loose change counter

number9

number9

Well-Known Forumite
at NatWest as you go in, it's on the wall on the right.
we had a lot of change that had been saved in a bottle over time, so we chucked it all in a plastic container, went to the bank, and poured it all in to the machine, it counts it, spits out any reject coins like foreign ones, and gives you a voucher you can take to the tills to either pay into your account or change for cash. no account needed for cash option.
we had £57 worth :)
 
Amerlan

Amerlan

Well-Known Forumite
The ones in supermarkets (Coinstar) certainly are not commision free, they charge 10%. Many people are under the impression that banks will not take loose change any more, but they will. All you need to do is bag it up in the proper amounts and they will gladly change it for notes. They will even give you the bags if you ask.
That said, if the change machine at the NatWest is commision free then thats got to be the one to use.
 
number9

number9

Well-Known Forumite
its commission free in NatWest. it tells you how many of each coin there was, and how many rejected. we had a couple of American cents, and euro cents in there. a british 2p was also rejected.
it does it all in a matter of seconds. pour the whole lot in 1 go.
 
Gramaisc

Gramaisc

Forum O. G.
number9 said:
its commission free in NatWest. it tells you how many of each coin there was, and how many rejected. we had a couple of American cents, and euro cents in there. a british 2p was also rejected.
it does it all in a matter of seconds. pour the whole lot in 1 go.
Click to expand...
Did it give you any pound coins back, there's a lot of counterfeits about these days?
 
Glam

Glam

Mad Cat Woman
I have about £60 in loose change, that's worth a pop in if there's no commission.
 
number9

number9

Well-Known Forumite
Gramaisc said:
Did it give you any pound coins back, there's a lot of counterfeits about these days?
Click to expand...

it doesn't give you any cash. it gives you a voucher, take it to the counter staff, they'll exchange for cash, or transfer it to your account. you don't need to use the voucher immediately, queues were big, so we called back on the end of town trip.
 
Gramaisc

Gramaisc

Forum O. G.
number9 said:
it doesn't give you any cash. it gives you a voucher, take it to the counter staff, they'll exchange for cash, or transfer it to your account. you don't need to use the voucher immediately, queues were big, so we called back on the end of town trip.
Click to expand...
I know - I was just wondering how many £1 coins got rejected, as I said, there's a lot of fakes around.
 
number9

number9

Well-Known Forumite
Gramaisc said:
I know - I was just wondering how many £1 coins got rejected, as I said, there's a lot of fakes around.
Click to expand...
ahh right, gotcha.
ours was all copper n silver stuff from 1p to 20p pieces. £57 worth, heavy to take.

edit: any rejects get spilt out back to you, so if they were fakes, you could always try them in car parks
 
staffordjas

staffordjas

Well-Known Forumite
number9 said:
ahh right, gotcha.
ours was all copper n silver stuff from 1p to 20p pieces. £57 worth, heavy to take.

edit: any rejects get spilt out back to you, so if they were fakes, you could always try them in car parks
Click to expand...
Lots of carparks spit the fake ones out, as I've found many a time . I swop my notes for sons change jar, and it's amazing how many fakes are floating around where he's at uni , especially £1 and 20p coins!

There were loads of fake £20 notes floating around when I worked in a bakery. We couldn't get rid of them as we didn't do cash back. The boss took a couple of the fake £20 notes to the bank , expecting them to change them. Handed the first one over and the cashier kept it and he got nothing back for it. She wouldn't even hand it back to him. So he kept the other one in his pocket and off-loaded it elsewhere.
We were taught how to spot fake notes and coins , but the odd scottish note we got could have been monopoly money for all I knew.
 
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Gramaisc

Gramaisc

Forum O. G.
'They' admit to 3% fake £1 coins, I suspect it's a bit more than that.

Anybody who has a counterfeit coin or note handed tendered to them is obliged to retain it.

The Scottish (and Northern Ireland) note situation is just stupid - you can take a Portuguese Euro note to Finland and have no problem - the only difference is the letter in the note's number.
 
Amerlan

Amerlan

Well-Known Forumite
If you log on to the Bankl of England website it will show you how to spot a fake banknote. Here is a link to their booklet.
http://www.bankofengland.co.uk/banknotes/documents/kyb_lo_res.pdf
This one for fake £1 coins www.royalmint.com/discover/uk-coins/counterfeit-one-pound-coins

Gramaisc is right when he says the Scottish and Northern Ireland currency note situation is "stupid", but it is of our own making. They are both perfectly acceptable and are legal, sterling currency. It's just that people have got it inot their heads they are not and it causes more trouble than its worth to argue about it. Where I work, we do not routinely return such notes to customers but let the clearing banks have it all back when we cash up.
 
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Gramaisc

Gramaisc

Forum O. G.
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