Monopoly Electronic Banking Instructions

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Monopoly Electronic Banking is just a fun game, but if you haven’t played in a while, it can be tricky to figure out how to work the electronic banking unit.

These instructions for Monopoly Electronic Banking will show you how to set up and use the electronic banking unit for your game.

Monopoly Electronic Banking

Before we start, there are several different electronic banking units that come with the various Monopoly Electronic Banking editions. Let’s make sure that these are the right instructions for you…

These instructions are for the 2013 Monopoly Electronic Banking edition with red, black, or blue banking units. These have curved edges and three colored buttons below the display screen.

If your Monopoly banking unit is white, light blue, or silver and has a green plus on one edge and a red minus on the other edge, then you’ll want to refer to these instructions instead for the 2006 version of Monopoly Electronic Banking.

Suggested read: The Best Monopoly Electronic Banking Editions

Monopoly Electronic Banking Unit and Cards
The Monopoly Electronic Banking Unit and Cards

How to work the Monopoly Electronic Banking machine

The Monopoly Electronic Banking unit can only fit five numbers on the screen. Therefore, it shows 10,000 as 10K (K meaning thousand) and 10,000,000 as 10M (M meaning million).

You’ll need to input numbers using the K and M buttons, matching the way that they’re displayed on the board and on the title deed cards.

How do you reset Monopoly Electronic Banking?

Before you begin a new game, you should always reset the machine.

To reset the Monopoly electronic banking unit, remove all cards and hold down the C button for five seconds until you hear a long beep.

How much money do you get in Monopoly Electronic Banking?

In Monopoly Electronic Banking, the starting money is $15M. When you reset the banking unit, each player will be automatically credited with $15M and you are ready to start the game.

When you put a card into the machine, the card number (1,2,3, or 4) will show, followed by that player’s current balance.

What do the buttons do on the Monopoly Electronic Banking Unit?

The Monopoly Electronic Banking Unit has 18 buttons. Here’s what they do…

  • Million – Press the M button after any amount to register it in millions (e.g. $2.8M)
  • Thousand – Press the K button after any amount to register it in thousands (e.g. $600K)
  • Go Arrow – Insert your card and press the green arrow to collect $2M when you pass Go
  • Decimal Point – This can also be used to adjust the volume. Hold it and release when the desired volume is reached
  • Cancel – If you make a mistake, press the C button with your card still in the unit and then key in the correct amount
  • Pay In – This looks like a person with a plus sign. Insert your card, key in the amount, then press Pay In to receive the money onto your card
  • Pay Another Player – This looks like three people. To pay another player, insert your card, key in the amount, press this button, and remove your card. Then, insert the other player’s card and press the Pay In button to credit their card
  • Pay Bank – This looks like a person with a minus sign. Insert your card, key in the amount, then press Pay Bank to pay the bank

How to receive money from the bank

You may receive money from the bank from Chance or Community Chest cards, when you mortgage property, or when you sell houses or hotels.

To receive money from the bank in electronic Monopoly:

  1. Insert your card into the banking unit
  2. Key in the amount that the bank owes you
  3. Press the Pay In button (this looks like a person with a plus sign)
  4. Remove your card

How to pay money to the bank

You may pay money to the bank to get out of Jail, from Chance or Community Chest cards, when you buy or unmortgage property, or when you buy houses or hotels.

To pay money to the bank in electronic Monopoly:

  1. Insert your card into the banking unit
  2. Key in the amount that you owe the bank
  3. Press the Pay Bank button (this looks like a person with a minus sign)
  4. Remove your card

How to receive money from another player

You may receive money from another player when they land on your property, or they buy a property or a Get Out of Jail Free card from you.

To receive money from another player in electronic Monopoly:

  1. Insert the other player’s card into the banking unit
  2. Key in the amount that they owe
  3. Press the Pay Another Player button (this looks like three people)
  4. Remove their card and insert your card
  5. Press the Pay In button (this looks like a person with a plus sign)
  6. Remove your card.

How to receive money from multiple players

When it’s your birthday and you receive $10 from each player, Monopoly Electronic Banking has a shortcut to make this faster.

To receive money from multiple players in electronic Monopoly:

  1. Insert another player’s card into the banking unit
  2. Key in the amount that they owe
  3. Press the Pay Another Player button (this looks like three people)
  4. Remove their card
  5. Repeat the steps above for each player who needs to pay
  6. Insert the card of the player who wants to receive the money
  7. Press the Pay In button (this looks like a person with a plus sign)
  8. Remove your card

Tips for using the Monopoly Electronic Banking machine

1. Insert your card the right way – Each card has an arrow to show you which way to insert it into the machine

2. If the unit doesn’t beep – This could mean that you’ve put your card in the wrong way, or that the volume is turned right down. Turn it up by holding down the decimal point button

3. The unit goes to sleep – This is normal after 30 seconds of inactivity. Just insert a card or press any key to wake it up

4. Minimum and maximum amounts – The minimum amount that the machine can handle is $10K. The maximum is $20M

5. Don’t forget to press K or M – If you don’t press K for thousand or M for million, the machine won’t credit or debit your card

6. If you make a mistake – If the card is still in the unit, you can press C to cancel the amount and input the correct amount. If it isn’t, you’ll have to re-insert the card and re-calculate to get the correct balance.

How to play Monopoly Electronic Banking

The rules for Monopoly Electronic Banking are exactly the same as classic Monopoly. The only real difference is that there is no cash, instead, players have bank cards and use the electronic banking unit to transfer funds.

You’ll find the classic Monopoly rules here.

The scale of the money is different in Electronic Banking Monopoly and classic Monopoly. In classic Monopoly, when you pass Go, you collect $200. In Electronic Banking Monopoly you collect $2M. Everything is multiplied by 10,000, so it works out the same overall.

The bottom line

Playing Monopoly Electronic Banking can take a little getting used to. At first, it may be slower than playing with cash. However, as you get used to the banking unit, play will speed up.

One of the downsides to playing Monopoly Electronic Banking is that the banker knows how much money each player has, but the other players do not, unless they ask the banker to tell them.

It’s really easy to cheat at Monopoly when you’re playing the electronic banking version, so I suggest playing with people you can trust, and having some house rules about cheating before you start.

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