Excuse me, I was wondering if I could clarify something regarding HSBC's policy on accepting old coins. Specifically, I'm holding on to some old 1-coin denominations, and I'm wondering if HSBC still accepts these as valid tender for deposits or transactions. Is there a specific policy or guideline in place regarding the acceptance of old coins, and if so, are there any restrictions or exceptions I should be aware of? I'd appreciate any information you could provide on this matter.
5 answers
BonsaiGrace
Fri Aug 16 2024
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ZenBalanced
Fri Aug 16 2024
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BitcoinBaron
Thu Aug 15 2024
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SejongWisdomKeeper
Thu Aug 15 2024
For those who come across old £1 coins, it's important to note that these coins are no longer in circulation and cannot be spent. However, they can still be deposited into a bank account at various institutions, including Bank of Scotland, Barclays, Clydesdale, Halifax, HSBC, Lloyds, Nationwide, NatWest, The Post Office, RBS, Santander, Ulster, and Yorkshire Bank.
Bianca
Thu Aug 15 2024
The process of depositing old £1 coins into a bank account is straightforward and can be done by visiting any of the aforementioned banks. Users will need to present their coins and a valid form of identification, and the bank will then credit the equivalent amount to their account.