Getting rid of coins

General Chat
#1

My flat is coming down with coins, mostly small denominations. Any time I find myself with a load of coins in my pocket I take the ‘big’ denominations and put the smaller ones in a jar or something. ‘Big’ used to be 20p but now I’d maybe even put £1s in if I had too many.

I want to get rid of them and now that Monzo has the feature to pay in cash I think it’s a good time. I know I could technically rock up to some newsagents with a ton of them but I’d expect they wouldn’t take kindly to the idea, I’d rather get them all into notes first.

I’ve heard before of going to a bank but you have to count them yourself? And I’m unsure if they would do it considering I don’t bank with them. I’ve also heard of machines that count it for you that take a small commission but I’ve never seen one - I live in Glasgow.

Any thoughts, ideas or even alternative suggestions?

#2

Just go to any Metrobank and use their coin machine, it is free for anyone to use.

#3

My local Morrisons also has a coin machine. Pretty sure it’s free but I could be wrong.

#4

go in to any bank ask for coin bags - bag them up and take them in, they give you notes - don’t think you need to use the bank for one off use - if you are doing it repeatedly they might not look too kindly on it :slight_smile:

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#5

The best tip is to save them in an old jar or container until you forget about them and the currency is no longer accepted.

8 Likes
#6

@Kumnaa

That would be perfect. Where’s that if you don’t mind me asking?

#7

@anon72173902

Thanks for the tip but it doesn’t look like there’s in in Glasgow :confused:

#8

That’s good to know at least! Haven’t seen one of those wee bags in years :joy:

#9

It’s in Reading. Don’t know if it’s a national thing.

#10

Ah okay, I know where there’s a big one actually so I’ll go check it out, thanks!

#11

Just a heads up you usually need to have account with the bank to do this.

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#12

There are a few of these Coinstar coin counting machines around glasgow by the looks - they give you a receipt you can exchange for cold hard cash - they are usually at supermarkets.

They do charge a ridiculous fee of 11% though, so it’s probably a very last resort.

#13

I try to use them at self service machines in supermarkets. You can usually part pay in cash then settle the balance with card.

3 Likes
#14

Yeah I suppose because it’s so handy, still, a bit steep! I’m gonna try the bank method first of all with who I used to bank with and if that doesn’t work find one of those machines - thanks for the link!

#15

I bag up coins and put them in Barclays at the post office. Santander only take 5 bags at a time so watch to see if there’s a limit where you take them

#16

Some RBS have machines that count loose change, you do need an account with them though…

#17

HSBC do too - or at least used to a few years ago in London. Probably the only thing I miss about them.

#18

My local high street bank has bulk coin deposit machines where you just dump your coin In and it sorts it, I just do that then transfer to Monzo.

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#19

The HSBC on Buchanan Street has coin deposit machines, but as you say, you’d need an account with them.

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#20

Been there - done that :smirk:

1 Like