Paying in cash to a current account

mije1983

sealdriver wrote: »

Well, because that's what I've always done and this is the first time I've ever come across a limit on how much I can deposit. Another reason is that I don't have a local branch so I make the trip infrequently and thus the physical amounts are larger.
I'm always amazed at when people ask questions on these forums they are told to do things differently; I was aking if this was common and which banks don't have a limit not how I can change my saving behaviour.
Thanks.

Times move on and things change (thank goodness!). Just because it's what you've always done, it doesn't mean it will stay that way forever. So yes, you may have to change your behaviour.

As an example, what about people who paid for their weekly shop using cheques? They had done it for years but had to change their 'behaviour'.

People on here could be as 'astounded' as you if that would help you. But practical advice on how to get around this is more beneficial to you, even if you don't appreciate it. The suggestion made was a valid one. Even more so if the trips are infrequent as you say.

Katiehound

Sorry I suggested anything- must remember that some folk are stuck in the dark ages... and that there's no such thing as 'progress!!'

Some time ago I tried to pay in a bag of copper- not a lot- into Halifax and they made a song and dance saying that it was fine if it was for a child (presumably a piggy bank) They eventually agreed to pay it into my account, but that's why I spend my change!
Another idea is to take some into local small shops- they sometimes struggle to get small change and have to get it from the bank.
Oh no, silly me, making suggestions!!

elsien

Natwest aren't keen to take lots of bags, but my branch also has a coin paying in machine that I use instead.

BooJewels

This isn't a new phenomena - my husband caused a scene some years ago when the bank refused to pay in £7.79 in pennies. The bank suggested that he take it to the PO to get it changed to notes to then pay in to his current account. The teller didn't even get it when he asked when the Bank of England had started issuing £7.79 notes.

Can you therefore pay small change into a PO current account?

Ms_Chocaholic

I bank with Santander and we emptied a large coin pot and deposited over 20 bags at one time; when we asked they said they had no limit.

sheramber

BooJewels wrote: »

This isn't a new phenomena - my husband caused a scene some years ago when the bank refused to pay in £7.79 in pennies. The bank suggested that he take it to the PO to get it changed to notes to then pay in to his current account. The teller didn't even get it when he asked when the Bank of England had started issuing £7.79 notes.

Can you therefore pay small change into a PO current account?

Our local Post Office was delighted to get the cash from our shop as they had to pay to get cash from the bank. It saved us bank charges for paying in cash to a business account.

You ca use the Post Office to pay in money to many other banks now- a result of diminishing High Street branches.

I save odd change but then swop it for notes. putting the change into my purse for day to day spending. I can then pay in the notes when convenient.

beedeedee

Not quite what you were asking - but I've started putting all of my saved change into self service machines at supermarkets. It takes a while, so I go at a quiet time. Don't get as much change anymore though, in general.

pochisoldi

sealdriver wrote: »

Hi
I have a habit of saving most of my coins in my pocket at the end of the day until I have saved a fair amount then I bag them up and pay them into my bank. Today I went to my bank with 14 plastic cash bags full of change, all counted out with the proper amount in each bag. The cashier said they could only accept 10 bags from me and this has recently risen from 5 bags. She also said that other banks charge for accepting cash or refuse to accept this at all. Is this really true? I am astounded that I can't pay any amount I wish into my own account. I have never come across this before and I've had a current account since I was 16. Have others come across this? Does anyone know of a bank that does not have any such restrictions? Thanks
Pat

Cash and coin costs the banks money to handle.

Option 1:
Break your habit, spend it as you go along. Try to avoid handing a large note over when you can pay with a smaller note and some coins.
If you use the self service till at the supermarket, shovel your coin into the machine before using your card to pay the balance (that's my trick)

Option 2:
Cut out the middle man.
You are restricted in paying in coin into the bank.
Shops have to pay to get coin out of the bank.
Find a local family corner shop, (or ask at your regular local pub) and ask them if they will swap your bags of coin for notes.
You get rid of your coins, they get coin at nil cost, and neither of you have to go to the bank to do this.

PochiSoldi

soulsaver

Our Asda has a coin machine in the foyer.

eskbanker

soulsaver wrote: »

Our Asda has a coin machine in the foyer.

These commercial machines would generally be seen as something of a last resort on here though, when they typically charge a fee of just under 10% of what you pay in, unlike the fee-free machines in some bank branches, although that's obviously something of a moot point for those who don't have access to the latter (or an accommodating bank policy for bags over the counter)!