Where to deposit a load of coins?

Chris94

I assumed your bank would be the obvious place to deposit coins, but apparently not. We have around £200 of coppers that have been saved up over the past 15 years or so. My mum was told by Nationwide that they only accept up to 5 bags of coins per day per customer. So essentially they were saying to bank all the coins we'd need to keep coming back each day to deposit another 5 bags. This is ridiculous... Where else are you meant to bank them?

I refuse to use coinstar or such which charge fees. Surely there's another way?

[Deleted User]

Give them to a local charity?

Eco_Miser

It took you 15 years to save them, so what's an extra 40 days to get them all banked?
Or you could try spending them in the self-checkout section of a supermarket.

Why were they not banked every year, while in more reasonable quantities.

Saver-upper

Is there a branch nearby with a self-service till?
Natwest has them-you simply pour the coins in,they are deposited straight into your account
http://www.nationwide.co.uk/support/ways-to-bank/atms/what-is-a-self-service-till

p00hsticks

Saver-upper wrote: »

Is there a branch nearby with a self-service till?
Natwest has them-you simply pour the coins in,they are deposited straight into your account
http://www.nationwide.co.uk/support/ways-to-bank/atms/what-is-a-self-service-till

You say Natwest, but give a link to Nationwide ? And there is no mention of the Nationwide self service tills accepting coins - in my experience they only take notes.

Saver-upper

p00hsticks wrote: »

You say Natwest, but give a link to Nationwide ? And there is no mention of the Nationwide self service tills accepting coins - in my experience they only take notes.

Sorry,I was using Natwest as an example of banks that have self-service machiines because I bank with them,and my local branch has them.They accept coins and notes.
I gave link to Nationwide because that is who the OP was asking about.Never having been in a Nationwide branch,I couldn't say whether they accept coins or not.

Sambella

Some supermarkets have coinstar machines. I regularly take my saved coins to Tesco and change around £40 each time.

eskbanker

Sambella wrote: »

Some supermarkets have coinstar machines. I regularly take my saved coins to Tesco and change around £40 each time.

From OP:

Chris94 wrote: »

I refuse to use coinstar or such which charge fees. Surely there's another way?

The £40 worth of change you tip into the Coinstar machine will only credit you with £36.10, so many money savers aren't happy to do this....

Hoogle

take them to the Post office, they are proud of advertising you can do all your daily banking with them for most major UK banks.

Lumanous

You can try to do it in sections of more than 5. I was told by Natwest (I know not nationwide but this is my example of a similar institution so may be worth trying) that I could only deposit 5 bags at once. But then sometimes I've taken more, 10-12ish, and they have let me deposit. I think it depends who you get on the till. Of course they may not want to do this on an ongoing basis but it might help reduce the number of trips, as long as you don't mind the fact you might have to take the excess home with you...

That's only over the counter though. I wouldn't recommend Natwest coin machines... I put pre-counted change into one, it counted it wrong so when I said it was the wrong value it swallowed my change and spat someone else's coins back at me...definitely not trustworthy.... (I know also not Nationwide just sharing my experience)

Hoogle

Or if you want to just be awkward bear in mind you can lose the fee. You can just go to your bank and order a cashier check made payable to yourself pay with the coins it is legal tender and They can not refuse it, get the cheque and pay it into your bank account. Expensive way to make your point but worth it. on the same grounds you could do that for a postal order from a post office.