Where to deposit a load of coins?

alanq

Chris94 wrote: »

We have around £200 of coppers ...

Hoogle wrote: »

pay with the coins it is legal tender and They can not refuse it,

I'm not sure of the relevance of legal tender but if it is relevant 1p and 2p coins are only legal tender for amounts not exceeding 20p. 1000 visits to the bank?
http://www.royalmint.com/aboutus/policies-and-guidelines/legal-tender-guidelines

badmemory

Buy shopping at a Tesco express. I once did that & filled the cash "drawer" they emptied it & I carried on pushing coins in (almost 500 of them) they were quite happy as it avoids them having to get change from the bank, which is expensive. I certainly wouldn't use Coinstar.

Robin9

Donate to Children in Need - I think Lloyds Bank has a foreign coin jar (I know they are not foreign!)

Superscrooge

I've deposited 15 bags of coins with HSBC. Not sure what their upper limit is, but clearly it's more than 5

Sarastro

If you've had them for 15 years, the cost of inflation will far outweigh the coin star fee...

DCFC79

Sambella wrote: »

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

Why use them when they take a cut, just use the self service tills, just try to avoid busy periods.

Cremear

Like others have said. You can go to your local supermarket and pay for your shopping with them at the self service. Any left over balance can be paid by card.

Or some banks have coin counting machines like Metro bank. I just pour my coins in and get a reciept.

7sefton

The issue here is that the OP doesn't bank with a bank; Nationwide is a building society. It therefore has different policies to main clearing banks (e.g NatWest, Barclays, Lloyds, HSBC) - not least because they often don't have big enough safes to store lots of bagged coinage!

So my advice would be to take all the bags to a clearing bank (assuming you have a current account there) and deposit them over the counter. I guarantee they won't reject them - they will accept far more from business customers. You might want to go at a quieter time of day so there isn't a queue.

And if you don't have a bank account with a bank, open one. It's unwise to just have one account (in case of service outages etc), and allows you to access more services than just a Nationwide one.

Hope this helps.

Flugelhorn

find a friend with an account at a bank with counting machines (used a great HSBC one once for £150, they had to empty it half way through). Total was added to account and then friend can transfer you the money to you.

easier still, just use the coinstar machine, saves lots of trips to bank

PS agree re having accounts at more than one bank, never know when one might be inaccessible. Also these days keep some cash at home (not copper!)

jonesMUFCforever

Chris94 wrote: »

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?

You would need a crane to lift that amount of bronze so to be practical how were you going to take it to the bank?