Hailey Johnson
Several UK banks offer coin counting machines, including Metro Bank, HSBC, Natwest, and Barclays. While some banks require users to be customers, others like Metro Bank allow non-customers to use their machines as well. However, it's worth noting that the availability of coin counting machines varies across different branches, and it's always a good idea to call ahead or check with your local bank to confirm if they have this service. Additionally, some supermarkets also provide coin counting machines, but they may charge a fee for their use.
| Characteristics | Values |
|---|---|
| Banks with coin counting machines | Metro Bank, HSBC, Natwest, Barclays |
| Machines designed for kids | Metro Bank's Money Magic Machines |
| Need to be a bank customer | Metro Bank, HSBC, Barclays |
| No charge for using the machine | Metro Bank, HSBC |
| Machines available in all branches | Metro Bank |
| Machines available in some branches | HSBC, Barclays |
| Pre-sorting of coins required | Natwest, Barclays |
| Free money bags for sorting coins | Most banks |
| Coin counting machines in supermarkets | Coinstar machines |
| Fee for using supermarket machines | 8-10% commission |
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What You'll Learn
- Banks with coin counting machines: Metro Bank, HSBC, Barclays, NatWest
- Banks with free coin counting machines: Metro Bank, Barclays
- Banks that require customers to use coin counting machines: Metro Bank, HSBC
- Supermarkets with coin counting machines: Tesco, Coinstar
- Alternatives to coin counting machines: money bags, home coin sorting
Banks with coin counting machines: Metro Bank, HSBC, Barclays, NatWest
Metro Bank is removing its coin-counting machines, which has been a significant inconvenience for customers with businesses that deal with a lot of coins. However, Metro Bank may still be able to accept coins in other ways.
HSBC and NatWest have coin-counting machines in some of their branches, although it is not every branch, so it is worth checking before visiting. NatWest also offers a courier service for business customers, allowing them to have coins, notes, and cheques collected and paid into their account.
Barclays does not appear to have coin-counting machines in its branches.
If you are unable to access a coin-counting machine at your local bank branch, there are alternative methods to count your coins. Some self-service checkouts at supermarkets allow you to pour coins into the machine, although these are becoming less common. You can also purchase coin sieves to separate coin denominations and then weigh them to calculate the total value.
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Banks with free coin counting machines: Metro Bank, Barclays
In the UK, some banks have coin-counting machines available for their customers. Metro Bank previously offered this service, but they have recently removed their coin-counting machines. This has been a source of disappointment for some customers, especially those with businesses that deal heavily in coins, such as buskers or shop owners. Metro Bank has not provided an alternative method for counting coins in-branch, but customers can still deposit coins by bagging and weighing them or using a coin sieve.
Barclays Bank, on the other hand, does offer a coin-counting service in a limited number of their branches. Their coin-counting machines are free to use and allow customers to deposit loose change directly into their accounts. Customers simply need to input their account number and sort code, and the machine will do the rest. This service is particularly popular with children who enjoy saving their pocket money and the element of surprise in not knowing the final amount.
While some Barclays customers have expressed their desire for more of these machines, others have shared their experiences of staff annoyance when dealing with large quantities of coins. The time-consuming nature of counting and weighing coins can be frustrating for both tellers and customers in a hurry. However, some banks provide coin bags and scales for customers to sort their coins before depositing them, reducing the time needed at the counter.
Overall, while Metro Bank is phasing out its coin-counting machines, Barclays continues to offer this service at a select number of branches, providing a convenient and fun way for customers to deposit their loose change.
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Banks that require customers to use coin counting machines: Metro Bank, HSBC
Metro Bank is removing its coin counting machines, which has been a significant inconvenience for customers who deal with a lot of coins. While Metro Bank no longer offers a Magic Money coin-counting service in its stores, customers can still pay in coins over the counter within the daily coin limits. There is a limit of 10 coin bags per customer per day.
HSBC, on the other hand, offers coin deposit machines at select branches. A list of HSBC branches with coin deposit machines was shared on Reddit in 2014, including locations such as Belgravia, Charing Cross, City of London, Clapham Junction, and Marble Arch. However, it is important to note that this information may be outdated, and customers are advised to contact HSBC directly or use their branch locator to find branches with coin deposit facilities.
In addition to in-branch services, HSBC offers Cash Access UK Deposit Services, allowing customers to pay in and withdraw cash. Customers can use the locator tool to find their nearest free-to-use Deposit Machine. Additionally, Multi-Bank Deposit ATMs are available, and deposits made through these machines count towards Post Office cash deposit limits.
While some banks are phasing out coin-counting machines, customers can still utilize alternative methods, such as coin sieves and weighing scales, to sort and value their coins before depositing them.
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Supermarkets with coin counting machines: Tesco, Coinstar
In the UK, some banks have coin-counting machines, including NatWest and HSBC, although it may vary by branch. However, Metro Bank is removing its coin-counting machines.
If you want to avoid the bank, some UK supermarkets have coin-counting machines, including Tesco, which has Coinstar machines. These machines allow you to convert your small change into cash or a voucher, although there is a transaction fee of 25p and an 11.5% processing fee on the total amount of coins. For charity donations, the processing fee is reduced to 8.9%.
You can use the Coinstar website to find your nearest machine by entering your postcode. While some sources suggest that certain supermarkets may allow you to avoid Coinstar fees if you spend your changed money in the store, it is unclear which supermarkets offer this.
Coin-counting machines at supermarket self-checkouts are becoming rare, and self-checkouts may start refusing coins after a certain point.
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Alternatives to coin counting machines: money bags, home coin sorting
While some banks in the UK, such as Metro Bank, are removing their coin-counting machines, there are still alternatives to counting your coins. Here are some options:
Money Bags
If you have a large quantity of coins, you can take them to your local bank and deposit them into your account. Most banks provide free coin wrappers or money bags, allowing you to roll the coins yourself before depositing them. This option is ideal if you want to avoid coin-counting machine fees or if your bank doesn't have a coin-counting machine available.
Home Coin Sorting
If you prefer to manage your coins at home, you can purchase a coin sorter. These machines sort your coins by denomination, saving you time and effort. Basic coin sorters can be affordable and get the job done, while more advanced machines can handle large volumes of coins and even help with coin wrapping. You can find coin sorters at various retailers, including Staples, Walmart, and online. Some machines also function as coin separators, making them versatile for home or office use.
Supermarket Self-Checkouts
Although they are becoming less common, some supermarket self-checkouts still allow you to pour coins into a hopper, making it convenient to use your loose change for purchases. However, keep in mind that these machines may have limits or restrictions on the number of coins they can accept.
Coin-Counting Kiosks
In addition to banks, you may find coin-counting kiosks at grocery stores or supermarkets. These kiosks, such as Coinstar, allow you to exchange coins for fee-free gift cards, donations, or cash vouchers (which may incur a fee). This option is worth considering if you want to avoid bank-related processes.
Personal Coin Counting Machines
If you frequently deal with large amounts of coins, investing in a personal coin-counting machine might be beneficial. These machines can range from basic models to advanced ones with high coin-counting speeds and printing capabilities. While they require an initial investment, they can save you time and provide convenience in the long run.
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Frequently asked questions
Yes, some banks in the UK have coin-counting machines. Banks with coin-counting machines include Metro Bank, HSBC, Barclays, and Natwest. However, not all banks offer this service, and some machines may only be available to customers.
It depends on the bank. Some banks, like Metro Bank, allow both customers and non-customers to use their coin-counting machines for free. Other banks may only offer this service to their customers.
Most bank cashiers require you to pre-sort your coins before using their coin-counting machines. However, some coin-counting machines, like Coinstar, do not require pre-sorting and will count a mix of coins.
Yes, if you prefer not to use a coin-counting machine, you can sort your coins at home using money bags available for free from most banks. You can then take the bags to your local bank branch to deposit your coins.
Yes, most coin-counting machines will give you the equivalent cash or a receipt that you can exchange for cash at the counter. Some machines may also allow you to transfer the amount directly into your bank account.
