Taking LOTS of coin into your bank...

jamie_02

prixon wrote: »

If you live anywhere near the South East corner of England (roughly from Cambridge down to Brighton), or have reason to go there, the trendy "Metro Bank"s have excellent coin sorter machines. You just drop in all your metal and the machine prints you a paper slip showing the total value that you can take to the desk and exchange for bank notes, or pay into a Metro Account (you don't need to have an account, but if you want one they will open it there and then and even print the bank card while you wait....).
P

Same for selected NatWest branches across the country. HSBC also have coin machines but I don't know if they will exchange for notes, or if you have to credit into an HSBC account.

EarthBoy

jamie_02 wrote: »

Same for selected NatWest branches across the country. HSBC also have coin machines but I don't know if they will exchange for notes, or if you have to credit into an HSBC account.

With HSBC the money has to be credited to an HSBC or First Direct account. If you want notes you'd then have to make a separate ATM withdrawal.

I've no idea how NatWest works.

fuzzyduck22

I once had coins of about £400 after saving in one of those money banks you have to break open to get into. I asked my local halifax branch of they would take them and they advised me to go to the 'business account' counter and they took them. They business counter said they'd take any amount of coins as long as they were bagged up.

DCFC79

Got any supermarkets with the self service tills, use a bag each time you go in to pay for stuff.

Lokolo

EarthBoy wrote: »

With HSBC the money has to be credited to an HSBC or First Direct account. If you want notes you'd then have to make a separate ATM withdrawal.

I've no idea how NatWest works.

I haven't tried this BUT the HSBC ones actually ask you for your sort code and account number, so I don't know if there's anything stopping you from entering another banks information in.

JuicyJesus

Lokolo wrote: »

I haven't tried this BUT the HSBC ones actually ask you for your sort code and account number, so I don't know if there's anything stopping you from entering another banks information in.

It won't work. They have no way of crediting it to another bank's account.

Gromit78

Deleted_User wrote: »

I never understood why folk save change like that, the odd copper maybe, but even I try using them up if I'm out & about. I tend to spend my silver as I get it before breaking into a new note, better have more cash in the bank than an oversized bottle full at home.

I save my 1p, 2p, 5p and £2 coins. It's my way of putting a bit more money aside which can then be deposited in my mini ISA. I certainly don't wait until I have hundreds and hundreds of pounds, but then that may be driven by the fact my bank accepts a maximum of 5 coin bags per day. I do always take a slack-handful of change to add to the bags in case I have mis-counted. It wouldn't be the first time I have 97p of 1p in a bag, as a couple coins escaped as I bagged it up. The bank only take complete bags from adults.

They let any amount and non-complete coin bags be deposited into a children's account though.

KxMx

I bank with HSBC and my medium size branch doesnt have a coin machine, and never has done.

EarthBoy

KxMx wrote: »

I bank with HSBC and my medium size branch doesnt have a coin machine, and never has done.

It's only some of the larger branches which have them.

Mr.Generous

As a student I worked for a bank in a bullion depot, the coin safe was the size of a school sports hall, coin gets moved about by power driven BT rollertrucks and mini forklifts when caged up. The loose coin sorting room where those lovely sealed sachets of coins are produced was my workplace for a few months. You come to hate copper coins. The machines that sort coins had hoppers where you tipped in the coins and stirred them, then they get lifted up and filtered into slots and eventually into the sachets then heat sealed. However a lot of the coins are tipped off and cascade back down like a waterfall. It was so noisy, and dirty dusty work.