Lloyds Bank has clarified its rules on depositing coins in branches after a customer inquired about changing £700 worth of £1 coins. The bank advised that the amount of coins accepted can vary by branch, so customers should check with their local branch before visiting.
In response to a social media query, Lloyds stated that large amounts like £700 may need to be paid in over multiple visits or in pre-bagged coin. An alternative option is to visit the Post Office, which accepts full bags of coins for denominations under £1, and part bags of £1 or £2 coins up to £250, provided they are separated by denomination.
The bank's website notes that Post Office branches may have different cut-off times for cash deposits, and deposits made after the cut-off may take an extra working day to process. These services are available at Post Office branches in England, Wales, Scotland, and Northern Ireland, but not in the Channel Islands or Isle of Man.
