Why does society make us feel guilty for taking coins to the bank??

Oregon

I'm with you. I put all my pound coins in a jar after a night out or at the end of the day and it soon builds up to £100. I then bag them up, 20 per bag, take them to the bank and get tutted at!

spadoosh

I bin all my coins as to not upset people at the bank!

Why does this bother you? Ignore them

hermante

Simon11 wrote: »

All my coins go on buying lunch in Tescos with the machines. I know I can take my time, with no staff getting annoyed, and I can happily insert my pennies

Only thing that annoys me is when I've done the maths wrong, with 2p left to pay and I only have a 50 pence piece, DAM lol

To avoid needing to work things out, I just put all my excess coins into the machine then pay the rest with a card, even if it's 50p left to pay.. I don't care if it costs them more to process the payment!

I usually don't keep anything smaller than 20p, and if I'm buying at a cash only place, then I try to pay the pennies bit with coins and the pounds with a note. That way at least the heavy coins in my wallet are worth something.

lilmofie84 wrote:

I'm sure a lot of people (like myself) like collecting change as an alternative way of saving. It's much easier for me to save this way than it is to save via a savings account which I have daily access to.

True, but then you might end up like my friend at work who has several cups of small change. I think he has about £200 there (mixed coins). He's too lazy to ever count them... I might buy them off him one day for £100

MoneySaverLog

Oregon wrote: »

I'm with you. I put all my pound coins in a jar after a night out or at the end of the day and it soon builds up to £100. I then bag them up, 20 per bag, take them to the bank and get tutted at!

If it was just the case of handing over 5 bags of 20 £1 coins then I don't see a problem, and it would be quite quick for them to take them in if the bags weight was correct.

Problem is there are quite a few fake pound coins out there in circulation. At one point 1 in every 36 £1 coins were fake, probably more now. It's possible, not saying it was, that if one of those coins did not weigh the correct amount that that bag would have to be checked manually to identify the fake coin(s).

lilmofie84

Oregon wrote: »

I'm with you. I put all my pound coins in a jar after a night out or at the end of the day and it soon builds up to £100. I then bag them up, 20 per bag, take them to the bank and get tutted at!

Guess some people love an excuse to moan and if it's not you then it'll be some other poor !!!!!!. I'll continue to save my change and it is my money and what I do with it is my business and my business alone. If it upsets people then oh well. Folk should really just lighten up

Now as for being too drunk to count my change, how many people actually count the change they've been given after a few drinks? And when you're stood at a busy bar the last thing you want to be doing is counting change... I'm there to have fun not worry about a bit of shrapnel :beer:

lilmofie84

hermante wrote: »

True, but then you might end up like my friend at work who has several cups of small change. I think he has about £200 there (mixed coins). He's too lazy to ever count them... I might buy them off him one day for £100

Me and my partner actually enjoy counting our coins. We'll both take a guess as to how much we've saved and whoever is closest wins.... Send the coins our way

qwiksave

Another way to look at this is to just ignore the people in the queue tutttng, don't let them bother you. If you don't have to go at lunch time don't, the queues will be shorter at other times anyway.

NFH

If you think this is bad, look at what's happening in the US with a minority of credit card holders. Holders of credit cards that pay rewards (cashback, airmiles, points etc) are ordering huge numbers of $1 coins from the US Mint at face value with no delivery charge. The reason the US Mint does this is to get $1 coins into circulation as they're more durable than the more popular $1 notes. These people then take the coins in suitcases to their bank and deposit them, and in turn use the deposited funds to pay off their credit card bill in full. They receive the rewards from their credit card without really "spending" any money. Of course, this would never happen in the UK because we got rid of £1 notes long ago in 1984, unless of course £5 coins are widely introduced.

MoneySaverLog

NFH wrote: »

unless of course £5 coins are widely introduced.

No please not, there are enough fake £1 coins out there as it is, without losing £5 if one is handed into the bank.

NFH

MoneySaverLog wrote: »

No please not, there are enough fake £1 coins out there as it is, without losing £5 if one is handed into the bank.

I agree, but £5 coins (unlike the current commemorative ones) would have two metals, just like £2, €1 and €2 coins, which would make them much more difficult to forge. The earlier commemorative £2 coins were a single metal like the current £5 coins, but two metals were introduced when £2 coins went into wide circulation.