Bank rolls out cash-less ATM

FIRST National Bank has become the first bank in South Africa to introduce a non-cash dispensing ATM with deposit capability.

These ATMs are a smaller version of the standard ATM which FNB introduced in 2013 as a way of bringing banking services directly into communities.

The roll-out out of the new generation of ATMs seeks to improve access to banking in most rural parts of South Africa and broaden financial inclusion.

For easy access, the ATMs are placed at the door step of communities through Spaza shops and other general retailers, especially in remote locations.

Lee-Anne van Zyl, chief executive of FNB Points of Presence, says: “South Africa has many com- munities that have limited or no access to banking services because they are far from urban centres. We are improving access to banking by introducing a new range of noncash dispensing ATMs which we believe will be incredibly helpful.

“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.”

This version of ATMs is safe and easy to operate and can perform a variety of transactions such as: airtime and electricity purchases, view statements, pay traffic fines and perform card cancellations.

Customers will be able to make deposits into their accounts or pay someone directly from the ATM.