Best place to deposit large amount of coins?

[shed driver]

Loose change seems to add up fairly regularly and each year we seem to have about £150 - £200 in mixed coins. We usually bag them up and just hand them over the counter in branch and pay in to our holiday account. This year a high street bank has said no more than 5 bags per day per account. I always go when it's quiet, check with the teller if they have time prior to starting the transaction. I can't see anything in their terms and conditions.

Any one else come across this?

SD.

[Petrus1983]

I can't remember what % they take but I've used Coinstar a few times which was good - and no faffing around sorting all the coins out.

[illmonkey]

Some of the bigger banks will have a coin machine. I used Natwest in Oxford 5+ years ago to deposit about £170 of coins, it eats them all up then presents a slip you take to the teller and they pay it into your account. No charge/fee either

You could look for similar

Even mentioned on their site - "Coin in machine" https://www.natwest.com/banking-with-natwest/other...

ETA, i was obvs excited as I took photos. My details were a little off, £118…

Edited by illmonkey on Sunday 9th March 09:53

[Simpo Two]

I keep my loose change down by spending it.

[shed driver]

Sadly no coin machine in any of the branches I hold accounts with.

I suppose I could open a Nat West account just for this.

SD.

[illmonkey]

shed driver said:

Sadly no coin machine in any of the branches I hold accounts with.

I suppose I could open a Nat West account just for this.

SD.

You're welcome to pay it into my Natwest account...

[Vasco]

Bank branches don't want coins, some have had restrictions for years. Some supermarkets etc have machines collecting coins but I think they're run by a 3rd party and may levy a small charge. Just spend the coins or, preferably, put them in one of the charity boxes you often see by shop tills.

[Malcolm E Boo]

Pay it in to your account via your local Post Office.

Mine takes all amounts of change as long as it is bagged.

[twing]

shed driver said:

Loose change seems to add up fairly regularly and each year we seem to have about £150 - £200 in mixed coins. We usually bag them up and just hand them over the counter in branch and pay in to our holiday account. This year a high street bank has said no more than 5 bags per day per account. I always go when it's quiet, check with the teller if they have time prior to starting the transaction. I can't see anything in their terms and conditions.

Any one else come across this?

SD.

I used to use the ones in supermarkets and suck up the 10% donation. Luckily my local Natwest now has a no-fee machine which is great if it's ever open.

[loskie]

Bank Of Scotland local branch still take bagged coins. Yet they are still a small rural helpful branch. Sadly on the demise.

[zsdom]

shed driver said:

Loose change seems to add up fairly regularly and each year we seem to have about £150 - £200 in mixed coins. We usually bag them up and just hand them over the counter in branch and pay in to our holiday account. This year a high street bank has said no more than 5 bags per day per account. I always go when it's quiet, check with the teller if they have time prior to starting the transaction. I can't see anything in their terms and conditions.

Any one else come across this?

SD.

Make a complaint if your branch arent accepting your deposits, the bank I work for doesnt have any restrictions, I recently had a customer pay £300 to credit card in 10p pieces

That was fun

[FlyVintage]

My local supermarket (Morrisons but I imagine others are similar) has a coin acceptance facility on the self serve checkouts. A few weeks ago we paid the weekly shop (about £100) all in saved up loose change. It did get a few odd stares, but I’m used to that anyway

[Vasco]

zsdom said:

Make a complaint if your branch arent accepting your deposits, the bank I work for doesnt have any restrictions, I recently had a customer pay £300 to credit card in 10p pieces

That was fun

Why make a complaint ? - banks are free to set their own rules.

[shed driver]

zsdom said:

Make a complaint if your branch arent accepting your deposits, the bank I work for doesnt have any restrictions, I recently had a customer pay £300 to credit card in 10p pieces

That was fun

They are taking deposits, just limiting the denominations. Maybe it's a local thing?

SD.

[Thin White Duke]

Malcolm E Boo said:

Pay it in to your account via your local Post Office.

Mine takes all amounts of change as long as it is bagged.

The main post office nearest to me only allows 5 bags per day per account.

I do recall many years ago Britannia Building Society only accepting 5 bags per day. Thinking about I was on the bus that day so it must be at least 20 years ago.

[alangla]

FlyVintage said:

My local supermarket (Morrisons but I imagine others are similar) has a coin acceptance facility on the self serve checkouts. A few weeks ago we paid the weekly shop (about £100) all in saved up loose change. It did get a few odd stares, but I’m used to that anyway

I used to dump coins in the self-scan tills in M&S when I was buying lunch there. I’m convinced the bloody things remembered me as any time I was a few pence over it was like winning a fruit machine jackpot with the deluge of coppers that came out the thing!
(This was pre-Sparks card days so the machine definitely didn’t have that way to remember me!)

On a more serious note, if you’ve got kids you might be able to pay into their bank accounts, some banks waive coin limits for deposits to children’s accounts.

[The Gauge]

I've used those machines at supermarkets where you tip in your coins, it counts them and after tainge a commission I think then give you a shopping voucher?

[Simpo Two]

shed driver said:

zsdom said:

Make a complaint if your branch arent accepting your deposits, the bank I work for doesnt have any restrictions, I recently had a customer pay £300 to credit card in 10p pieces

That was fun

They are taking deposits, just limiting the denominations. Maybe it's a local thing?

SD.

Coins are only legal tender up to certain amounts: https://www.royalmint.com/help/trm-faqs/legal-tend...

ETA Why is the Royal Mint commemorating the battles of Lexington and Concord which were British defeats? https://www.royalmint.com/shop/limited-editions/th...

Edited by Simpo Two on Sunday 9th March 21:43

[Phateuk]

The Gauge said:

I've used those machines at supermarkets where you tip in your coins, it counts them and after tainge a commission I think then give you a shopping voucher?

You can usually choose between cash or a shopping voucher.

I rarely have any cash these days, but back when it was more common I'd usualy use these machines - I naively assumed i could take a bag of coins to the bank but got turned away when they were already pre-sorted into the same coin type and content value per bag :/ Not worth my time to count and sort a load of coppers The last machine I used took 6% fee so not bad for zero effort.

[mcflurry]

The Gauge said:

I've used those machines at supermarkets where you tip in your coins, it counts them and after tainge a commission I think then give you a shopping voucher?

Tipping the coins straight into the self serve tills instead saves the commission