Can’t go to the bank? No worries as banks now offer a simpler way to deposit cash any time of the day. With the available cash deposit machines in the Philippines, you can save time and energy on saving your hard earned cash. Cash deposit machine (CDM) is the future of banking.
Banks With Cash Deposit Machine
ATM with cash deposit has become an additional feature offered by many banks. It llows their depositors to make the deposit transaction anytime. If you are a depositor of any of the banks with this feature, you may take advantage of the service for your convenience.
BDO
BDO has one of the most extensive cash acceptance machines in the country. Since they have branches in almost all cities, you can easily find an ATM near you.
See: BDO List
BPI
BPI is one of the pioneers when it comes to ATMs with deposit features. In the past, they even have those machines that require a deposit envelopes. Now, you can easily insert paper bills into the machine’s slots.
See: BPI Branches
Landbank
Metro Manila
- Batasan
- Crame
- COA
- Intramuros
- LBP Plaza
- Novaliches
- Taft
- Makati Business Center
Provincial Branches
- Infanta
- Naga Legaspi
Security Bank
You may go to the nearest Security Bank branch with deposit ATM.
See: Security Bank Deposit Machines
Metrobank
As one of the largest banks in the country, Metrobank is also offering its depositors are convenient way to deposit cash anytime. For, sure you can find a Metrobank deposit ATM near you.
Security Bank
If you are a Security Bank depositor, you can also take advantage of this service in you location,
This allows you to deposit money to your account without having to wait for the bank’s opening time. A list of Security Bank cash deposit machines should always be with you.
What is Cash Deposit Machine
Sometimes called Cash Acceptance Machines (CAM), it allows a person to deposit money using ATM. Banks in the Philippines are starting to put these machines beside the ATM for withdrawals for added convenience to their clients.
Benefits
Having a cash deposit machine near you gives you several benefits.
- Deposit cash anytime of the day without waiting for the bank’s opening time
- Check your balances
- Fund transfers
- Pay bills anytime
- Activation of your online account
- Buy load for prepaid mobile
- Change of PIN
Take note that the features and benefits may be different among banks.
How to Deposit Money
If you are already familiar with ATMs, the procedure is very similar.
Step 1: Choose the option whether you will deposit using an ATM card or without ATM card.
Step 2: Using your ATM, simply input your PIN, if you are using a cardless transaction, simply input the account number where the money should be deposited.
Step 3: Choose whether you are depositing for a Savings or Current (Checking) accounts.
Step 4: Insert your paper bill money into the slot when it opens.
Step 5: Get your receipt and ATM card.
Deposit Without ATM Card
Most of these machines allow clients to deposit cash even without the use of the ATM or debit card. There is a dedicated button to press if you wish to deposit cash without using a card. This cardless transaction is a good option if you forgot your card or if you simply want to deposit to another account.
PIN Not Accepted
If you have entered a wrong PIN for a limited number of time, it may be captured similar to the withdrawal ATMs. Just make sure to input the correct PIN or password every time you do a transaction.
ATM Card Cannot Read
Most of the time, this problem may happen if your card’s magnetic strip is dirty, damaged or faded. Simply wipe the part gently and try to insert it to the machine.
If the machine still won’t read or accept the card, it is about time to have it replaced. A replacement fee may be charged to you for the service.
Rejected Cash
Sometimes, the machines may reject the paper bill from the depositor. This may happen if the money is folded, torn or fake. Make sure to properly insert the money or straighten it to remove any folded sections.
24 Hours Available
The main objective of having this feature is to allow depositors to deposit cash anytime of the day. You may go to a branch with machine near you that is available 24 hours a day seven days a week.
Some banks may have to send announcements to their clients for machines that require upgrades, repairs or those that are expected for maintenance servicing.
Captured Card
In cases when your ATM card was captured, you may call the customer service hotline of your bank. This may happen if the machine detects any potential fraudulent activities.
If the bank is still open, you may get assistance from the staff on how to retrieve your card from the machine.
Other Services
Apart from deposits, the machines can also provide other functionalities. You may pay your bills for most utilities. If you need to change your PIN, you may do so and save on waiting lines. It is also possible to transfer money to other accounts or even buy prepaid loads. Balance inquiry among cash deposit machines is also a standard feature.
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