When we proceed to make a payment or a deposit in the bank, it is usual to do it with bills, but in certain cases the citizen can go to the window with coins. Even with ‘too many’ coins. It happens when you have been saving little by little at home and you deposit the funds to keep them in a safe place, when in protest you pay a municipal fine…there are many possible reasons, but at the same time these clients must know that this may entail some limits and even the collection of commissions.
, entities are not required to accept more than 50 currencies in a payment. This guideline is based on the , which reads as follows: “Except for the issuing authority and persons specifically designated by the national law of the issuing Member State, no party shall be obliged to accept more than 50 coins in a single payment.”
There is only one exception for these cases: the payment of municipal taxes and fees, which due to the greater volume of technical and human resources they require, are not considered regular income.
In any case, and as can be deduced from the previous texts, banks can also accept deposits and payments of more than 50 currencies. By doing so, they can establish a series of conditions to allow it and they also have the power to include a commission in the account opening contract.
In the first place, summarizes the Bank of Spain, banks usually reach agreements with clients (who are generally professionals) by which payments with more than 50 currencies are admitted “unless recounted later”. In addition, they offer blisters to facilitate the storage and counting of coins, as well as special comprehensive cash management services that include collection and/or delivery, counting, packaging…
The Bank of Spain insists that what is important is what appears in the pact (the contract) between the bank and the client, so in the event of disagreements, this text will be the one to settle them, both in the indications for income, the possibility of subsequent recounts or the actions to follow when there are discrepancies between the amount declared and the amount resulting from the recount.
For all these cases, the collection of counting commissions is legal, provided that it is included in the agreement between the client and the bank. The one that these commissions are applied as a general rule to “merchants dedicated to activities that require a daily cash service, which consumes human resources and technical means on the part of the entity.”
There is no set amount or limit for the coin counting fee. The Bank of Spain explains that, due to this, “each entity can establish the commission it decides”. Of course, whatever it is, you must inform the client of it before carrying out the operation.
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