Where to Find Bangko Sentral Coin Deposit Machines

There's one in Cavite, too.

(SPOT.ph) Have lots of coins collecting dust at home? If you can't bring them to the bank yet or have no plans to use them as payment for goods and services, here's an alternative: Deposit them to Coin Deposit Machines deployed by the Bangko Sentral ng Pilipinas (BSP) around Metro Manila and Cavite so you can turn them into GCash credit or shopping vouchers.

The central bank's Coin Deposit Machines encourage Filipinos to turn idle coins into credit as it promotes coin recirculation in the country. Currently, there are 10 CDMs deployed around the National Capital Region, with 15 more machines to be deployed until August, BusinessWorld said in a report.

Also read: SPOT.ph Roadtest: Turning Our Alkansya Coins Into GCash Using the BSP's Deposit Machine

Ten machines were deployed in just one month, and the demand was so high that the machines collected some P18 million worth of deposits, or about eight million coins, ABS-CBN News said in a report.

The machines accept all BSP-released coins, even those one centavo coins you get as change from supermarkets. There is no deposit fee needed, so you will get the exact amount in GCash credit or shopping vouchers.

BSP earlier said it is in talks with electronic money app Maya to provide more e-money options for Filipinos and may be an available option by August 2023.