Appropriate places to convert lots of coins into notes?

AlienC on 20/12/2017 - 00:25

Thinking about converting a few old piggy banks into usable notes or just depositing into my account for proper easier usage.

Where are some good places to do this or really any place with a cash register should do?

I have a Westpac bank account can I deposit money into my account from say a commonwealth bank..I know it is probably better to do it at the st George bank but asking just in case in future I can't find either.

What fees are usually involved to anyone that knows their way around bank account fees and etc.

TL;DR have lots of coins where can I convert them

TL;DR 2 can I deposit money into my Westpac choice concession bank account from another bank and what fees are involved

Thank you

Financial

Comments

  • [Deactivated] on 20/12/2017 - 00:28
    +10

    some banks have coin deposit machines at their branches.

    • EightImmortals on 20/12/2017 - 08:09

      Yeah one of the local NAB's has a counting machine that I just dump the coins into, they do however charge you a 'conversion fee' if you are depositing the money into an NAB account. I suspect the other banksters would have similar counting machines for their customers?

      • JimmyF on 20/12/2017 - 09:42

        I've never been charged this fee you talk about.

        • EightImmortals on 20/12/2017 - 11:18

          sorry, typo. It should have read if you are 'NOT' depositing the money into an NAB account.

        • JimmyF on 20/12/2017 - 13:04
          +1

          @EightImmortals: ahhh ok, yes that sounds better! Its free for NAB customers.

      • jellykingdom on 20/12/2017 - 10:12

        You only get charged if you're with a different bank! NAB doesn't charge NAB customers, and CBA doesn't charge CBA customers etc

      • AlienC on 20/12/2017 - 17:53

        Do you know what the fee is by any chance?

    • battler on 20/12/2017 - 10:24

      ^ this. done it many times.

    • AlienC on 20/12/2017 - 17:56

      Damn I'm in Katoomba.. Penrith is the closest about an hour away and $2.50 opal fee.

  • jjjaar on 20/12/2017 - 08:29

    If you have a cba account you can use the exchange ATM which is available at some locations. Just insert all your money then ask for what you want back and pick the denominations.

    • ascorbic on 20/12/2017 - 12:14

      CEMs can dispense notes and rolled coin but only accept notes.

  • pantsparty on 20/12/2017 - 10:00

    I use the coin deposit machine at Comm Bank. Suspect they will charge you a fee if you do not bank with them.

    • jellykingdom on 20/12/2017 - 10:13

      Gotta watch out with CBA's coin machines. Some have a $50 limit on them, i.e you need to do it multiple times. I had to get help from a teller to bail all the leftover coins out of the machine when it shutdown at $50 haha

      • pantsparty on 20/12/2017 - 10:15
        +1

        Yeah I have used them probably 10 times and never encountered a $50 limit, must be the smaller branches

      • coco1458 on 20/12/2017 - 16:05

        The cash and coin deposits have a 2kg limit whereas the coin only ones you can constantly feed it in.
        Never had a $50 limit imposed before

        • jellykingdom on 20/12/2017 - 16:13

          This one definitely did. To be fair, it was written on the machine and i just kinda didn't notice it

  • [Deactivated] on 20/12/2017 - 10:38
    +7

    Whatever you do, don't use the coin deposit machines at the local RSL, pub or surf club. They might look really attractive with all the flashing lights and noises and everything, but the charges for converting your coins are excessive and the instructions are very confusing.

    • AlienC on 20/12/2017 - 17:57
      +1

      How much it might actually work out to be cheaper and much more convenient as the nearest coin deposit machine is one hour train for me.

      • [Deactivated] on 20/12/2017 - 18:40
        +6

        How much? Honestly, it seemed to vary. Didn't make much sense at all to me. The first time around, I put about $10 worth of loose change in and didn't get anything out. I assume there's probably a minimum amount that you have to feed it before it'll dispense notes. So, I went to the bar, ordered ordered another beer and put the change from that into it (about $4 or so), and I got $2 out. Not much of a rate of exchange, and I still couldn't work out the instructions.

        There were pictures of piles of coins on the screen, and lots of playing cards and things, I guess you have to press the right buttons to pay out in coins. Who knows what the playing cards were all about, maybe it would load it onto your debit card or something. It would have been nice to have one with English instructions, rather than just a load of confusing pictures and icons, but this seems to be the way things are now.

        Anyway, I then spotted a slot to feed notes into it and figuring I was on the right track and if I gave it enough money I'd hit the minimum dispense amount. But even though I fed in nearly a hundred dollars, all I got was small amounts out and all in change. And way less than I'd started out with. Ridiculous. Not even enough to buy another beer with.

        I went to the bar and complained but the staff there were very unhelpful about my problem with the broken machine. They told me that it was working perfectly and rolled their eyes at me. So I asked to speak to the manager, demanding to know why they have broken deposit machines and what they were going to do about the money I had fed into it. I feel my confused annoyance was justified and wasn't expecting to be told "Well, that's just how they work.".

        That's the last time I ever deal with the JQKA bank. I tried calling the number listed on the machine (it had a lot of 7s in it) but either I mis-remembered it or the helpline wasn't working. Honestly, now I think about it, the pictures of jokers on the machine should have been a clue as to their customer service. I cant even go back to check the number, as the RSL won't let me in anymore.

        My advice is, unless you get one that actually has clear and simple instructions in plain English, it's simply not worth the cost.

        • Fexofenadine on 20/12/2017 - 19:54
          +1

          Congratulations on winning the internet.

  • Love a bargain on 20/12/2017 - 13:15

    Why don't you just use them to pay for your shopping at a self-checkout machine?

    • AlienC on 20/12/2017 - 18:00

      This might be my best option was just hoping to convert them into notes maybe for delivery drivers and cashiers if I don't go to coles or woolies.

      Any idea if there is a weight maximum or amount maximum for coles or Woolworths self check out machines I also have an aldi but that is human register cashier no self checkouts.

      • Baysew on 20/12/2017 - 18:04

        You have probably hoarded them over a period of time, so there is no reason to try and get rid of them all at once.

        • AlienC on 20/12/2017 - 18:05

          I know but they are becoming annoying. Especially nights when I want to eat lol

      • Love a bargain on 20/12/2017 - 18:15

        Haven't tested the machines' limit

  • ilove on 21/06/2020 - 07:45

    where to change coins to notes at a bank which you not a member of? for no fees?

  • eek on 03/07/2020 - 00:42

    I've always used Commonwealth bank coin counters. Never been charged a fee (being CBA member). I'm sure the conversion fee is worth it, depending on how much you convert. The most coins I've managed to deposit has been over $1700. It was quite heavy to bring in and the coin counter machine had to be emptied numerous times. CBA staff were impressed.

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