I have a jar full of change and have seen the machine at Asda where you can put them in, do I have to bag them all up and separate 1p and 2p coins. Do they take silver coins and pound coins?

Or can I just empty my jar into it?

How do these things work and how do they make money from them? Surely its not a free service or banks would have them.

Just empty the whole jar into the machine.

You get charged a small percentage for the service, but it is small.

It charges you a fee to use it. I wouldnt bother..get some bank bags and take them to the post office or bank. Otherwise its not hardly worth you doing it.

The machine is less hassle though, it gives you a ticket to use to pay for your shopping.

The machine is definately less hassel I use it all time. You dont just have to use it on shopping ya can exchange ticket for cash.

The machine is great :) I tend to take most of the 20p 50p and £1.00 coints out and chuck everything else in, it counts it and gives you a reciept which you can either cash or spend. If you have lots of free time and enjoy counting money then the bag and bank option might be better for you. I have better things to do so am happy to sacrafice a couple of quid in commission.
Nothing to do with beig Lazy...:D

Banks only take about £2 at a time and ide rather pay a little fee than go to the bank everyday for about a month!

The machine is fun too (don't I sound sad ?)

Originally posted by adamd
Banks only take about £2 at a time and ide rather pay a little fee than go to the bank everyday for about a month!

eh :loopy: banks have to take as much currency as you bring in, by law. The only requirement is that you have it correctly bagged.

I think your bank is being very unreasonable only taking £2 a time, the bank i worked for used to take huge shopping bags full, and the bags had all split and full of out of date tender, id still take mine to the bank, the queue is just as bad at the bank as the asda machine and i know id lose my ticket!

Plus if you go the bank you will be person in front with all the bags of charge that everyone hates.

Originally posted by nick2
The machine is fun too (don't I sound sad ?)



I`ve used that machine as well a few times, and i`m with Nick its quite fun.

Its like a slot machine especially when It spits your coins out of the bottom and you have to feed them back in the top. (what a sad life I lead)

I usually wait until I have a big jar full and take it. Last time I had about £70.00 that was just the odd 20p and 50p and the rest 10p`s and coppers.
I usually change my ticket at customer services and get the money straight away so I don`t lose it in the shop.

"eh banks have to take as much currency as you bring in, by law. The only requirement is that you have it correctly bagged."

Cyclone

I dont mind sarcasm but does your above reply meen that say i had £100,000 in the bank i could just walk in and say, hello i want my £100,000 now?

I dont think so.

Banks have better things to do than change peoples money jars and that is why they limit it to a few pounds!!

Why do you think i posted the question if i could go to the bank and change it?

I wanted a constructive answer not an ill informed reply.

My bank won't allow you to even deposit small change no matter how nicely you bag it !!!!! You can't even pay it into your own account

When i changed mine it was 7p out of every pound i think, i changed £140 worth :D :D

Its good fun but bloody noisy and everyone stares at you if your there for a long time!!!!!

The machine at the Asda is great. You have to put all the coppers in at once and then all the 5 pences together etc. Its very conveniant which is why I use it all the time. The fee is very very small. It gives you a reciept to either exchange for cash or use as shopping. It also gives you the option to pledge your money to charity, which i'm sorry to say I can't afford to do at the moment!

I took £44 worth of two's and one's to my bank at dinner time on a Friday the other day (I was realy popular!) and they didn't complain or tell me to get lost!?

does is give you a list of charities so you can choose which one to support or is it tied to one?

I think it gives you a slip you send to the charity of your choice.

Which asda is this that has the machine?

I have some change to change (?!) and fancy a go on a funky gadget machine!

Originally posted by adamd
"eh banks have to take as much currency as you bring in, by law. The only requirement is that you have it correctly bagged."

Cyclone

I dont mind sarcasm but does your above reply meen that say i had £100,000 in the bank i could just walk in and say, hello i want my £100,000 now?

I dont think so.

Banks have better things to do than change peoples money jars and that is why they limit it to a few pounds!!

Why do you think i posted the question if i could go to the bank and change it?

I wanted a constructive answer not an ill informed reply.

obviously you can. They might not actually have that much cash in a small branch, and they might want to verify your id, but what did you think a bank was for if you can't deposit or withdraw money?

You can go to the bank and change it, if they refuse i'm pretty sure that they are breaking the law.

Constructive enough?

I`ve searched on google and the one at Chapeltown donates to the following . But I don`t think you can pick an individual one.


British Heart Foundation
British Red Cross
Cancer Research UK
Lions International Blood Research Appeal
The Children's Society
UNICEF
WWF

Originally posted by purplepippa
Which asda is this that has the machine?

I have some change to change (?!) and fancy a go on a funky gadget machine!

The one at Handsworth has one, and i think Sainsburys have them too.

Originally posted by nick2
The one at Handsworth has one, and i think Sainsburys have them too.

Cheers Nick :)

I suppose i ought to point out that there is one of those machines at meadowhall sainsburys as well, seems to be very popular

dave

Originally posted by Cyclone
obviously you can. They might not actually have that much cash in a small branch, and they might want to verify your id, but what did you think a bank was for if you can't deposit or withdraw money?

You can go to the bank and change it, if they refuse i'm pretty sure that they are breaking the law.

Constructive enough?

My intention here was not to get in a tit for tat debate, but if you want to withdraw over £2,000.00 or there abouts you have to order it! (and it takes a couple of days)This rule applies to all branches big or small! prove me wrong and ile use your branch.

Originally posted by nez75
The machine at the Asda is great. You have to put all the coppers in at once and then all the 5 pences together etc.

I've used this machine loads, and have never seperated the coins! Surely the idea is that you can just throw the whole lot in together?

The exact charge is 7.5%

The bin lids love it - they collect for a few weeks the odds and sods and then cash it in - a small amount to charity and a new video or dvd - works for me. Banks are generally too miserable to swap change for hard cash.

Originally posted by Cyclone
You can go to the bank and change it, if they refuse i'm pretty sure that they are breaking the law.
Constructive enough?

It would be more constructive if you could state specifically which law they're breaking.

My bank won't allow you to even deposit small change no matter how nicely you bag it !!!!! You can't even pay it into your own account

My guess is they are not a proper bank then. Are they a former building society per chance?

My bank will exchange coins for customers, up to any amount. Obviously if you want thousands of pounds we may need to order cash in. The coin needs to be properly bagged, and it's weighed by the cashier so it doesn't take too long to process.

Our bank is currently installing coin counting machines similar to those in supermarkets in a small number of branches, to test customer reaction.

I went all the way to Asda at Hansworth (about 6 miles) to use there machine worked great no problem.

Next week I was doing my usual weekly shop at Sainsburys Archer Road, less than a mile from where I live and guess what they had a machine there,never noticed it lol

I've used the machine at Asda, it's a great idea!

While I was pouring a jar full of coins in a bloke came up and asked me if it was a fruit machine. I laughed because I thought he was joking, but he wasn't. :)

Post office will also give you bags, and take any cash you bring in.

Your hands do get really smelly when counting out the money though!

Originally posted by adamd
I have a jar full of change and have seen the machine at Asda where you can put them in, do I have to bag them all up and separate 1p and 2p coins. Do they take silver coins and pound coins?

Or can I just empty my jar into it?

How do these things work and how do they make money from them? Surely its not a free service or banks would have them.
not read the thread so it might have already been said but yes you can put all uk coins in it and 7p in the pound goes to charity..well she needs it now tom kings back heeled her:hihi: :hihi: :hihi: :hihi: :hihi:

Its good fun but bloody noisy and everyone stares at you if your there for a long time!!!!!

isnt that an invitation to get bashed over the head?...make sure you've got a body guard if you're depositing a load of shrappnell next time! :)

aunty witch x

Its good fun but bloody noisy and everyone stares at you if your there for a long time!!!!! [/B]

isn't that what george micheal said:hihi: :hihi:

If you have an account with the bank they should not refuse to change a reasonable amount. The last lot I took to the Bank (Barclays) there was about £50 in copper and it was changed no problem.

There are obvious limits to this walk in, walk out method. But there should not refuse to take the cash and deposit it into an account. If you go when the bank is really busy then they may ask that you return at a more convienient time.

The Bro wanted to take £1500 out of his own account and was only allowed £1100 cash (He also had to have ID). They stated the rest could be paid by Bank Cheque which would take approx an hour to process.

Are these machines at all Asdas or just The large Hansworth one. I live near Chapeltown

Originally posted by SlimboyFat

The Bro wanted to take £1500 out of his own account and was only allowed £1100 cash (He also had to have ID). They stated the rest could be paid by Bank Cheque which would take approx an hour to process.

Again, I think this was not a proper bank. It may say "bank" above the door, but I bet it was a building society pretending to be a bank. Unfortunatly, these organisations are ubable to deal with anything but the most simple transactions.

As for having ID, that should be standard practice for large withdrawels...surely people understand why? :suspect:

The coin counting machines don't give their commission to charity, they keep it! However, you can choose to donate your coins to charity instead of getting a voucher, if you wish.

Not sure if anyone's mentioned this but there is one at Sainsburys on Archer road, this one is never busy.

Me and hubby empty our loose change into a container at the end of every day, there must be loads of £ in there now.

Next time i've got my neices and nephew over on a rainy Sunday afternoon, they love nothing better than counting out all the money and dividing it up into 3 equal shares (one each) and then they can take it down to Asda, change it (the kids love it)! and then treat themselves to something.

PS: I know having the children count the money out defeats the object of using the change machine to a large extent, but it keeps them quiet and they love doing it. :D

you don't need to sort out the change