I am a fan of piggy banks and coin saving.
Actually when I was hoarding these coins, or saving rather, I didn't think of how to convert them into blills but when the time came that I had to put them back to circulation, I had a difficulty of thinking how. I can't bring these coins everytime I needed them because they are just heavy. I had a total of less than S$ 600, all were S$ 1 coin. First, my housemate told me to bring it to 711 store nearby but the man wants $50 only. Next stop is the hawker stall and fortunately changed the S$ 200 I brought with me. hehe
I posted pictures in my facebook account and so one of my friends told me about this amazing thing that POSB/ DBS is offering - a coin deposit machine. The only requirement of this procedure is for you to have a POSB/ DBS account and it will go smoothly. As for me, I don't have an account so I asked my sister's account for this. (Charges of this process is very minimal, .75 cent per coin if I recall it right)
After finding a coin deposit machine, the fun process begins...
- Entering the account number
- Drop the coins (it can be a mixture of 1 cent, 5 cents, 10 cents, 20 cents, 50 cents and 1 dollar)
- Watch while the machine is counting your gold coins (it shows the figures)
- Wait for the excess coins if any (incase you have drop a coin that the machine can't recognize like other currencies)
- Collect the printed receipt and
- Wait for the next business day for bills
|one excited kid|
|setting my coins free|
|back in circulation once more...see you again|
|look at that amazing machine..also tried putting in our 5 cents to test its accuracy ;)|
|tada!! printed receipt|
Isn't that fun?
I was very amazed because it's my first time to do it, to actually see a coin deposit machine and to know about this.
Walang ganito sa pinanggalingan kong bansa. hehe
Singapore, May 2014