5cent, 10 cent, 20cent – The best place to deposit your coins

if you’re a lazy ass like me who just don’t want to deal with asking people to change with you.

I wanna bank in 228 coins (72 50cent, 36 20cents, 110 10cents, 10 5cents) = $65.5

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I have a small piggy bank

Currently, I have 5 Options to choose from:

  1. Posb/Dbs – Charges $0.012 per coin (Cost : $ 2.74)
  2. Singapore Mint – Charges $3.75 for every 1,000 coins (Cost : $3.75)
  3. OCBC – Charges $1.50 for every 100 coins (Cost : $4.5)
  4. Citibank – Charges $5 for total coin value below $200 (Cost: $5)
  5. Standard Chartered – Charges $5 for total coin value between $20-$100 (Cost: $5)
  6. UOB – Free for the first 199 piece/ Subsequent $1 for every 200 pieces (Waived for junior account holder) – Courtesy from Kj 🙂
  7. CIMB $5 for every 100 coins
  8. Maybank$2 for every 200 coins
  9. HSBC – First 50 coins are free, $5 for the next 1000 and $10 for the subsequent 1000 or part thereof
  10. Bank of China (BOC) $5 for every 1000 coins

As you can see the cheaper option for me now is to bank it in through Posb/Dbs [As I do not have a UOB account] with a total cost of $.274. Due to the small amount of coins I have, it makes no sense for me to be depositing through Singapore Mint (even though it is the cheapest) as I will be charged the full amount of 1,000 coins ($3.75).

I need to get a new piggy bank for the 1,000 coin:(

+1 knowledge point

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12 thoughts on “5cent, 10 cent, 20cent – The best place to deposit your coins

  1. Actually the cheapest option on the market is UOB.

    The charge is “free for first 199 pieces, S$1 for every subsequent 200 pieces or part thereof”. Hence you would only be charged $1 for your 228 coins, instead of $2.74 by OCBC/DBS.

    (Of course, that means you will have to have an UOB savings account, so I guess you don’t have one…? haha)

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  2. Just bring the coins to any hawker stalls or shops, they will change it. And if you are lucky, the stalls will throw in a bowl of noodles or whatever they sell.

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  5. Angel Supermart 24hours offers free coins exchange as long as you buy something from them.

    Bring all your coins, do not pack them, no need to seperate or count, pls don’t put tape on it

    Staff will pack inside sealed bag and send to their office, send back next working day. Total 3 Days turnabout. Machine counted

    Blk 326 Woodlands St 32
    Blk 631 Ang Mo Kio Ave 4
    Blk 110 Yishun Ring Rd

    Ps, they are open 24/7

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