Post Office Not Accepting Odd Coinage.

[Oleanda]

My husband is treasurer of our parish church, and pays the collection money into the bank each week, via the PO, because we no longer have a local branch of Barclays. The lady teller told him last week that as from this month they won't accept odd amounts of coins, except for £1 and £2, and that this is the banks' ruling, not the PO's. We cannot find anything about it on either website. Anyone else heard about this?

[EDDIE51]

Yes, it is standard practice . Coins only HAVE to be accepted in £1 increments , the bank may accept other amounts but they don't have to. It saves time as they can just 'check weigh' coins in £1 increments.
Just keep the odd coins under £1 total and put them in with next weeks money.

[dance2trance]

I have found the Bank of England website to be very helpful. Check it out.

[CrapAtCryptics]

The average small store / post office doesnt have money weighing or the time to count through it all. The amount of time spent on post office activities is minimal and it is the store that makes the owner money. In addition there are different categories so small POs only are obligedand stocked to offer a small range of services.

[fiction-factory]

One way to dispose of small value coins quickly is by feeding them into the self-checkout tills when you need to buy something - just tip a pile in and even if you overpay you get change back. It's much easier to take a bag to the shop once a week than to count them into bags and pay them in ata bank/post office