fbpx
Connect with us

Lifestyle

Did You Know That You Can Cash Coins Straight Into Your Bank Account? Here’s How!

Published

Pjimage 2020 06 23T123534.298
Source: WOB & Sarawakku

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Coins are heavy, bulky and noisy which is why many people try to keep their coin collection to a minimum. But some people tackle the issue by keeping the coins they receive in a piggy bank. It is also a good way to educate young children on the importance of saving money! 

But what happens when your piggy bank becomes full? Well, did you know that you can cash them straight into your bank accounts?

Giphy 52

In 2014, Bank Negara announced that coin deposit machines would be available at banks nationwide. These machines allow you to cash in your coins and deposit the amount straight into your bank accounts!

Despite being installed six years ago, not many are aware that these machines exist. So, if you are looking for a place to put your tremendous amount of coins in, here’s how you can do so!

As Maybank is one of the most used banks by Malaysians, we’ll use it as an example.

Note: Be sure to cash in your coins at the bank where you have an existing account.

47352280 1118376048335844 1965105279183880192 N

It is super easy to operate the machine as there are only two buttons.

  • Firstly, select the language and then pour in the coins in the coin compartment when instructed.
  • Wait for the machine to count the coins. Sometimes they might eject a few good ones but no worries, you can get it from the slot on the bottom left and put it right back in.
  • Once you’re ‘coin-less’, the machine will print out two slips for you – a receipt and a voucher. The voucher is only valid for one day so you must deposit it quick!
  • Fill in a deposit form and get a number. Present both slips and the deposit form so that the bank staff can perform the transaction and voila!

Nlkm

If you need visual instructions, a few helpful Malaysians have uploaded tutorials on how to use the machines on YouTube:

Maybank’s coin deposit machines are available at these 28 branches. And to make things easier, Bank Negara has also marked out coin deposit machines from different banks on Google Maps.

This is certainly something useful for most of us. There might be many people out there who do not know of the existence of these machines (like the author prior to this). It is also a good educational experience to give to our children about money and finances.

Have you used this machine before? Let us know in the comments!

 

Also read: Here’s a List of Places in Malaysia You Can Recycle or Donate Old Items & Even Earn Some Extra Cash

Pjimage 2020 06 22T165651 1

Source: Sarawakku


Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

6C2396Db F476 4326 97D5 8B76Db456877 6C2396Db F476 4326 97D5 8B76Db456877
News6 hours ago

“Global recession likely to happen in 6 months,” Says IMF Chief

According to the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, she cautions that: “We are unable to...

Collage 13 Collage 13
News8 hours ago

KJ Says The Market Price For RON95 is RM4.52 Per Liter & The Subsidy is to Curb Inflation

Just last night (July 6), the Ministry of Finance announced the latest fuel pricings , effective July 7 till July...

76Affc14 B10C 4D4C 8977 57A65Ba33B9D 76Affc14 B10C 4D4C 8977 57A65Ba33B9D
News11 hours ago

WATCH: Lorry Crashes Into Several Cars At Johor-Singapore Causeway Causing Massive Pileup

A Facebook netizen recently shared two videos of an accident that has occurred at the highway leading to Woodlands checkpoint....

2De38142 A33F 4A18 8C4B 917526027A12 2De38142 A33F 4A18 8C4B 917526027A12
News14 hours ago

JUST IN: Malaysian Man Tested Positive For Monkeypox In Singapore

According to Chanel News Asia, The Ministry of Health in Singapore (MOH) has confirmed that a 45-year-old Malaysian man residing...

Collage Baby Collage Baby
News1 day ago

Baby Born To Brother & Sister Parents Dies Just Hours After Birth Due To Severe Genetic Defects

The birth of a baby is supposed to be a celebration, but sometimes, tragedy strikes, and the event becomes a...

My Post 2022 07 06T150310.133 My Post 2022 07 06T150310.133
News1 day ago

M’sian Singer Escapes Death Penalty As Cannabis Distribution Charges Dropped

Nasyid singer and composer, Muhammad Yasin Sulaiman is feeling thankful after the Magistrate’s Court acquitted him of charges on distributing...

Ft Iv Ft Iv
News1 day ago

Journalists Publicise UMNO Dept Chief Interview After He Denied Him Saying That Najib Should Go To Jail

Recently, in an interview with Asia Times, UMNO Deputy Chief Datuk Seri Mohamad Hasan, more popularly known as ”Tok Mat” had...

0B27Ce14 Ff64 448B 873E 168787Fbd445 0B27Ce14 Ff64 448B 873E 168787Fbd445
News1 day ago

Excessive Pesticide Residue Found In Mie Sedaap Noodle Cups Shipment To Taiwan

On July 5, it was reported that customs intercepted shipments containing items from Indonesia and Malaysia in Taiwan. This is because the...

Announcement

Latest Videos



TRENDING TODAY