Coins.ph offers a variety of withdrawal options to meet your financial needs. Whether you need immediate access to cash through remittance centers or bank ATM withdrawals, this guide will walk you through the available methods, their features, and important considerations to ensure a smooth withdrawal experience.
Available Cash Withdrawal Methods
1. Cash Out via Remittance Centers
Coins.ph allows you to withdraw cash through various remittance centers, making it convenient to access funds quickly. Here are the steps and details:
Steps to Cash Out at Remittance Centers:
- Open Coins: Launch your Coins.ph account and navigate to the Portfolio tab.
- Select Withdraw: Click on the Withdraw button and choose Cash Out.
- Choose a Remittance Center: Scroll through the options or use the search bar to find your preferred remittance center (e.g., Cebuana Lhuillier, M Lhuillier).
- Enter Transaction Amount: Note that a minimum of PHP 1,000 is required for remittance center transactions.
- Provide Recipient Details: Enter the recipient's mobile number, email address, full name, date of birth, and address. Ensure these match the valid IDs of your recipient.
- Confirm Transaction: Review all details and click Confirm. Complete any security checks required.
Remittance Center Options, Limits, and Fees
| Outlet | Minimum Amount | Maximum Amount | Fees |
| Cebuana Lhuillier | PHP 1,000 | PHP 29,000 | PHP 105 for amounts ≤ PHP 10K; 1.6% for > PHP 10K |
| M Lhuillier | PHP 1,000 | PHP 49,000 | Varies |
| Palawan Pawnshop | PHP 1,000 | PHP 14,000 | Varies |
| Pera Hub | PHP 1,000 | PHP 50,000 | Varies |
| Villarica Pawnshop | PHP 1,000 | PHP 350,000 | Varies |
| LBC Express | PHP 1,000 | PHP 50,000 | Varies |
| RD Pawnshop | PHP 1,000 | PHP 20,000 | Varies |
| Bayad Center | PHP 1,000 | PHP 20,000 | Varies |
2. ATM Withdrawals from Bank Transfer
For those who prefer direct bank transfers to access ATM withdrawals, Coins.ph provides a fast and simple way to cash out. Here’s how:
Steps to Cash Out via Bank Transfer:
- Open Portfolio: Launch your Coins.ph account and tap on the Portfolio tab.
- Select Withdraw: Click on Withdraw, then choose Cash Out.
- Choose Your Bank: Scroll through options or use the search bar to find your bank.
- Enter Amount and Provider: Input the amount you wish to withdraw and select your bank service provider. Be sure to check associated fees.
- Provide Recipient Details: Enter the recipient's name and bank account number. Optionally include a mobile number for SMS notifications.
Processing Times for Withdrawals
Processing times may vary depending on the method chosen:
- InstaPay: Orders are processed instantly.
-
PESONet:
- Batch 1: Cash outs created before 9:00 AM are credited by 2:00 PM.
- Batch 2: Cash outs from 9:00 AM to 12:00 NN are credited by 6:00 PM.
- Batch 3: Cash outs from 12:00 NN to 3:00 PM are credited by end of day.
Cash outs after 3 PM or on weekends/holidays will be processed on the next banking day.
Important Tips for Successful Withdrawals
- Verify Account Details: Double-check account numbers and ensure recipient names match bank records.
- Consider Fees: Compare fees between InstaPay, PESONet and Remittance Centers before proceeding with your transaction.
- Track Your Transfer: Save transaction reference numbers and monitor your bank account for credits.
For real-time updates on the outlets, please check our Status Page.