What is a coin deposit machine in Singapore?

Coin deposit machines, or over-the-counter transactions, allow you to submit all your coins at once, and get them counted and deposited with no hassle whatsoever. However, the majority of banks in Singapore charge a coin deposit fee regardless of the coin value.

Can you deposit rolled coins at Bank of America?

" yes u can all of u have to do is wrap all of your coins and tell the teller who much is there and they will the same amount in bills " You can no longer deposit rolled coins at Bank Of America. This was changed about a year ago. You now have to unroll the coins put them in a clear plastic bag provided by Bank Of America.

Do posbkids Pay coin deposit fees in Singapore?

But before we get to that, let's first review the coin deposit fees charged by several banks in Singapore. The bank also provides a waiver for POSBkids accounts for every 1,000 pieces deposited every month via coin deposit machines, until the child turns 16 years old.

Do POSB/DBS banks charge a coin deposit fee?

For POSB/DBS banks , you will be charged S$15 for 1,000 pieces of coins regardless of whether they're worth 10 cents or 20 cents. This might feel really painful when dealing with lower-valued coins. However, DBS/POSB waives coin deposit fees if they are deposited in one of the following accounts: