One cent coins

[Andrewt123]

What should we do with our one-cent coins? Too little value yet do we just dump them or is a monetary authority collecting them to recycle the metal or something? Anyone wiser?

 

[cassowary18]

Deposit into bank account using coin deposit machine. If you know a child, use their bank a/c -- coin deposit fees are waived for most banks if you're depositing into a child account.

 

[limster]

How many do you have? Just put in donation box if you really have to.

 

[silverbomb]

only 2 ways. donate them or deposit into branch/coin deposit machine for bank account or to pay credit card bill. of cos don't go there with just a single piece of 1c. accumulate alr then go. otherwise donating will be wise, usually charities knows what to do with these 1c. 1c are still legal tender, but just no longer in circulation

i closed my uob account with 1c inside 2 mths ago and counter wanted to give me 1c i asked them i can't do anything with this. she then suggest me that she can use it to pay to credit card bill offset.

 

[fr33d0m]

OCBC has waived coin deposit fee. Go deposit into an OCBC account if you have one.

cleared all my 5 cents and 10 cents last week.

 

[Squaredot]

https://www.ocbc.com/personal-banking/digital-banking/atm-services.page#new-atmFrom 1 April 2021, the service charge of S$0.012 per coin at the new ATM will be waived so you can enjoy $0 service charge whenever you deposit your cash anytime!

 

[henrylbh]

What should we do with our one-cent coins? Too little value yet do we just dump them or is a monetary authority collecting them to recycle the metal or something? Anyone wiser?

Exchange with me if you have more than 100 coins.

 

[MoyoCase]

sure or not the fees are waived for pOSB coin machine?

This youtube shows he has been charged $12 fee

 

[lzydata]

sure or not the fees are waived for pOSB coin machine?

This youtube shows he has been charged $12 fee

It's only waived for kids.

The coin deposit fees will be automatically waived for child’s accounts until the child turns 16 years old, for the first 1000 pieces deposited via Coin Deposit Machine per calendar month.

https://www.posb.com.sg/iwov-resources/pdf/bank/posb_deposits_guide.pdf

 

[reddevil0728]

sure or not the fees are waived for pOSB coin machine?

This youtube shows he has been charged $12 fee

actually right for amount 10c and above. one way to reducing the number of coins is to insert into vending machine and eject.

so example 10 x 10c will become $1 coin.

 

[Devilsire]

https://www.ocbc.com/personal-banking/digital-banking/atm-services.page#new-atmFrom 1 April 2021, the service charge of S$0.012 per coin at the new ATM will be waived so you can enjoy $0 service charge whenever you deposit your cash anytime!

is there any OCBC account without min monthly req?

 

[Squaredot]

is there any OCBC account without min monthly req?

my post was dated Jul 2021

I have a ntuc-starter account with no min balance thingy but it's going to be buried early next year. Iirc the letter notification says it will be replaced by OCBC 360, monthly fee waived for first 2 yrs