Paying a bill in 1p and 2p (HBOS)

*Louise*

Depends on what bank you are using - you will need to check their policy.

One of my banks, Abbey won't take more than 4 bags of coins at a time, unless it is into a children's account. They once refused to take 6 bags from me (mainly silver as well) and I told them if they didn't accept it I wopuld be moving all my business to anothe bank. They changed their minds pretty quick :rotfl:

However, the Halifax/Bank of Scotland will take any amount at their business account desk as long as the coins are bagged - no time wasted weighing them or anything.

Personally, I think it is wrong for banks to dictate what sort of money we can pay into our accounts - it's all legal tender in the end.

MCBIRNIE25

Although banks do have signs stating they will accept a certain amount, this is due to speed of keeping queues down. BY LAW, they have to accept any amount that you pay in. I would ask for it in writing if they refuse.

Funniest story I have was once paying a bus driver a £1.10 fare in pennies, it was a personal thing as the driver was really rude to me. He refused to take them, so I asked where on the bus a sign was saying this. He replied there was not one, I said so accept, he said no, but changed his mind when I asked for his managers name and telephone number. I think I brightened up the mood of the people on the bus that day.

*Louise*

PercyPig wrote:

I once tried to pay for a newspaper with a 20p, a 10p and 5 x 2p. The man very rudely threw the 2p coins back at me saying "I don't want those". So I walked off with the newspaper anyway. Its not like I was trying to pay the whole 40p in coppers

omg - that would have made me so mad!!:mad:

I would have been making complaints to management I reckon...

S'funny, because I worked in a newsagent's when I was at school and we were always happy to get change.

Sassers

Slightly off topic I know, but a bloke in my old neighbourhood was so mad at his Council tax going up by another £200 he took the entire payment to the council in a wheelbarrow.
All 1p's and 2p's :eek:
And tipped it out into the middle of the civic centre lol
I was in fits when I heard.

And they accepted it.
tee hee...

AndyR_3

MCBIRNIE25 wrote:

Although banks do have signs stating they will accept a certain amount, this is due to speed of keeping queues down. BY LAW, they have to accept any amount that you pay in. I would ask for it in writing if they refuse.

What law is this? I work in banking and can confirm there is no such law, the bank has the right to refuse, at their discretion, any deposit, without giving a reason.


[/quote]
Funniest story I have was once paying a bus driver a £1.10 fare in pennies, it was a personal thing as the driver was really rude to me. He refused to take them, so I asked where on the bus a sign was saying this.[/QUOTE]
Again, they have the right to refuse any payment. They could insist you paid your fare in sixpences or turnips or bicycle tryes if they wanted to, and you'd have to do that if you wanted to use their service.

Legal tender only applies if a debt exists, which, in the case of a bus journey it doesn't. And copper is only legal tender up to a small amount anyway (I have a feeling 20p although not sure).

justruth

I used to work for a pub in a large chain, and on ocassional sundays we really struggled for change, as there was nowhere to get any and we always used to be grateful for swapping it over. Unfortunately now the smallest denomination is 5p, how ever i always go back in with my saved up change to convert to notes. It costs large companies to have change delivered.

I would ring the bank first if you're unsure, as you are more likely to get it done if you arrange to go in at a mutually convenient time. If they are short of change, their policies are easily over-ridden.

powerbase

Hi,

I currently have £580 in pounds bagged and £78 in coppers, 5, 10s etc. My local post office always take it for me and I don't have an account (I go in every so often after clearing out various piggy banks and usually have over £500 each time). It's easy for them to check as they have scales on the outside and you sit and put them all up one by one. My advice organise your coins by type and give them all the same type of coins at one time (it helps speed up the process). Some banks can be crappy about accepting it and I have noticed some have signs up saying they will only accept x amount of bags or x amount of money. It's going in tomorrow and I haven't had a problem so far, lets hope it's OK again. I think paying in change could be a problem. I would convert it in the PO first and then pay the bill.

Good luck.

Phoenix79_2

leni wrote:

I've counted my 1p, 2p and other change jar and have £37
I want to pay this off my credit card, if I go inot the bank will they accept £37 worth of change to pay a bill?

Bag it into the appropiate banks bags and pay it into your account. I have heard Halifax can be funny about the number of bags they accept on daily basis. I've recently paid £207 in loose change into Natwest and never had a problem

coral

Most shops etc, particulaly smaller ones would be glad to accept change as they have to pay for it to be delivered. I always take mine to the restaurant where I work at the weekend, always running out of change and glad to take it from me!

whatatwit

It seems that the *traditional banks* who have business customers, who often want change as well as paying it in, are happy to take any amount of coins, as long as they are correctly bagged.
The old building society, *bank wannabees* have these rules about how many bags of change they will accept.

Most banks like business customers as they charge plenty for the pleasure of running a business account. Gits....