Felix.

A long story, but basically I have an account for a sports club which is set up for charity. We make money by selling tea/coffee/raffles etc on various occasions. Most of the money collected is therefore in loose change.

Every now and then I go to the bank with about £30 in change to put in the account. All the money is separated (i.e. a bag of 1's, bag of 2's bag of 5's etc). There has never been a problem up until recently when the bank are now insisting on the bags being complete - e.g. £5 of 5p's.

My argument is - why should I have to do that? They have a couple of machines by the cashier which the bags are emptied into and it gives the value of cash; even if I had a complete bag it surely will be checked anyway. They suggested that I go to ASDA and use there counting machine - but I pointed that ASDA will take their cut and it’s for a charity account.

Any thoughts...?

davegtt

They do it cause they wont want to put a half empty/full bag into the safe... they'll want to keep them all full....

Ive found alot of banks now are only taking 3 or 4 bags of change at any one time now... thats wrong

suprabeast

my opinion is that money is money whatever denomination it is... i think banks should accept it but they probably dont !

Imagine walking in with 1 million one pound coins, would they let you open an account?? or tell ya to **** off cos its small change !

Felix.

Cheers for the replies. I'll get a copy of the terms and conditions.

I have the same opinion. If i find and 1p piece on the floor i should be able to put it into the account