Most efficient way of converting £750 in coins to cash?

GDB2222

annabanana82 wrote: »

I had nearly £1k in £2 coins and put all that in coin bags and deposited to Lloyds. Natwest also have the machines in bigger branches but not sure if they charge?

I have used the machine in my Natwest branch, and there was no charge.

I must say that watching the sorting process was wonderfully entertaining. I nearly went back to the counter for more change, so I could have another go!

jonesMUFCforever

HHarry wrote: »

But there may be a limit to how many bags you can take at one time - with Lloyds it’s £10 worth.

12% or 75 trips to the bank?!

Actually its 10 bags per day for personal customers.
There is no limit for business or club/charity accounts.

eskbanker

jonesMUFCforever wrote: »

HHarry wrote: »

But there may be a limit to how many bags you can take at one time - with Lloyds it’s £10 worth.

12% or 75 trips to the bank?!

Actually its 10 bags per day for personal customers.
There is no limit for business or club/charity accounts.

Hence the correction in post #30 earlier today!

HHarry wrote: »

It’s a 10 bag limit (not £10 as I originally said) for retail customers, no limit for business customers.

Murmansk

How about taking them to the supermarket and doing your shopping, then paying using the coins at one of their self-service machines where you can feed them in without annoying a human cashier!

It depends how much you spend normally on shopping but you'll gradually get the number of coins spent.

deejaybee

Go in a bookies and stick them in the roulette terminal, then hit collect and take the receipt to the counter..

Apodemus

Murmansk wrote: »

How about taking them to the supermarket and doing your shopping, then paying using the coins at one of their self-service machines where you can feed them in without annoying a human cashier!

It depends how much you spend normally on shopping but you'll gradually get the number of coins spent.

Yep, that’s what I do when change builds up! In fact, when I am in the supermarket, I always put the change in my pocket through first, even if I end up putting notes through at the end or paying the balance with a card. Most times, you at least end up with a lower number of coins in your pocket as any change given back is normally in the least number of coins that the till has. Occasionally, though it backfires and you end up with more coins than you went in with! :rotfl:

Unfortunately, it also highlights just how often you have foreign coins that the till won’t accept and that have been passed on as change by other shops! :mad:

Eco_Miser

Apodemus wrote: »

Unfortunately, it also highlights just how often you have foreign coins that the till won’t accept and that have been passed on as change by other shops! :mad:

This is an excellent reason for paying human shop assistants with coin, preferably the exact amount required, and not too much slag - keep passing the parcel with foreign coins.

6022tivo

What I do with my change is just stick it in the car and offload pockets in the self scanning machines when I do my shopping.

Apodemus

Eco_Miser wrote: »

This is an excellent reason for paying human shop assistants with coin, preferably the exact amount required, and not too much slag - keep passing the parcel with foreign coins.

...or avoid anywhere with human shop assistants that pass the foreign coins on in the first place! . I’m pretty sure the foreign change isn’t coming from Amazon or the automated till in Tesco!

gingercordial

Just a warning if planning to cart heavy coins down to a bank which has a coin machine: they do have limits as to how many coins can fit inside before they need to be emptied by a member of staff. If someone else has just been and deposited a load of coins that might mean you can't do yours, or can only do some.

Not much to be done about it but just be prepared that it can happen.