Coin counting machines - rates

texranger

adonis wrote: »

Don't forget, you can use the self service tills if you only have a small amount of shopping and pay with all your change.:D

not all shops have these

nicolax

scheming_gypsy wrote: »

are you going to count it, bag it and then take it to the bank and cash it in for them? For the sake of £8.90 in from £100 i prefer to empty it into a machine and then do my shopping, pay with the voucher and get the change in cash.
What i don't want to do is go to the bank to get some cash bags, go home and spend hours counting and bagging and then go and queue up again in the bank.... If you calculate running costs and my time at my currently hourly rate; 8.9p in the pound is a bargain.

same here

especially as at my bank can only take in a certain amount of bags of coins in a day - cant remember exactly how many but its a low amount!\

i changed my big pot of pennys at the machine in tesco, ended up being about £15 after the charges( and they were about 1.50ish)

i will let go of that 1.50 considering otherwise id have to bag it all up, and go into the bank numerous times to deposit the bags (costing more in petrol!)

RobertoMoir

scheming_gypsy wrote: »

are you going to count it, bag it and then take it to the bank and cash it in for them? For the sake of £8.90 in from £100 i prefer to empty it into a machine and then do my shopping, pay with the voucher and get the change in cash.
What i don't want to do is go to the bank to get some cash bags, go home and spend hours counting and bagging and then go and queue up again in the bank.... If you calculate running costs and my time at my currently hourly rate; 8.9p in the pound is a bargain.

I absolutely agree, but I do think they need to be up front about the rate so people can make their own choice in an informed manner.

ali-t

scheming_gypsy wrote: »

are you going to count it, bag it and then take it to the bank and cash it in for them? For the sake of £8.90 in from £100 i prefer to empty it into a machine and then do my shopping, pay with the voucher and get the change in cash.
What i don't want to do is go to the bank to get some cash bags, go home and spend hours counting and bagging and then go and queue up again in the bank.... If you calculate running costs and my time at my currently hourly rate; 8.9p in the pound is a bargain.

And paying to park the car in town is another couple of £ each time so outweighs any benefits of doing it at the bank. My bank only lets you change 5 bags of cash at a time so multiple trips would be required.

TBH, I would only do it at the bank if I had no other demands on my time and lived within walking distance of the bank. I don't, so the coinstar machine wins every time.

JCS1

scheming_gypsy wrote: »

are you going to count it, bag it and then take it to the bank and cash it in for them? For the sake of £8.90 in from £100 i prefer to empty it into a machine and then do my shopping, pay with the voucher and get the change in cash.
What i don't want to do is go to the bank to get some cash bags, go home and spend hours counting and bagging and then go and queue up again in the bank.... If you calculate running costs and my time at my currently hourly rate; 8.9p in the pound is a bargain.

My bank (Natwest) has a paying in machine in their branch where you empty the change in (no need to count and bag), and then it gets added to your bank account without paying a %. So on the rare occasion when I have a cheque to pay in, the loose change jar goes with me too.

s_b

we take all our two pence pieces to scarborough once a year and have a blow out on the shove machines in corrigans
much more fun

agrinnall

I take mine to a charity shop and give it to them as a donation, they usually have volunteers available to count it. Last time I did it they were delighted and sent me a very nice thank you letter (it was about 2 years worth of shrapnel, came to around £40).

Humphrey10

goater78 wrote: »

Most banks have them now. It goes straight in your bank account with no fees.

This ^
They have so many machines in the bank, you can pay in coins, notes, cheques (you get a tiny little picture of the cheque on the receipt so you have proof of paying it in if something goes wrong), and many other things. It really speeds things up, I so rarely have to visit the counter now.

texranger

RobertoMoir wrote: »

I absolutely agree, but I do think they need to be up front about the rate so people can make their own choice in an informed manner.

these machines are , all the ones i have seem all show their fees. it just takes the fact that before you place your money in have a look at the machine and the animated screen or inform coinstar that they need a 8 foot sign with everymachine showing their rates .

RobertoMoir

texranger wrote: »

these machines are , all the ones i have seem all show their fees. it just takes the fact that before you place your money in have a look at the machine and the animated screen or inform coinstar that they need a 8 foot sign with everymachine showing their rates .

Yes, I've had no trouble with coinstar. Not sure if there are others out there and just making the point that this should be done by all.