Cashing In My Coins

[kingstonkid]

Hope someone with experience at KBank in particular can help me.

 

What is the best time to cash in a lot of coin.

 

Also what do the banks charge for it 

[Just Weird]

Any cash banking transaction can be done at any time, there's no such thing as a best time especially as you haven't specified a branch.  

 

Phone their call centre to find out if they charge for "cashing in coin", does that mean changing coins for notes or paying in coins to your account?  Either way there's not likely to be a charge if you're a Kasikorn customer.

[asanee]

if this is simply thai money as you were to lazy to use it for payment before, then any 7 will be glad to take it for any purchase too. Use it to stock up your bankaccount is also always free, but as a non-cust, trying to change it into banknotes may be refused here and there by a bank. They may require you to put it yourself in special bags that hold like 50 or 100 of it. But most have fast machines for that.

If you were unclear, like so many halfdrunk brits about that money; foreign coins are sometimes taken by Superrich for a much lesser rate and only coins of fairly high value as such.

[berybert]

3 hours ago, asanee said:

if this is simply thai money as you were to lazy to use it for payment before, then any 7 will be glad to take it for any purchase too. Use it to stock up your bankaccount is also always free, but as a non-cust, trying to change it into banknotes may be refused here and there by a bank. They may require you to put it yourself in special bags that hold like 50 or 100 of it. But most have fast machines for that.

If you were unclear, like so many halfdrunk brits about that money; foreign coins are sometimes taken by Superrich for a much lesser rate and only coins of fairly high value as such.

I would imagine he is talking about Thai coins as I don't know many people who bring in foreign money and manage to get change from it in the same currency. 

So you carry on changing your foreign coins at Superrich whilst slagging off half drunk Brits. 

It makes you look super smart.

[edwardandtubs]

Coins are already cash so what on earth does cashing them in entail?

[Vacuum]

23 minutes ago, edwardandtubs said:

Coins are already cash

...unless the coins doesn't consist of satangs, you can use them everywhere.

[Just Weird]

21 hours ago, Vacuum said:

...unless the coins doesn't consist of satangs, you can use them everywhere.

Satang coins can be used everywhere also.

[WayWokeWhiteGuy]

If you are a customer of KBank and have already counted and "rolled" them then it's free.

 

If they have to count it it's 3%, Not sure what it costs if you're not a customer.

 

The best time to go is when there is no one in line.

 

I assume you are changing Thai coins for Thai paper

 

 

 

[Traubert]

When I left the UK, some supermarkets had machines that you could simply pour in a bucket of coins and they spat out notes and the odd change in coins to the value of what you poured in. It saved the supermarket incurring costs at the bank for change or security on coin deliveries. Simple enough idea.

 

Did this not spread out from the UK? Any Brits remember those machines? Are they still there?

[fulhamster]

1 minute ago, Traubert said:

When I left the UK, some supermarkets had machines that you could simply pour in a bucket of coins and they spat out notes and the odd change in coins to the value of what you poured in. It saved the supermarket incurring costs at the bank for change or security on coin deliveries. Simple enough idea.

 

Did this not spread out from the UK? Any Brits remember those machines? Are they still there?

I remember them in Tesco. But they took 15% commission 

[Traubert]

8 minutes ago, fulhamster said:

I remember them in Tesco. But they took 15% commission 

Ah, I didn't recall that bit Mr Cottager but it was 13 years ago in my defence.

[Vacuum]

19 hours ago, Just Weird said:

Satang coins can be used everywhere also.

Mom&Pop type of stores usually doesn't take them, also lokal markets.

[mogandave]

1 hour ago, Vacuum said:

Mom&Pop type of stores usually doesn't take them, also lokal markets.

I have never experienced this. but then I never tried to use forty of them to buy a bottle of water. 

[blackcab]

13 hours ago, Traubert said:

Are they still there?

 

Coinstar.

[tom in bangkok]

On 12/24/2019 at 6:41 AM, asanee said:

any 7 will be glad to take it for any purchase

They will also take any amount of change and xfer to your bank account.

 

About 6 months ago I had 5-6kg of thai coins. I asked at the closest 7 if they could give me notes for them and was told they can accept the coins and promptpay the value to me as long as I had pre-sorted them into groups of 100 baht.

 

1 hour of counting and 28 plastic bags later, my partner had 2800 thb transferred into his account. YMMV so I would suggest you have a Thai starts the discussion.

[Gumballl]

On 12/24/2019 at 3:10 AM, edwardandtubs said:

Coins are already cash so what on earth does cashing them in entail?

It means converting metal coins into paper bills. Jeez.

[kingstonkid]

Thanks everyone for the info 

 

I took them to KBank in plastic bags of 100 each the bank looked at me and then they decided to believe me on the numbers and accepted them and deposited into my account.  No charge and fairly quickly

 

As to 7/11 they used to take coins but around my area do not anymore seems they were getting ripped off

 

[RichardColeman]

I'd try talking to the local street vendors first - ones we know take all our coins

[mogandave]

I never let coins accumulate, I just spend them as I get them. 
 

My wife on the other hand...

 

 

[lamyai3]

Look for something like this. When you find it, please make sure to use it the right way.