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DanielL 12.05.2007 16:15

Depositing piles of coins at the bank and coin counters
 
Does anybody know if there are any issues with taking a massive pile of coins into the bank to deposit? After two years of throwing down all my loose change when getting home, I've got a mountain of the stuff.

Uncle Max 12.05.2007 16:22

Re: Depositing piles of coins at the bank
 
Big issues: they'll probably refuse, unless you've used the specific papers available to roll them up in, written your name and address on each roll, and made sure there are the correct number of coins per roll as indicated.

There must be millions of CHF sloshing around the nations drawers, as who - but the bored / skint - can be bothered to do this?

On that note, if you'd like to offer a bored / skint person a bag of coins, for a 50% commission I know someone who'll do it for you :)

DHP 12.05.2007 18:11

Re: Depositing piles of coins at the bank
 
Quote:

Originally Posted by DanielL (Post 60456)
Does anybody know if there are any issues with taking a massive pile of coins into the bank to deposit? After two years of throwing down all my loose change when getting home, I've got a mountain of the stuff.

There shouldn't be any issues.... they have a machine and they throw in the coins and no one is counting coins but the machine.... my daughter used to save coins and before she moved out took a few kilos to the bank - there was no problem... I mean, she took the coins to her bank where she has an account.

Uncle Max 12.05.2007 19:17

Re: Depositing piles of coins at the bank
 
Oh good to know: serves me right going to the Post Office :rolleyes: There they make you roll the coins up. Go to the bank if that's the case :)

25%???

LoyalRoyal 12.05.2007 19:51

Re: Depositing piles of coins at the bank
 
I've taken coins to UBS before, used the machine there no problems. I think they have some sort of limit where if you go above they charge you an admin fee....sorry...can't remember what that was, t'was a while back.

Good luck

Flashman4 12.05.2007 20:37

Re: Depositing piles of coins at the bank
 
The Raiffeisen bank in my little village has a coin machine. You just have a word with the cashier, chuck the money in and it is credited to your account. I think that you have to have an account but am not sure. All my change goes on Automat machines and parking charges. :(

Fraser 12.05.2007 22:00

Re: Depositing piles of coins at the bank
 
Go to the migros bank at limmatplatz, they've got a machine there right insisde the door and it couldnt be easier. As I recall its also open on saturday mornings, although I appreciated I'm 10 hours late telling you this. You dont even have to sort the coins out into different types, you just pour them in the top and then, if you're like me, wait an embarassingly long amount of time as it counts them all out.

440.- to beat!

BeastOfBodmin 12.05.2007 22:50

Re: Depositing piles of coins at the bank
 
Quote:

Originally Posted by DanielL (Post 60456)
Does anybody know if there are any issues with taking a massive pile of coins into the bank to deposit? After two years of throwing down all my loose change when getting home, I've got a mountain of the stuff.

If they're gold, your bank of choice would probably offer to come and collect them for you.

amba 17.05.2007 17:25

Re: Depositing piles of coins at the bank
 
I kept building the 1,2,5chf coins so one day put them in a box and went to pay a large-ish bill at La Poste, Neuchatel. No problem for them and they rolled them in their papers. Customers in the queue weren't so happy:)

DanielL 30.05.2007 16:35

Re: Depositing piles of coins at the bank
 
Quote:

Originally Posted by Fraser (Post 60514)
Go to the migros bank at limmatplatz, they've got a machine there right insisde the door and it couldnt be easier. As I recall its also open on saturday mornings, although I appreciated I'm 10 hours late telling you this. You dont even have to sort the coins out into different types, you just pour them in the top and then, if you're like me, wait an embarassingly long amount of time as it counts them all out.

440.- to beat!

I'll try and get over there. Do they charge a commission if your account isn't with them? I just tried my UBS bank on Parade Platz and they had no machine. Instead they charge 1.5% with a min of 50chfs!

Uncle Max 30.05.2007 16:51

Re: Depositing piles of coins at the bank
 
The machine at Limmatplatz charges 2.5% if you're a customer and 5% if not.

UBS took my coins last week in a plastic bag to be sent to some central sorting office. They take their slice of the pie and put it directly into your account a few days later, which saves hangin' around. But then, you've got to trust they'll be fair and not just give you CHF 3... :rolleyes:

DanielL 30.05.2007 17:46

Re: Depositing piles of coins at the bank
 
Quote:

Originally Posted by Uncle Max (Post 66908)
The machine at Limmatplatz charges 2.5% if you're a customer and 5% if not.

I don't mind paying 5%, but can I still deposit it if i'm not a Migros customer? ie, either send it to my UBS account or get paper money for it.

Quote:

Originally Posted by Uncle Max (Post 66908)
UBS took my coins last week in a plastic bag to be sent to some central sorting office. They take their slice of the pie and put it directly into your account a few days later, which saves hangin' around. But then, you've got to trust they'll be fair and not just give you CHF 3... :rolleyes:

Didn't they impose a min 50chfs?

Mark75 30.05.2007 18:10

Re: Depositing piles of coins at the bank
 
Quote:

Originally Posted by DanielL (Post 66894)
I just tried my UBS bank on Parade Platz and they had no machine. Instead they charge 1.5% with a min of 50chfs!

I guess it depends on the branch then. Last winter I brought a bag of coins to the St. Moritz branch where they have a self service machine. There was no charge at all for UBS account holders. (And it's fun watching the machine with the counter going up... feels almost as good as if you win at the slot machine. :D)

Uncle Max 31.05.2007 11:52

Re: Depositing piles of coins at the bank
 
Quote:

Originally Posted by DanielL (Post 66940)
I don't mind paying 5%, but can I still deposit it if i'm not a Migros customer? ie, either send it to my UBS account or get paper money for it.



Didn't they impose a min 50chfs?

Well, I didn't use the machine, but seeing as there're different tariffs I presume anyone can use it and the coins are converted to notes there and then, rather than tranfering it to another account.

No notice on minimum amounts, guess you just stand there and hope you win :)

BruceFan 12.01.2008 14:04

what to do with all these coins??
 
Hi,

We seem to be collecting pots and pots and jars and bags of coins mixed up together as we were not too wise to keep them separated in the first place: Swiss, UK, US, Euro mostly.

Does anyone know of a cheap way to get them all sorted back and into useful money (i.e. bills into my bank account preferrably) ? Will the UBS counter lady take them or just stare at me in horror?? Want to also save my self the lugging around and frustration... any ideas?

cheers, BruceFan

Spanky 12.01.2008 14:15

Re: what to do with all these coins??
 
Sort your Swiss coins out from the rest and take them to the bank where you have your account. They will chuck them into a sorting machine and only ask 2% (UBS) for their efforts. Used to be free, but lamentably no longer.

Spanky 12.01.2008 14:18

Re: what to do with all these coins??
 
Or ask your bank for the paper rolls and spend a rainy Saturday laboriously sorting and counting them and you can then bring them to the bank and pay it into your account and avoid the 2%

gregv 12.01.2008 14:21

Re: what to do with all these coins??
 
Use all of these coins to buy train/bus/tram tickets or to pay for parking. I get rid of most of my coins this way.

Crumbs 12.01.2008 14:24

Re: what to do with all these coins??
 
You can get the paper rolls from the post office too.

12.01.2008 14:31

Re: what to do with all these coins??
 
A local bank here has a machine in the foyer which customers with large amounts of coins to deposit can use. For all I know it might only be available to businesses, but the technology exists.

meloncollie 12.01.2008 14:49

Re: what to do with all these coins??
 
You can always donate your extra coins to charities... If you are at the airport, there are several big containers in the terminal for that, all currencies welcome.

Often stores have a collection jar at the check out, supporting various charities - a good place for that pesky change to end up, and do a little good in the process. ;)

Xenon 12.01.2008 18:03

Re: what to do with all these coins??
 
Don't forget to check the jar for old coins. Since the Swiss haven't changed their coinage for over a century you can find coins older than any other in circulation (in the world??).

Some are even made of silver.

kemosabe 12.01.2008 18:11

Re: what to do with all these coins??
 
All my shrapnel gets used as tip money. Works well that way.

chrisch 12.01.2008 18:38

Re: what to do with all these coins??
 
Quote:

Originally Posted by Spanky (Post 154987)
Sort your Swiss coins out from the rest and take them to the bank where you have your account. They will chuck them into a sorting machine and only ask 2% (UBS) for their efforts. Used to be free, but lamentably no longer.

UBS stinks in this regard. Raiffeisen Bank charges 1% (min CHF 10.-), or free if you have an account with them. I usually get a friend who has an account there to do it for me.

Uncle Max 13.01.2008 13:11

Re: Depositing piles of coins at the bank
 
The coin machine at the Migros Limmatplatz has gone to machine heaven; they no longer offer the service there... :(

13.01.2008 14:45

Re: what to do with all these coins??
 
Quote:

Originally Posted by kemosabe (Post 155069)
All my shrapnel gets used as tip money. Works well that way.

That's certainly a way to avoid a build up in the first place. But you can also do what I did this morning at my local Migros. The bill was CHF 10.20, and I had a CHF 20 note. I fished in my pocket for a 20 Rappen coin, and got a CHF 10 note change. Simple if you can spare a moment to look.

But if you have accumulated a lot of change, try approaching your local friendly cafe, and asking them to take it off your hands. I see this happening quite regularly at a couple of family run cafes here. Remember that they probably have to pay the bank to get hold of the stuff, so both of you are saving money doing this.

TheSpouse 09.06.2009 15:18

Rolling up coins--is it done in CH?
 
This question might not go in the "banking" section, so if it's wrong, please move it. Is it possible to get empty paper coin rollers at a bank in Switzerland in order to roll up your coins and turn them in for cash? If it is possible, what is the french word for the paper cylinders?

My husband and I both abhor toting change around in our pockets/purses etc. and we normally just throw it in a jar until the jar gets full. Then, the next time our kids are around, we make them roll the coins up and redeem the coins for cash at the bank, (in exchange for a cut of the profits, of course, because they sure wouldn't do it simply out of the kindness of their mercenary, capitalistic little hearts!):D

We thought change was abundant in the US but here it is truly astounding how much change you can accumulate on a daily basis. Plus the money quickly adds up here, thanks to those 1,2 and 5 franc coins. So, what do all of you do with your piles of change?

CH_Me 09.06.2009 15:21

Re: Rolling up coins--is it done in CH?
 
Quote:

Originally Posted by TheSpouse (Post 472215)
Plus the money quickly adds up here, thanks to those 1,2 and 5 franc coins. So, what do all of you do with your piles of change?

I find I am always collecting coins to pay for parking :)

In our area, Kantonal banks have machines where you can change your coins for notes.

Guest 09.06.2009 15:22

Re: Rolling up coins--is it done in CH?
 
We tend not to accumulate so much change as I have become quite disciplined in paying for things with my change and not constantly breaking in to a note (which I used to do in the early days).

Having said that, I am sure a bank would take your change but I would advise going mid morning or mid afternoon if you can, otherwise you will encounter a huge lunchtime or after-work queue and the staff might not be so helpful.

Nickers 09.06.2009 15:24

Re: Rolling up coins--is it done in CH?
 
I got the paper thingies from the post office and i take them back to the post office to exchange for notes after i have rolled them up - be warned it's a right fiddle - wish they would use the simple bags like in the UK

simon_ch 09.06.2009 15:26

Re: Rolling up coins--is it done in CH?
 
Way too much work, there are many banks where you can just throw in all your coins and you get notes in return! Takes but a few seconds for it to count, I found it fascinating how a machine can think so quickly as a kid!

Blonaybear 09.06.2009 15:27

Re: Rolling up coins--is it done in CH?
 
You can get them at a Post Office. Papier pour rouleaux de monnaie.

TheSpouse 09.06.2009 15:29

Re: Rolling up coins--is it done in CH?
 
OK, now I need Sada with her wonderful, native French. What's the word for the little paper "thingies"? I know for a fact that the lady down at the Ouchy post office does not speak English and I don't think my sign language is capable of distinguishing between a paper roller and a pe*is.:eek:

TheSpouse 09.06.2009 15:30

Re: Rolling up coins--is it done in CH?
 
Quote:

Originally Posted by Blonaybear (Post 472233)
You can get them at a Post Office. Papier pour rouleaux de monnaie.

We were typing at the same time. Thank you Bloneybear. You've saved me from (yet another) embarrassing situation:)

Guest 09.06.2009 15:41

Re: Rolling up coins--is it done in CH?
 
Quote:

Originally Posted by TheSpouse (Post 472237)
OK, now I need Sada with her wonderful, native French. What's the word for the little paper "thingies"? I know for a fact that the lady down at the Ouchy post office does not speak English and I don't think my sign language is capable of distinguishing between a paper roller and a pe*is.:eek:

Please tell us when you are going to do this so we can come and watch - I have just laughed my head off at the vision in my head... :D

TheSpouse 09.06.2009 16:11

Re: Rolling up coins--is it done in CH?
 
Quote:

Please tell us when you are going to do this so we can come and watch - I have just laughed my head off at the vision in my head... :D
When my jar is full . . .

bill_door 09.06.2009 16:29

Re: Rolling up coins--is it done in CH?
 
i remember the BCV in St Francois had a machine into which you just dumped all your mixed mess of coins, sort them, then gave you a receipt which you cashed in at the counter. don't know it is still there.

RetiredInNH 09.06.2009 16:41

Re: Rolling up coins--is it done in CH?
 
In the States some supermarkets have machines that will count coins, but (I believe) they take a percentage off. Do the Swiss banks that have these machines pay the full value of the coins?

Nathu 09.06.2009 17:28

Re: Rolling up coins--is it done in CH?
 
I think in some banks you're charged for the coin counting machines.

Make sure you have rolled the right amount of coins before giving them to the post office. A friend of mine was told off because he miscounted. It was amusing. :D

Scoobysue 28.06.2009 17:36

Re: Rolling up coins--is it done in CH?
 
Has anyone got the German term for the coin rollers? I just counted up my piggy bank and it's a sizeable sum - not 'retire tomorrow' sizeable but too much to leave sitting.

So far, I've put the different size coins in separate bags so it's a bag of .20 coins, one of .10 and so on with the total in full francs on a slip of paper. Is it worth toting them down to the bank like that, do you think? I worry that the rolling in paper would be too challenging for my less-than-dextrous mitts.


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