Best ways to exchange coins at a bank.

[Deleted User]

Why don't you just spend it as you get it? Are you one of those in the pub who orders every drink with a £10 note as to not appear "poor" while counting out change?

I never get my head round that.

[Deleted User]

molerat said:

I still can't believe that coin counting machines are not the norm in banks.  When I was in Germany in the 1980s all bank branches had them although not for customer use, you just handed a bag of coins over the counter and the assistant put them into the hopper then got on with serving other customers until the machine pinged. The machine even wrapped the coins into paper rolls - no plastic bags as in UK.  But they were ahead of us in many ways, household recycling bins, domestic battery recycling points in shops - Yes the 1980s !

England is one of the least productive countries in Europe due to low capital investment plus Germany has traditionally been more cash focussed too. 

pramsay13

If it's counted and bagged nearly all bank branches will accept it and pay it into your own account. 
They don't need to have a coin machine, they just weigh the bags. 

pokora

Depending where you live you better checking at the branches. Business and over-the-counter at the banks apply a limit tothe amount of coins they handle per customer, others have machines to count and some have scales if you bag each type.

Sandtree

MetroBank have fee free ones in their branches that can be used by customers and non-customers... no idea if there is any daily limits on these things or not but then ours is normally limited to very occasional trips to get rid of coppers and so £50 tops sort of value after a few years.

molerat said:

I still can't believe that coin counting machines are not the norm in banks.  When I was in Germany in the 1980s all bank branches had them although not for customer use, you just handed a bag of coins over the counter and the assistant put them into the hopper then got on with serving other customers until the machine pinged. The machine even wrapped the coins into paper rolls - no plastic bags as in UK.  But they were ahead of us in many ways, household recycling bins, domestic battery recycling points in shops - Yes the 1980s !

Things are just different really, in the early 00s I wanted to buy a turntable from Germany as it was made there and much cheaper than in the UK and they made a really big thing that I couldnt pay cash on delivery and they had to check if they were able to accept an international credit card - they eventually decided they could but only on production of government issued photo ID and official proof of address. It all had to be done on phone and email as their website couldnt be bought from (and not one of these ultra high end companies that refuses for anything to be sold online).

UK hi-fi stores on the other hand at the time were happily selling online to international customers with straight through processing etc. Cash on delivery wasnt an option.