinstar a couple of times - our local Asda has had them for ages, and didn't have a self service machine, so it was just the easiest way at the time.

I did feel I was 'paying' for that convenience though, and prefer not to do it if circumstances allow.

dinkylou

I have to say I like these machines.

After all, I hate coppers and never ever bag them up as I never seem to have enough for a bag or have the time to go to the bank.

For me, I see it as extra money, which I would just leave lying around otherwise.

After all, I dont pay in more than £5 at a time and so 8% of that is not worth all the time and effort of bagging.

Not truly MSE but all that change comes in useful when added up.

whatatwit

I have been known to pay for shopping in 20p's.

ZTD

whatatwit wrote:

I have been known to pay for shopping in 20p's.

I paid for some bread milk etc (OK it wasn't much) in 5p's. A lot of 5p's...

DrFluffy

hex2 wrote:

I love them too. I can live with the 8% charge out of sheer laziness!

We tend to do ours every 6 months Christmas and summer holiday and usually net about £40 from 2p,1p and 5p jars.

I know I could bank them for free but then I would have to count them, bag them and make a specific trip into a town to do it. Much easier to do on a supermarket trip.

You can buy a machine to do it for you for about £20 from Woolies and other places... You will soon make up your money and avoid the stupid 8% coinstar charge...

Jaymz

I have to admit that its so much easier to use the coinstar machines. I would rather save time by using them then counting all the money up, bagging it and then taking it to the bank (where they will only allow 5 bags per day).
For the sake of a few pence coinstar is great

tyllwyd

I don't really see the logic of saving coins because of the hassle of bagging it up and so on. When my purse starts filling up with coins I start making more of an effort to use the exact change when I'm buying milk etc at the corner shop, and it goes down pretty quickly, and makes the notes last a lot longer.

piglet6

I've never had a problem paying bags of change in at the bank (often I just swap them for the notes to spend, and then transfer the amount online from my current account to my savings account...although when doing a swap I have occasionally been asked for proof that I bank with them - which I do...!;)).

However, another thing I do to get rid of bags of coins is to pay them off a bill (most often my credit card). I don't think the bank would be allowed to refuse to accept them if you were paying off a bill, because surely then they would be obstructing payment...?!

That said, in fairness, I do try and pay all one sort of coin off at the same time (i.e. £2 coins one month, 20p coins off the next:rolleyes:). I also go in at times of the day when I know they will be less busy - I would never deliberately hold up the queue at "lunchtime" because I realise that most people are in a rush (and I am lucky because my boss is happy to be flexible about when I take my lunch break - which of course works both ways for her because I provide phone cover over "lunch" - so everyone's a winner!:D).

Piglet

basill

Jaymz wrote:

, bagging it and then taking it to the bank (where they will only allow 5 bags per day).

I have a First Direct account and in my experience HSBC banks will happily accept large amounts of bagged change. My last lot came to over £600 they just ask if you have an account.
It seems to be building societies that restrict the amount of coins paid in.

B

piratess

Is it only me then that loves counting coins! ...

a week before we went on holiday we sat one evening me and my DP and counted out almost £200 in coppers 5s 10s and 20s! and i loved it! bagged it all up and took the whole lot down to HSBC ... mind you we did have to carry it in the old washing up bowl in the boot of the car lol

and the abbey where we live (where my account is) would only take two bags at a time! ....