Which bank offers coin exchange

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sundaymorningstaple
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Re: Which bank offers coin exchange

Post by sundaymorningstaple » Wed, 30 Dec 2020 2:29 am

POSB-but there is a charge for the quantity of coins sorted
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Re: Which bank offers coin exchange

Post by therat » Wed, 30 Dec 2020 11:32 am

POSBkids Account - below 16 yrs old.
1st 1000 pcs fee wavier
1001 pcs onward - charge

Another way is .. exchange with shop owner.

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Re: Which bank offers coin exchange

Post by PNGMK » Wed, 30 Dec 2020 6:01 pm

My son deposits his at DBS free of charge.
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Re: Which bank offers coin exchange

Post by malcontent » Wed, 30 Dec 2020 6:38 pm

Yes, the best way to convert coins to cash without incurring fees is using the coin deposit machine into a kids account at DBS/POSB. Used to be unlimited, now it’s limited to 1,000 pieces free per month.

My daughter has thousands of dollars in her account from coin deposits - in fact that is all we have ever deposited in there!
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sundaymorningstaple
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Re: Which bank offers coin exchange

Post by sundaymorningstaple » Thu, 31 Dec 2020 11:06 am

I used to do the same until they both got married and bought their own homes. :-/
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Re: Which bank offers coin exchange

Post by therat » Thu, 31 Dec 2020 1:10 pm

how abt grandchild :)

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sundaymorningstaple
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Re: Which bank offers coin exchange

Post by sundaymorningstaple » Thu, 31 Dec 2020 6:44 pm

My problem is I quit smoking 16 years ago and 13 years ago I went on a diet which meant I started takin3g my lunch to work. No way to accumulate the $3 or $4 dollars every day in change. Now sometimes I don't even break a tenner in a week. Especially since I retired. Guess their parents gonna have to practice it. :lol:
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malcontent
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Re: Which bank offers coin exchange

Post by malcontent » Thu, 31 Dec 2020 9:52 pm

I’ve gone pretty much cashless except at the hawker centre.

I use Citi SMRT visa for the groceries, fast food and public transport, StanChart Unlimited for everything else except on rare occasions when I gas up the wife’s car - for that I use the DBS Esso card which doubles as an ATM card. For low spenders like me, this 3 card system seems to give me the most value.
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Re: Which bank offers coin exchange

Post by abbby » Sun, 03 Jan 2021 7:47 pm

therat wrote:
Wed, 30 Dec 2020 11:32 am
POSBkids Account - below 16 yrs old.
1st 1000 pcs fee wavier
1001 pcs onward - charge

Another way is .. exchange with shop owner.
Yes, i use posb as well, they have a few coin deposit machines in Singapore. It's quite useful and they accept mixes of denominations.
The secret of life is honesty and fair dealing. If you can fake that, you've got it made. - Groucho Marx (1890-1977)

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