Where to deposit a load of coins?

EarthBoy

NotRichAtAll wrote: »

go to asda and chuck them in the coin machine

Better chucking them in the self service till to pay for your shopping. That way you get rid of the coins without being charged extra.

Abbey1991

7sefton wrote: »

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.

This!

Nationwide are just playing at banking by offering current accounts, too many of their staff are still stuck in old building society ways.

Metro Bank happily offers coin counting machines and I think they let non-customers use them, along with a bowl of water if you bring your dog in:)

Vortigern

EarthBoy wrote: »

Better chucking them in the self service till to pay for your shopping. That way you get rid of the coins without being charged extra.

Which of the supermarkets' self service tills can process coins quickly?

I don't normally accumulate coins, but if I did I'd want to drop them into a bucket/funnel/hopper and have them counted quite quickly.

At my local Tesco I have to insert coins one-at-a-time through a slot and they seem to take an age to register.

Wheres_My_Cashback

A lot of pfaff about nothing. The reason why banks don't want you take more than a few bags is because it's time consuming and leads to longer queues.
Simply go into your bank, ask them what is the best time to deposit them (usually first thing) and they'll probably do it all in one go as long as you pre-bag them.
I took over £5K of coinage to my local Lloyds in one go a few months ago. They were pre-bagged in the small and large bags. No fuss, very simply done !

jonesMUFCforever

Wheres_My_Cashback wrote: »

A lot of pfaff about nothing. The reason why banks don't want you take more than a few bags is because it's time consuming and leads to longer queues.
Simply go into your bank, ask them what is the best time to deposit them (usually first thing) and they'll probably do it all in one go as long as you pre-bag them.
I took over £5K of coinage to my local Lloyds in one go a few months ago. They were pre-bagged in the small and large bags. No fuss, very simply done !

See post #39 - it starts next week.

Abbey1991

Wheres_My_Cashback wrote: »

I took over £5K of coinage to my local Lloyds in one go a few months ago. They were pre-bagged in the small and large bags. No fuss, very simply done !

Lloyds is a proper bank !

badmemory

Vortigern wrote: »

At my local Tesco I have to insert coins one-at-a-time through a slot and they seem to take an age to register.

My local Tesco express is a chuck loads in & wait for it to add them up

EarthBoy

7sefton wrote: »

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!

Although a building society, Nationwide clears its own cheques and is a member of the Cheque and Credit Clearing Company Ltd, so it is effectively a clearing bank. The main clearing banks that you mention have closed a lot of the old traditional branches with large safes and strongrooms and moved into much smaller modern premises, so they won't have any more space to store bags of coins than a building society. A city centre branch of Lloyds near me is a small former shop.

Abbey1991 wrote: »

Lloyds is a proper bank !

Even so, they won't accept more than 10 bags of coins per day after 2 November, as mentioned above.

SuperHan

EarthBoy wrote: »

Even so, they won't accept more than 10 bags of coins per day after 2 November, as mentioned above.

My local Halifax has only accepted 5 bags a day for years (unless you have a child's account, which you can pay unlimited change into).

I usually use the counting machines at Natwest. In fact, I keep my account open with them for that very reason.

BARRY2

Your local corner shop/newsagent always welcome coins. However, they love 1p and 5p but will not accept 2ps. So in future, convert your 2ps (or don't save them at all) to 1ps and/or 5ps and they will welcome you with open arms providing you are reasonable ie ( don't turn up with a wheelbarrow) !!