How much can you legally pay in coins UK?

Amazingly the British Coinage Act (1971) states that 1p and 2p coins are only legal tender up to the value of 20 pence. However, you can use more coins if the person you’re paying is willing to accept them.

Where can I change my coins for cash for free UK?

Metro Bank has free coin deposit machines that anyone can use, even if you’re not with Metro Bank. There is a ‘Money Magic Machine’ in every branch that will count your coins.

How much can you legally pay in coins?

The article cites Title 31 of the U.S. Code, which states that minor coins (pennies and nickels) are legal tender at their nominal value for any amount not to exceed 25 cents in any one payment.

Can I pay someone in coins?

As long as both parties agree to accept the payment, everything is fine. But if you want to buy something in a shop, or pay a bill, you have to agree to pay legal tender. Coins are legal tender throughout the UK for the following amount: 1p – for any amount up to 20p.

Can you deposit coins at the bank UK?

Take it to your bank Some banks now have coin machines that let you pay in your spare change without needing to sort it first. Not all banks offer these machines, and even those that do might not have one in your local branch. However, they should be able to take your coins if you sort them yourself.

How much does Tesco coin machine charge?

Just pour your coins into a machine and let us do the work. Choose one of our two convenient options: get cash, which has a 10.9% processing fee or charity which has an 8.9% fee. All fees may vary by location.

Do banks take coins UK?

How do I cash in coins?

Start With Your Bank or Credit Union Many banks and most credit unions offer a free conversion of coins to cash for account holders. They’ll simply dump your change into a sorting machine and give you cash after the change has run through it. Some banks offer this service with a small fee.

Can I pay coins in at the post office?

You can pay in both notes and coins at a Post Office® counter. Cash deposit limits vary.

Can a shop refuse coins?

Contrary to popular belief, shops or individuals do have the right to refuse payment in coins or notes, even legal tender ones, before a transaction has taken place, and to demand payment in whatever form they choose.