Head over to SM Hypermarket at FTI in Taguig City or any SM and Robinsons Malls with coin deposit machines to deposit your spare change and use it for purchases.
The Central Bank of the Philippines (BSP) has collected over P1 billion in coins from deposits made in its coin deposit machines since the project's launch in June last year.
As of the latest tally on October 11, 2024, the coin deposit machines have collected P1,008,889.49 in coins, marking a success for the project aimed at recirculating the citizens' hidden coins back into the economy, and promoting cashless transactions.
Following this success, BSP plans to deploy an additional 25 coin deposit machines in various parts of the country next year.
The coins deposited in the machines can be transferred to citizens' e-wallet accounts or bank accounts, or can be exchanged for shopping vouchers.
BSP reminds the public that taped coins, those with writings or mutilations are not accepted, and the e-accounts or bank accounts for transfer must be active.
Currently, the coin deposit machines can be located at the following locations:
Robinsons Place Metro East in Pasig City; Robinsons Place Novaliches in Quezon City; Robinsons Place Antipolo in Rizal; Robinsons Place Magnolia in Quezon City; Robinsons Place Ermita in Manila; Robinsons Galleria in Ortigas.
Others are located at Festival Mall in Muntinlupa City; SM Megamall in Mandaluyong City; SM City Grand Central in Caloocan; SM City Marilao in Bulacan; SM City Taytay in Rizal; SM Hypermarket FTI in Taguig City; SM Southmall in Las Piñas City; SM City Sucat in Parañaque.
SM City Calamba; SM City Marikina; SM City San Mateo in Rizal; SM City Valenzuela; SM Mall of Asia in Pasay City; SM City North EDSA in Quezon City; SM City Fairview in Quezon City; SM City San Lazaro in Manila; SM City Bicutan in Parañaque; and SM City Bacoor in Cavite.
(Images of the Central Bank of the Philippines)
