The Bangko Sentral ng Pilipinas (BSP) has launched a coin deposit machine that allows Filipinos to turn their idle coins into GCash balance or SM shopping vouchers. The machine accepts all BSP-released coins, including one centavo coins
The BSP launched the coin deposit machine in June 2023 as part of its efforts to promote coin recirculation in the country. The machine is located in participating malls, and it is free to use. To use the machine, you simply need to insert your coins and choose whether you want to convert them into GCash balance or SM shopping vouchers.
The coin deposit machine is a great way to get rid of your idle coins and put them to good use. If you have a lot of coins at home, we encourage you to check out the machine and see how it works.
Where are these machines?
The BSP has deployed four coin deposit machines in Manila, two at SM Mall of Asia, one at Robinsons Place Ermita, and one at Festival Supermall. Six more machines will be deployed in other SM and Robinsons malls this year.
The machines accept all denominations of BSP coins, from one centavo to P10 coins, and the new P20 coins. They also accept GCash, and Maya will be an additional option by August 2023.
The deposit is done in real-time, so you will receive the credit immediately. However, damaged, mutilated, demonetized coins, as well as foreign currency, foreign objects, and tokens will not be accepted.
