CoDM BSP: Coin Deposit Machine Information and Checklist of Taking part Malls (Location and The right way to Use)

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By way of the CoDM challenge, the BSP encourages the general public to deposit their idle cash saved of their jars, piggy banks, and different containers in accessible, handy, and environment friendly coin trade services in collaborating malls.

Depositors have to enter their GCash account numbers within the CoDMs in order that the quantity of cash they positioned within the machines might be credited to their digital wallets. The minimal quantity to be credited to the e-wallet account is PHP100 whereas most quantity relies on the pockets’s restrict.

By way of the CoDM challenge, the BSP goals to deal with the substitute coin scarcity in sure areas of the nation and assist be certain that solely match and authorized tender foreign money is available for public use.

With the choice to credit score the worth of deposited cash to e-wallets, the CoDM challenge additionally promotes the usage of digital funds and strengthens monetary inclusion.

The place to search out BSP Coin Deposit Machines

For Coin Deposit Machine branches, the BSP, in collaboration with SM Retail, Inc., Robinsons Grocery store Company, and Filinvest Lifemalls Company, CoDMs went stay in SM Mall of Asia (MOA) in Pasay, Robinsons Place Ermita in Manila, and Pageant Mall in Muntinlupa.

Those that will use the CoDMs in SM Malls and Pageant Mall also can choose to obtain SM purchasing vouchers as an alternative of the money quantity to be credited to their GCash accounts. There may be no minimal or most quantity of cash to be transformed to purchasing vouchers.

 

The vouchers can be utilized initially for over-the-counter transactions in SM Shops across the nation.

Location of Coin Deposit Machines

I used to be looking for a Coin Deposit Machines close to me. Nevertheless, as of writing, there are solely 9 working CoDM throughout the nation:

  • Robinsons Place Manila
  • Pageant Supermall
  • SM Mall of Asia
  • SM Metropolis Fairview
  • SM Metropolis North EDSA
  • Robinsons Galleria Ortigas
  • SM Metropolis San Lazaro
  • SM Metropolis Bicutan
  • SM Metropolis Bacoor

See the up to date checklist of Coin Deposit Machine areas under:

The BSP is scheduled to deploy 25 CoDMs in choose branches within the Higher Manila Space of its associate institutions till August this yr.

The right way to use BSP Coin Deposit Machine

To begin a transaction, the depositor should faucet the “Contact to Begin” button on the tabletop touchscreen.

The display will show the Information Assortment clause to tell the depositor that the knowledge corresponding to, however not restricted to, the amount, denomination, and quantity of deposited cash, date and time of the transaction, chosen crediting facility, and account variety of e-wallet will probably be collected by the CoDM.

The gathering and processing of all private information are in accordance with Republic Act No. 10173 or the Information Privateness Act of 2012.

The depositor will then be given the choice to both begin a brand new transaction or proceed a earlier one.

If the depositor begins a brand new transaction, the display will show the Coin Retrieval clause with the reminder that cash deposited within the machine can not be retrieved.

If the depositor chooses to proceed, the display will present the Deposit Process:

  1. Place all of the cash within the coin slot.
  2. Press the “A” button to rely the cash
  3. Press the “B” button to proceed to conversion
  4. Faucet the “Denomination” button to indicate the denominations, amount, and corresponding quantity of deposited cash.

Watch the video information on use the CoDM:

Alternatively, the preliminary coin rely receipt shall be printed by the machine.

The display will then present the crediting choices, which embody crediting to GCash e-wallet account or conversion to SM purchasing voucher.

ATTRACTIONS TO SEE IN MANILA 

Which cash will probably be accepted by the CoDM?

All denominations of the BSP Coin Sequence and New Era Forex (NGC) Cash Sequence shall be accepted by the CoDM. Match cash deposited into the machine will probably be given their equal worth.

Mutilated and unfit cash that won’t cross the machine’s standards will probably be rejected and won’t be given worth. Demonetized cash, international foreign money, and international objects (e.g., tokens) can even be rejected by the machine and returned to the consumer.

Is there a minimal and most quantity for changing the worth of the cash to both an e-wallet deposit or a purchasing voucher?

There isn’t any minimal and most quantity required for the conversion of deposited cash to SM purchasing voucher.

For crediting to GCash, the minimal quantity is PHP1.00, whereas the utmost quantity relies on the GCash pockets restrict of the depositor.

Under are the pockets and transaction limits set by GCash.

ACTIVITIES AND TOURS IN MANILA



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