Bank won't accept £1 coins in bulk

I have one of those money boxes that when full you have to open it with a can opener.

So today I opened it and bagged up £420 in pound coins and took them to my bank to pay them in.

“Sorry sir, we can’t accept them”

“Why on earth not?”

“Because we don’t have the facilities for accepting large payments of coins”

“This is a bank, right?”

“Yes of course it is”

“So take my money and pay it into my account, it’s all bagged up as required”

“Sorry sir, as I said…yadda, yadda, yadda”

I walked out feeling rather pissed, crossed the road, walked into a travel agency and booked this coming summers holiday.

I paid with the coins, no problem.

I got home and sent a stinking email to the HO of my bank, I await a reply

I could have understood this a year ago, when banks were more interested in giving 125% mortgages to the unemployed, but nowadays you’d think they’d be glad to see £420 in real money coming through the door, in whatever form.

Guess I’ll leave it a while before cashing in my 5p jar, then.

I wonder what’s going to happen at the end of the day when someone at the travel agency tries to drop off the 420 quid at the bank as part of the day’s takings:)

Aha!
That’s the catch. Lousy Yurpeans and Canucks telling us how great Coin money is, but neglecting the ‘Banks won’t take it’ angle so we get stuck with boxes of money.

I’ll still happily stick with my paper.

Further evidence that banks are run by moronic people. I can’t access my bank today–it’s closed. (it’s Wednesday!). I could use my ATM card, but I refuse to pay the fee to get access to my money. :rolleyes:

Yep–I’m becoming one of those old people.

I got one of those also.

Hasn’t been opened in 7 years, it’ll take me about as long to count it when I finally open the bugger.

On second thoughts I’ll probably give it to one of the homeless guys I see

Your bank is closed?

In the UK they’re open 5½ days a week.They close at lunchtime on a Saturday and all day Sun

You have to pay to withdraw your own dosh?.

Sheesh:eek:

You bagged them, not rolled them? I’m curious–I’ve never heard of a non-financial person actually bagging coins.

Coins don’t get rolled in the UK. They come in bags, and if you want to pay them in at the bank you have to bag them yourself (usually).

£1 coins go in bags of £20.

Edit: here’s what the bags look like - they have a funny fold-over top that seals them. (Sorry about the huge pic!)

Yes and £420 weighs a bloody ton I tell you.

Wait wait…you pay a fee for your OWN ATM?!

It’s just a little pink box, not large at all. 'Course, it’s also not a picture of a coin bag, as far as I can tell.

Copy the link location and paste it into your browser.

Speaking from experience, I can tell you that no Canadian bank would sniff at $420 in loonies or twonies so long as you’ve rolled them up. It’s still easier to deal with than $420 in wadded up sweaty dollar bills, after all.

But then again, the Brits are always a little backwards about these things… that’s what happens when you insist on driving on the wrong side of the road and all.

Ah, okay, that makes sense then. We roll our coins.

Actually we drive on the right side of the road, the left.

It makes it easier to withdraw your sword or pull out a cudgel to beat the peasants about the head.

Bloody plebs, cluttering up the place, should be deported to Canada

No. But the ATM is located AT the bank (it’s a credit union, really)-a distance away*. It’s $1.50 or $2 to get money from any other ATM. I refuse to drive all that way to get money if the bank isn’t open and I refuse to pay a fee to use some other bank’s ATM. (if I truly was in need of funds, I’d make the drive. I’d rather use the drive up or go in to conduct my business, though).
I’ve never heard of a bank refusing currency. That’s :eek: to me. I have had tellers get pissy when I take in a coin bank because they hate having to put it through the counter machine, but again, I’m not paying the grocery store machine to count it for me, either…

*I do most of my transactions via check. I can’t get used to debit cards–I’m old.

I thought you guys were in the habit of sending the undesirable masses to Australia, no? Not that we wouldn’t be happy to take a few colonists off your hands out of respect for that whole Commonwealth stuff, but we’d be most appreciative if you could make sure the soccer hooligans end up in Queensland or somesuch. kthx.

Incidentally, we’d also be quite happy to take the 420 quid off your hands too if it’s such an inconvenience for your bank (and by “we”, I mean “me”). Y’know, for old times’ sake. :slight_smile:

Coins are great if you actually use them. Dollar bills would be pointless, too, if you stored them up and then took them by the thousand to the bank.

Doesn’t that make it a lot harder to know when you have exactly the right number in each? When I roll coins I can scrunch up the ends real hard and then see if all the rolls for the same denomination are exactly the same height.

I’ve never had a problem with my bank (in Canada) accepting whatever rolls of coins I come up with (although I do admit I bring them in while they are still light enough to carry without breaking my wrist).