FNB’s non-cash ATMs a first

FNB is partnering with spaza owners to become the first bank to introduce a non-cash-dispensing ATM with a deposit capability in a bid to deliver banking services to rural communities.

The bank said the non-cash-dispensing ATMs are in a pilot phase, and the extent of the roll-out would depend largely on the outcome of the pilot.

Lee-Anne van Zyl, chief executive of FNB Points of Presence, said: “The cash deposit functionality is an added layer of convenience for the earmarked communities as they will be able to send and receive cash through a channel that is cheaper than going into a branch.” –ANA