Sri Lanka’s largest private bank said it will be installing ‘Cash Deposit & Withdrawal’ machines in stages within its 251 strong branch network.

“Card-less cash deposits are possible and the new machines accept cash deposits into third party accounts as well, and can be used to settle utility bills and dues on Commercial Bank credit cards,” the bank said.

“A sophisticated stacker that can accept and count up to 200 notes at a go eliminates the need for envelopes, making the machines more eco-friendly.”

The bank said in a statement that the new machines offer services such as balance inquiries, transfers of funds between linked accounts and changing of personal identification numbers (PINs) and accept requests for mini statements.

“Our continuing focus on technology is driven by our commitment to make transacting more convenient, more efficient and safer for our customers,” Commercial Bank’s Managing Director JeganDurairatnam said.

The Bank’s digital banking platform now offers four types of machines for customers to do their banking with ease. The machines are traditional cash withdrawal ATMs,cash deposit machines, cheque deposit machines and the latest Cash Deposit and Withdrawal machines.

The Bank owns 638 cash withdrawal ATM terminals, the largest network owned by a single bank.

(Economynext.com)