How much coinage will banks accept?

The_Minister

For reasons that I won't go into, I have close to €2000 in coins, counted into bags.
Will the bank accept all this at once, or will I have to make to trips?

Joeface

I believe they have too as it is legal tender

prendy

thats some haul of coins!!!
why wouldnt they....if your a customes of theirs there should be no problem.

humbert

Robbing telephone boxes in the cold weather are we?

Pighead

Pighead knows the answer the answer to this question but refuses to tell you until you go into the reasons why you have 2 grand worth of coins. You scratch Pigheads back he'll scratch yours. Are you a roadside tramp perchance?

robinph

They might appreciate you letting them know in advance of when you are turning up with that much coinage though.

Maple

they'll accept it.

how on earth do you have that much in coins tho? robbing Trocaire boxes?

I read this as 'How much cabbage will banks accept?'

*shakes head*

biko

The_Minister wrote: »

I have close to €2000 in coins, counted into bags.

Unfortunately they'll only accept about 20 Euro in coins. The rest I suggest you just give away.

gogo

I work in the bank and they will take all the coin in one go provided its full bags, with no mixed coins in any bag, and the right amount in each bag. If your in a large town, no need to ring as they will be well used to this amount of coin, if a smaller branch, give them a buzz and let them know your on your way.

Are you an arcade game vending machine collector, if so half that money is mine!

ejmaztec

The_Minister wrote: »

For reasons that I won't go into, I have close to €2000 in coins, counted into bags.
Will the bank accept all this at once, or will I have to make to trips?

Would you be a church "minister", by any chance, hoping to have some money "resting" in your account, courtesy of some generous parishioners?

The_Minister

Brilliant, thank you gogo.

Biko, go to the Dublin forum

gogo

biko wrote: »

Unfortunately they'll only accept about 20 Euro in coins. The rest I suggest you just give away.

provided you have an account, they have to accept any amount you have, its a pain in the ass when someone comes in with coin - has to be weighed and counted etc, but it has to be accepted.

Wossack

surely central bank would have to take it?

what the heck does that weigh btw?

Einstein

not that surprising really!

mate of mine has one of those giant sized heineken bottles that him and his buuuurd throw all their change into...

counted out €1500 with him one night...that was only half the bottle!

The_Minister

Wossack wrote: »

what the heck does that weigh btw?

Lots:( It's a pain to lift.

AlmightyCushion

biko wrote: »

Unfortunately they'll only accept about 20 Euro in coins. The rest I suggest you just give away.

I gave over €100 in coins to the bank a few years ago and they didn't refuse it.

Lola123

where does one get those lil money bags? Me thinks I'll deposit the contents of my piggybank into the bank!

AlmightyCushion

Lola123 wrote: »

where does one get those lil money bags? Me thinks I'll deposit the contents of my piggybank into the bank!

You should be able to get them in the bank.

unclebill98

gogo wrote: »

I work in the bank and they will take all the coin in one go provided its full bags, with no mixed coins in any bag, and the right amount in each bag. If your in a large town, no need to ring as they will be well used to this amount of coin, if a smaller branch, give them a buzz and let them know your on your way.

Are you an arcade game vending machine collector, if so half that money is mine!

Yep, this is the way to do it...

Also, don't go in 5 mins before the close or on a friday...that will be plain mean and you get a frosty reception from the cashier. Best to go in the morning time...

gogo

unclebill98 wrote: »

Yep, this is the way to do it...

Also, don't go in 5 mins before the close or on a friday...that will be plain mean and you get a frosty reception from the cashier. Best to go in the morning time...

Frosty...i have perfected the icy maiden stare, so cool you'd swear you asked me to trasfer a kilo of cocaine out of the country for you not 20 euros to another account.

there is a severe problem of people coming into banks at five to four with hugh lodgements. Really lously on cashiers

Degsy

2 grand eh?I never knew we had a roma begger as a boards moderator..equal oppurtunities for all!

colm_c

Banks don't have a problem accepting the coins however if you don't have an account they might charge you for the privilege of changing it into notes. They tend to waive the charge if you lodge it to your bank account.

phasers

arer you that guy who goes into leisureplex with a big sack with a dollar sign on it and a baseball bat?

biko

AlmightyCushion wrote: »

I gave over €100 in coins to the bank a few years ago and they didn't refuse it.

I know mate, just stirring the pot

The_Minister

unclebill98 wrote: »

Also, don't go in 5 mins before the close or on a friday...that will be plain mean and you get a frosty reception from the cashier. Best to go in the morning time...

I purposely held off from going today because of that.

Tell me, what is the least busy time of the day in banks? I donb't want to have to wait in line with a big sack on my back.

AlmightyCushion

biko wrote: »

I know mate, just stirring the pot

What pot? What are you on about? What's going on? Are those my feet? Or is it a tracker mortgage??????

Creamy Goodness

totally depends on the bank, but middle hours would be good so like 11am would beat the morning rush and the lunch rush and 3pm would beat the closing and lunch rush.

CantGetNoSleep

Degsy wrote: »

2 grand eh?I never knew we had a roma begger as a boards moderator..equal oppurtunities for all!

I was getting worried that no one had copped on to that after reading page one, looked like they were even after fooling the ah crew

Capt'n Midnight

I'm fairly sure the if you go into the central bank they will change it for you.

they will change old pre-euro money though
The limits seem to be €635 per transaction

http://www.centralbank.ie
http://www.centralbank.ie/frame_main.asp?pg=ncn_comm.asp&nv=ncn_nav.asp

EdgarAllenPoo

The most amount of coins I've ever handed in was €910. That was lodged to an account though, not sure if they'll give you back notes for that amount.

-annex-

I doubt they'll cash it for you. Most likely your only option will be to lodge it all into your account. Money laundering regulations and the like...

EdgarAllenPoo

I think the money laundering limit is either €2600 or €3000.

RandolphEsq

Would it be possible to see a picture of all this money?

gogo

GDM wrote: »

I think the money laundering limit is either €2600 or €3000.

Have been working in a bank for years and have never heard of a money laundering limit.

coin limit - yes
money laundering - yes

money laundering limit - no

Wouldn't really blink a eye of someone with two grand in coin - its a regular occurance, also only business customers are charged for the privilage of changing coin.

The minster - most banks have a secure cash area for business customers-the ordinary customers with lodgements.withdrawals over 2.5K or coin over 300euros can use them - you may be able to use these instead of standing in the q with your bags. largers branches all have them.

Agent Smith

Bagpacking?

Toots

gogo wrote: »

Frosty...i have perfected the icy maiden stare, so cool you'd swear you asked me to trasfer a kilo of cocaine out of the country for you not 20 euros to another account.

there is a severe problem of people coming into banks at five to four with hugh lodgements. Really lously on cashiers

Lol, I had one of those today - 500 cheques at 3:57. I sh!t you not!:(:eek: I think my heart nearly stopped when he handed me in the bag, I thought it was a bag of money and when I saw the cheques I just thought - u fecker!! And the worst part was when all the cheques were in the lodgement didn't balance!!!:mad::mad::mad::mad::mad::mad::mad:

gogo

Standard bank practice there would have been to look at your watch a few time and sigh heavily. make them feel bad without getting them angry, as for non-balancing lodgements...there should be an instruction manual for calculators for some people.

Toots

Yeah, and don't look at him for the whole transaction, and sigh in an exasperated manner at intervals throughout. The worst thing of all was that he blagged his way in just as we were closing the door, I wouldn't have minded if he'd been there since half 3 and the queue was really long, but no.....:mad:

ixoy

I had to deposit a number of coins a while back in BOI in College Green and I had to be buzzed through into the safe area to have them handled. No problem with it otherwise - just make sure you have them sorted correctly.

Lazare

Bit OT, but why are people too lazy to do a quick visual spell check before posting a thread, it's happened a few times here. Really bugs me.

Banks don't accept coinabge iirc.

L1011

gogo wrote: »

Have been working in a bank for years and have never heard of a money laundering limit.

There's a limit at which Revenue have to be notified of a transaction happening, but its done automatically by your computer systems. And its more than 3 grand, more like 50 I think!

JIZZLORD

jaysus, i should hold on to my hoarded money. i usually lodge it when i have enough for the bags. but i spend it then.

gogo

MYOB wrote: »

There's a limit at which Revenue have to be notified of a transaction happening, but its done automatically by your computer systems. And its more than 3 grand, more like 50 I think!

Honestly that's not how it works, there is procedures, which for obvious reasons i'm not going to go into it. Has nothing got to do with the revenue, and the computer systems are far far from that special.


Cashiers know there customers and what to expect from them.

Trine

Lazare wrote: »

Bit OT, but why are people too lazy to do a quick visual spell check before posting a thread, it's happened a few times here. Really bugs me.

Banks don't accept coinabge iirc.

:rolleyes:

nlgbbbblth

MYOB wrote: »

There's a limit at which Revenue have to be notified of a transaction happening, but its done automatically by your computer systems. And its more than 3 grand, more like 50 I think!

No there isn't.

If that were the case, then any bank with second hand car dealers on their books would be reporting them to the Revenue Commissioners a few times a week in respect of the amount of their lodgments.

Regarding the original post.
Full bags, no mixed coin.
Avoid lunchtime [12 - 2pm].
Quietest time is usually 10.30am - 11.30am.

On one occasion a guy who had been collecting for a charity outside the local supermarket called into the branch where I was working. He was carrying two large plastic buckets and said 'I'd like to exchange some coin'. We were separated by a glass panel that went up to the ceiling with a sunken drop in the counter for placing lodgments into.

He then proceeded to empty the entire contents of one of the buckets into the drop. All loose coin, none bagged. I said 'hold on, what do you think you're doing?'

He said 'I thought you have machines that can weigh it'.

When I told him that it all had to be bagged, he became aggressive. He claimed that he had 'never heard of or seen' plastic coin bags.

Mint Sauce

often go into my branch once or twice a year, after chucking small change in to jar throughout the year, to pay in coins, have never had a problem with not having the exact amount in each bag, ie, might of had 90c worth in a e1 in 1c coins bag, etc, but would have a record of what was in each bag, and as long as it was the correct or same denomination of coin in each bag, they always took it, and yes i to get buzzed into the safe area as well

L1011

nlgbbbblth wrote: »

No there isn't.

If that were the case, then any bank with second hand car dealers on their books would be reporting them to the Revenue Commissioners a few times a week in respect of the amount of their lodgments.

Yes, there is. Its a "suspicious transaction report", has existed since 2003, and covers banks and other practitioners such as auctioneers and "dealers in high value goods" - Des Cullen Autos and serious level jewellers presumably... Cash transactions over a certain value, which I cannot remember, have to be notified - in the case of banks its done automatically, as is opening and closing of accounts.

nlgbbbblth

MYOB wrote: »

Yes, there is. Its a "suspicious transaction report", has existed since 2003, and covers banks and other practitioners such as auctioneers and "dealers in high value goods" - Des Cullen Autos and serious level jewellers presumably... Cash transactions over a certain value, which I cannot remember, have to be notified - in the case of banks its done automatically, as is opening and closing of accounts.

all banks have their own internal money laundering procedures

Mr X, working as supermarket cashier, lodging €2,500 cash a week into his account = suspicious

XYZ Limited, holding company for a busy pub and restaurant, lodging €25,000 cash a week into their account = normal transaction

a system that would automatically notify the Revenue Commissioners of amounts above a certain level would be disastrous and a serious breach of confidentiality.

L1011

nlgbbbblth wrote: »

all banks have their own internal money laundering procedures

Mr X, working as supermarket cashier, lodging €2,500 cash a week into his account = suspicious

XYZ Limited, holding company for a busy pub and restaurant, lodging €25,000 cash a week into their account = normal transaction

a system that would automatically notify the Revenue Commissioners of amounts above a certain level would be disastrous and a serious breach of confidentiality.

...except for the fact that it exists. How much more of a breach of confidentiality is it than automatically notifying them of an account being opened or closed, as has been required for decades at this stage?

ScouseMouse

Did you consider chatting to your local shop/supermarket manager? Most businesses are charged for getting coin from the bank. Your local shop may be quite happy to take it in lumps! I am a new business so dont pay bank charges but if I did, I would take it.