HSBC rant - Unbelievable!

pickles_pink

Hi Guys -

Lots of supermarkets now have "Coinstar" Machines in the lobby area, you pour in your lovely coppers or any shrapnel that you may have accumulated (it spits out in buttons or other bits you may have inadvertedly popped in) it counts it all (it does take a small percentage) and then you can either donate to charity or it prints a receipt. You then take this to a till and they will give you the cash or you can use it to pay for your shopping!!!!!

Brill!!!! :T

Pound

I read that HSBC had these machines and didn't charge commision. There was even a post on HotUKDeals about it.

http://www.hotukdeals.com/item/96881/don-t-lose-out-using-coinstar-at-th/

rbrian

What I like most about these machines is that they say "Turn your coins into cash!"

Hang on a minute, I though coins were cash?

As to spending coppers... so a Coke costs 75p. You take £1, now you have 25p change. The next day, you take a pound, now you have 50p change. The next day, you take a pound, now you have 75p change. The next day, you use the 75p change. At the end of the week, no need for extra change!

It can be more complicated than this, I agree - but not that complicated. If you have 56p change, then pay £1.05 for your Coke - now you have 81p change, enough for Coke the next day, and 5p left. The next day, pay £1.05 - now you have 30p in more useful silver coins. Anything that isn't a round 10p, use coppers. Pay £2.09 for a £1.79 sandwich, get 30p in silver coins back. Before you know it, your coppers are gone.

wolseley_2

MarkyMarkD wrote: »

Why should banks waste ages of counter staff time on people paying in stupid amounts of coinage? More to the point, why should other people have to queue for ages in the bank because someone else is paying in stupid amounts of coinage?

Well... The coinage I was trying to pay in was already counted (and double checked) by myself and correctly bagged into coin bags. In fact HSBC branded coin bags given to me previously by HSBC for this very purpose. Having paid in coinage before (both my own and when doing the banking when I used to volunteer in a charity shop which, as you can imagine, takes a lot of small change), I can tell you that the teller does not have to waste time counting it as if it is correctly bagged all they do is weigh it. Paying in coinage when correctly bagged is far quicker than a lot of other bank transactions - in fact I would be suprised if the entire transaction had taken more than a minute or two.

Being that I do almost every other banking operation I ever need to via my online banking account (other than the occasional cheque for which I use the machines), I hardly feel that I am wasting other peoples time when on the odd occasion I want to spend 2 minutes paying in some cash. In fact, when I have done this in the past I normally have to wait for a queue of people to carry out transactions such as bill payments which could have been done online, over the phone, by direct debit or by cheque through the post. Sorry, but I fail to see your point.

Pound

rbrian wrote: »

As to spending coppers... so a Coke costs 75p. You take £1, now you have 25p change. The next day, you take a pound, now you have 50p change. The next day, you take a pound, now you have 75p change. The next day, you use the 75p change. At the end of the week, no need for extra change!

I think a lot of people are really bad at this, maybe just out of laziness. When I worked as a cashier I'd see a lot of people open up a wallet bursting with copper and other small change then hand me a £1 coin to get a load more change back.

I'm just the opposite, probably too much. I always try to give correct change. If something is 74p I'll give them £1.04. Sometimes I'll confuse them by giving £1.24.

HeadInSand_2

Debt_Free_Chick wrote: »

As Saturday is not a business/banking day, does any branch of any bank provide a full service?

I bank with Barclays - I often go into my local branch and 'bank' on a Saturday (usually paying in bags of change!) - they have taken hundreds of pounds in change (bagged up) and never batted an eyelid about it (I work in a restaurant part time to pay off remaining debt, I save up my tips and pay them in ~once a month)
All stations are fully staffed so it seems fully operational, no idea if you could apply for loans and suchlike on Saturday though...

Retired_I.F.A.

pickles_pink wrote: »

Hi Guys -

Lots of supermarkets now have "Coinstar" Machines in the lobby area, you pour in your lovely coppers or any shrapnel that you may have accumulated (it spits out in buttons or other bits you may have inadvertedly popped in) it counts it all (it does take a small percentage) and then you can either donate to charity or it prints a receipt. You then take this to a till and they will give you the cash or you can use it to pay for your shopping!!!!!

Brill!!!! :T

Shrapnel eh? hmmmm hows about them discs you can buy for the trolleys, think they are 3 for a quid on ebay.

hahah look out Morrisons the retired IFA has a new career.:rotfl:

MarkyMarkD

lynzpower wrote: »

But you are proving your own point there Marky.

Im not spending for the sake of it, just to "get shot" of my coins.

As the OP has shown they have almost 80 quid in coins.

Do you think that YOU would buy something for 80 quid using shrapnel like this, ie,would you take 40 quids worth of copper to fill up your car? Would you spend 50 quid of copper to sainsburys?

Of course I try to offload bits here and there if eg I buy a newspaper Ill of course try to pay in copper. But over a pounds worth and it DOESNT GET ACCPETED

Are you saying that I should try to make every endeavour to squander copper just so I dont have to inconvenience the poor banks yet again to help me look after my own money

I am not saying some poor hard done by clerk has to waste thier time with me, BUT 80 quid is 80 quid, whether its 4x 20 pound notes or bags full of change in an auto hopper.

I await 2008s announcement from the mint when they bemoan the lack of copper in circulation and urge us to dig down the back of our sofas again. We dont need to, there are scores of MSErs who save copper, Ideally, yes, wed put it in the bank to start earning a bit of interest on it. But alas, we cant.

SIGH

You really don't get it, do you?

You would never get over £1 in change, if you always endeavoured to pay using the right change. You would never have to carry around more than £1 in change, which doesn't weigh anything.

The problem is that you are not carrying around your change. When you get it, you are taking it home and instantly hoarding it.

I haven't suggested spending for the sake of it - you are not reading my words, but making up your own incorrect interpretation.

Simply try not dropping your change off in the house next time you come home - take it out with you the next day - and your problem will go away.

pickles_pink

Pound wrote: »

I think a lot of people are really bad at this, maybe just out of laziness. When I worked as a cashier I'd see a lot of people open up a wallet bursting with copper and other small change then hand me a £1 coin to get a load more change back.

I'm just the opposite, probably too much. I always try to give correct change. If something is 74p I'll give them £1.04. Sometimes I'll confuse them by giving £1.24.

I may be corrected here, but I think women are usually better with using coinage than men. - I will stand at a check out and rumage for the correct change where as my DH will never contemplate using coinage - ever! Always notes.

Pound wrote: »

Shrapnel eh? hmmmm hows about them discs you can buy for the trolleys, think they are 3 for a quid on ebay.

hahah look out Morrisons the retired IFA has a new career.

By Shrapnel I meant larger value coins, (a term my dear old dad used to use) but you may be on to something there retired! :j Ebay you say? :rotfl:

jonesMUFCforever

lynzpower wrote: »

but I get more change than I spend! And so many places WONT TAKE COPPER!!! Its not just banks, but buses and london underground dont take copper, parking meters dont take copper. I do take as much of it to the self service checkouts as possible, and feed it in there keeping my cash in the bank, but I dont like to drag around 15 quids worth of copper when doing my weekly shop - I tore a handbag twice carting copper and thats not moneysaving......

I do think its a scandal that banks can pick and choose what format the money can come into the account. Im sure someone will say that banks can choose what they want to do, which like any business they can, but it just bothers me.

Plenty of kids start of learning to save by saving coppers and I think that It just sends out the wrong message, thats all. All saving & prudence should be appluaded by banks, not rejecting money as it comes in coin format.

Where do you get all this copper from then?
If its not on the bus, the underground and parking meters where exactly do you get it from??

I think you know where I'm coming from don't you - the place you get it from is where you spend it next time!;)