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Post Office no longer change 'loose change'?


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Old 25-02-2010, 22:47
bingoman
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I have a a jar of Loose Change recently so i decide to take some of the Loose change to the Post Office to my shock they told they no longer change your loose change up, the only time the change it id for bills to pay, so when did they decide no to change That policy

So instead i took the change to a bank an dthey where happy to change it for me

Is it just some post office who no longer do or is all post offices around the country
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Old 25-02-2010, 22:48
FluffyEgg
 
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Even most banks would prefer you bag it up. I have a load of bank bags, and when my spare change box fills up, I sort it to fill bags.

People have got better things to do than count out acres of change, just get bags and sort it yourself
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Old 25-02-2010, 22:51
FERAL SHARKEY
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buy something with it all ?
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Old 25-02-2010, 22:59
bingoman
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Even most banks would prefer you bag it up. I have a load of bank bags, and when my spare change box fills up, I sort it to fill bags.

People have got better things to do than count out acres of change, just get bags and sort it yourself
I do bag up the loose change but the post office wont change it up anymore it seems
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Old 25-02-2010, 23:00
Cineast
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My mum works in a Post Office and their policy is to accept change only if it's bagged in proper bags, and only if they're in need of the change. Otherwise they end up with queues of angry customers while they count your shrapnel, and a safe that's bursting with change they will never use.

ETA sorry, just spotted your post. You could try taking it to a supermarket, they have machines that count your change and give you shopping vouchers for it...for a small fee, obviously
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Old 25-02-2010, 23:01
Hypnodisc
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I do bag up the loose change but the post office wont change it up anymore it seems
I never knew they did!

I'd always use those 'Coinstar' machines.

I'd feel a bit stupid taking a big jar of pennies in and asking it to be changed up.

So you did have it bagged? Was it bagged up correctly with 10 coins in each bag etc? If not - you can't expect them to take it anyway
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Old 25-02-2010, 23:01
Hypnodisc
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post missing
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Old 25-02-2010, 23:10
bingoman
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I never knew they did!

I'd always use those 'Coinstar' machines.

I'd feel a bit stupid taking a big jar of pennies in and asking it to be changed up.

So you did have it bagged? Was it bagged up correctly with 10 coins in each bag etc? If not - you can't expect them to take it anyway
It is bagged up correcly with right amout in the liitle bags
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Old 26-02-2010, 22:53
bean999
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I'm a hoarder of small change and the options are limited. My bank restricts coin deposits to I think a tenner, and I generally have no other reason to visit my branch in any case so it's a bit of a drag. There are these coin-sort machines in some supermarkets but they charge a percentage (unlike in the US where I understand you get an in-store voucher for the full amount). But, if you don't mind shopping in Tesco some branches accept coins at their self-service checkouts.

edit:
I see there's an old thread on this. Someone mentions banking change at an automated branch of HSBC, fairly sure my bank (Halifax) doesn't offer that.
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Old 26-02-2010, 22:56
ValLambert
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My local bank wont take more than twenty pounds in change from the public (at each visit), even if it's bloody bagged. I sometimes wonder if banks have forgotten the real reason they are there and not to flog insurance products every time you pop in.
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Old 26-02-2010, 22:57
Hurlley
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this is what I do, I see what's in my wallet, 93p? i get 7p worth of pennies and put it in. I do this whenever i remember. I didn't collect the pennies, I think someone gave them to me. So that doesn't actually help if you "collect" pennies.
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Old 26-02-2010, 23:26
brillopad
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Banks don't want coins back - they're of no use to them and will end up in large value bags on a truck to nowhere - effectively out of circulation with no way to get them back in circulation.
Imagine if we all took a dislike to 5 notes and started handing them in - likely considering how manky they all are - there's no effective way to get new ones into circulation unless you want ATMs stacked with 'fivers'.
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Old 26-02-2010, 23:29
cosmo
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My local post office still changes silver coins for notes at no charge.

I changed some only last week.
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Old 26-02-2010, 23:45
TUTV Viewer
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Banks don't want coins back - they're of no use to them and will end up in large value bags on a truck to nowhere - effectively out of circulation with no way to get them back in circulation.
Imagine if we all took a dislike to 5 notes and started handing them in - likely considering how manky they all are - there's no effective way to get new ones into circulation unless you want ATMs stacked with 'fivers'.
Not exactly true...

Come wednesday evenings and the local pubs and clubs will be in their banks drawing out sacks of change (and fivers) for the Thurs-Sat nights.

Essentially if someone is giving you change, then they must have got it from somewhere. That somewhere is usually a local bank or for bulk change a cash centre.
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Old 26-02-2010, 23:50
Spot
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Just try to pay for things with the right money whenever possible, or give a small amount extra so that the change is a larger coin (e.g. if you are paying 9.52 and you hand over a tenner, give a 2p coin as well and then you can get a 50p coin as change) and you won't accumulate a huge number of small coins and this problem won't arise in the first place.
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Old 26-02-2010, 23:51
shadowlawn854
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(unlike in the US where I understand you get an in-store voucher for the full amount).
Not true. In the US, Coinstar charges 8.9% of the total as their fee.

However, coinstar has free coin counting if you want a gift certificate at several retailers like amazon.com, Lowes or JC Penney.
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Old 26-02-2010, 23:51
RussellIan
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You have to give it to Coinstar and lose 7p in the pound. Money can't buy you happiness and these days, it can't even buy you money.
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Old 26-02-2010, 23:55
BigBHM
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I take my bags of saved up silver over the road to my local convenience store (bagged up in the appropriate way of course) - they have not turned me away yet, and only counted on the first occasion.
Granted I have a load of coppers still ( I haven't tried bringing them there, but its doubtful they would want 8 worth lol).
I can take them to my bank anyway, which, incidentally, requires for you to have an account with them or they won't change it up.
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Old 27-02-2010, 00:02
bean999
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Not true. In the US, Coinstar charges 8.9% of the total as their fee.

However, coinstar has free coin counting if you want a gift certificate at several retailers like amazon.com, Lowes or JC Penney.
Thank you. I had heard something along those lines and had got the impression it meant in-store machines and vouchers for that store, it seems it's not as simple as that, thanks for clearing it up.
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