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Thread: Do banks charge for withdrawing large amounts of change?

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    Do banks charge for withdrawing large amounts of change?

    I need £20/30 in coins, can I just go into a bank and ask to swap it for notes (or more likely a withdrawl from my account)? And do they charge you for doing so?

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    Re: Do banks charge for withdrawing large amounts of change?

    Absolutely, pop in to any branch and they will sort you out. No charge.

    If you, however, want to do more regular change or larger amounts you'd need to prove you bank with them.

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    Re: Do banks charge for withdrawing large amounts of change?

    I think it's fine if you bank with them, but last time I tried a direct swap at a random bank (note to coins, and nothing outrageous, probably for a fiver or tenner), I wasn't allowed because I wasn't a customer.

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    Re: Do banks charge for withdrawing large amounts of change?

    I think the need to prove you are with that bank depends entirely on which bank you try, which branch you are in and perhaps even which teller you get on the day.

    £20-30? You don't know anyone with a change jar then? Or is is all in coppers?

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    Re: Do banks charge for withdrawing large amounts of change?

    Usually have to prove that you bank with said bank in order to change coins. Well this is with HSBC anyway.

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    Re: Do banks charge for withdrawing large amounts of change?

    Quote Originally Posted by Funkstar View Post
    I think the need to prove you are with that bank depends entirely on which bank you try, which branch you are in and perhaps even which teller you get on the day.

    £20-30? You don't know anyone with a change jar then? Or is is all in coppers?
    I need a single denomination

    Worked fine, just asked and got a bit of a laugh from the cashier (university branch, so probably a bit unusual). I bank with them so presumably it was a pre-requisite.

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    Re: Do banks charge for withdrawing large amounts of change?

    Out of interest (and maybe slightly OT

    Quote Originally Posted by wikipedia
    Coins

    In the United Kingdom, only coins valued 1 pound Sterling, 2 pounds, and 5 pounds Sterling are legal tender in unlimited amounts throughout the territory of the United Kingdom. In accordance with the Coinage Act 1971,[16] gold sovereigns are also legal tender for any amount. Although not specifically mentioned on them, the face values of gold coins are 50p, £1, £2 and £5, a mere fraction of their worth as bullion. The United Kingdom legislation that introduced the 1 pound coin left no United Kingdom-wide legal tender banknote.

    Currently, 20 pence pieces and 50-pence pieces are legal tender in amounts up to 10 pounds; 5-pence pieces and 10-pence pieces are legal tender in amounts up to 5 pounds; and 1-penny pieces and 2-pence pieces are legal tender in amounts up to 20 pence.
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    Re: Do banks charge for withdrawing large amounts of change?

    Interesting Peter.

    I thought for 1p and 2p, the maximum was £1, just like the bags banks hand out for depositing money.

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