Limit to the amount of change you can bank?

Forget the bank - sell your bagged loose change on the black market .

The bank will only give you the minimum exchange rate , But selling your loose change illegally will see you earning 20% .

What bank? Barclays don't mind you paying in that much, I have done so occasionally with several hundred pounds worth in bags. Just one tip - they weigh every bag to check they're correct, so bring a few extra coins of each denomination in case you're short a few.

Marcus

Some banks charge. I throw all my change in a bowl and every now and then go to a supermarket that has a coin sorter machine and throw it all in there, they charge 7 percent.

mrcheerful

If you have problems with paying the change into your account you can ask the bank to exchange it for the notes ( and then pay the notes into your account ? ). Each month I exchange about £40/50 in change and keep the notes for whatever.

I've got one too, very handy.

At the Halifax the limit is 5 bags a day, mainly because they only have one set of scales for the whole branch usually so the cashier has to go off and weigh them.

Older banks with scales at every cashiers position probably don't have a limt.

Peter

Peter King wrote

Might I ask which ones the are?

Argus do one, I think, and do they do the counting for you?

Mine looks like:

Which looks like the same design as the argos one, I'm not sure where mine came from as it was a present last year.

They do, but only to a certain extent, basically each tube on the front holds a set amount of coins. Unfortunately this doesn't always correspond to the amount needed to fill a banks coin bag, for example the 10p and 20p tubes each hold a bags worth, while the 5p tube only holds 40 5p coins. Far less than the 100 needed to fill a bag.

Also 5p coins occasionally get stuck, but it only takes a second or two to free it.

In summery, its a handy gadget/toy to dump your coins in each evening and sort out the high value ones while leaving the low value ones to be bagged up and taken to the bank. But its would be no good in a shop.

Peter

7%!! Jesus! I take my bags of loose change to charity shops. If I wasn't so cynical I'd think you were lying about banks and supermarkets charging you to change your own money! Do they charge you if you want to pay the money into your bank account?

In message , Poldie writes

If it ios just an occasional thing, and so long as the coins are sorted and bagged into the proper multiples, then no. If it were a regular thing, then yes. Businesses generally get charged for paying in cash.

It's a charge for laziness. It is possible to actually *spend* change as you go, believe it or not, like if something costs 4.23 check if you've actually got

4.23 in change instead of automatically handing over a fiver. That way you never build up vast amount of loose change in the first place.

Bitstring , from the wonderful person Andy Pandy said

As I tell SWMBO every time she lends me her purse, having more than 4p in copper is a sign of a lazy mind. 8>. (I can cope with having a few pounds in silver, because that's what parking machines eat).

I keep a bag of 5p coins in the car for parking meters! Also a few 10s and 20s in case the 5s run out.

Yup - I keep forgetting *not* to spend my change if I'm getting the bus or tram the next day. Bus drivers are fussy about accepting a tenner for a 3.30 fare, they'll laugh at you if you try giving them a twenty. One even didn't have change for a fiver once.

Do they accept those silly little six-pences?

Andy Pandy wrote

You are a sweet old lady, and I have often waited behind you in Sainsburys checkouts. 8-(

Does anyone under 80 still use money?

Peter King wrote

Thanks. I saw one which my grandson in California had a few years ago for his money gifts etc. It sorted them directly into paper bags which could be taken to the bank, which I thought was very useful, but that was for Do$$ar coinage of course.

I've used the Sainsburys counting machine once, to get vouchers, but the

7% voluntary tax is too much...

Well, I am sweet. Getting on a bit, possibly. Lady - well more convincing then them two in Little Britain.

Ah ha! You are the student down the pub last night who tried to pay for a round using his debit card.

ICM5P.

Andy Pandy wrote

Yebbut, nobut, yebbut I so don't believe you said that.

You would take 5P off a 72 y/o mature student*?

• Human Nature, Meeja Studies (Corrie).

About as good as going into Tesco yesterday and dutifully handing over my Clubcard and Mastercard for 1.95 without even realising, after all that is what I normally do in Tesco!!! (quite how i had convinced myself that 3 packs of 6 bread rolls, a 300ml bottle of pure orange juice and a banana to about 6 i have no idea!!!)