A cash deposit machine is a self-service terminal that allows you make deposits and payment transactions by cash at any time. All successful transactions are immediately credited and customers will be issued an advice slip confirming the transaction. Your money are credited in real time into your account. Depositing into the machine is more convenient because you don’t have to wait for the banking hours to deposit, which is usually until 4pm only and it’s a lot easier especially if there are long queues inside the bank and no need to fill up any cash deposit slip. You only need to have a bank’s account number at hand in order for you to deposit cash into your account.
One bank that Allows machine deposits is the BDO Unibank, it stands for Banco de Oro, It is a member of the SM Group of Companies, owned by tycoon Henry Sy Sr.. It is regarded as one of the largest and most successful corporations and is a full-service universal bank.
Cash can be deposited to your BDO accounts with or without a BDO ATM card. There are more BDO Cash Accept Machines (CAMs) available now. It’s almost 300 in-branch and off-site locations of BDO CAMs nationwide. The cash depsited are credited in reaql time. Enter your peso bills into the machine, no writing, no envelopes, and no need to wait behind long lines inside the bank.
One big problem is that most of the BDO CAMs are located inside the branch offices and cannot be accessed after banking hours and banking days
BDO Cash Machines offer two options of cash deposit. It’s with ATM or Card-based Transactions and without ATM or Cardless Transactions.
- Easier to used – no need to enter an account number.
- Cash Deposits to Peso Savings/ checking Account or Cash Card
- Balance Inquiry
- Fund Transfer to Own Account and other BDO Accounts
- Bills Payment
- Prepaid Mobile Reload
- PIN Change
- Personal Online Banking Activation
- This allows you to deposit other person’s account, or your own account in case you don’t have your ATM card with you.
- Cash Deposit to Peso Savings/ Checking Account or Cash Card
- Bills Payment
When depositing make sure that the peso bills are straightened out flat, and stacked neatly so the machine will not reject them.
Just like with BPI, Banco De Oro also offers this type of service to its customers and subscribers. Machines like these really benefit its members because they save time, effort, and long lines. Want the list of all the BDO Cash Accept Machines nationwide? Stay tuned and we will find out more about that.