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Dhaka Tribune

City Bank launches real time cash deposit machine

Using the both, customers and bearer could deposit money in real-time at any City Bank account

Update : 08 Oct 2020, 05:51 PM

City Bank on Thursday launched real time cash deposit machine for the first time in Bangladesh, adding a new dimension in digital banking service.

Managing Director and Chief Executive Officer of the bank Mashrur Arefin in a simple ceremony inaugurated the new machine installed at its head office in the capital, said a press release.

City Bank Deputy Managing Director and Chief Financial Officer Md Mahbubur Rahman and Head of Retail Banking Arup Haider were present, among others, in the event.

Using the both, customers and bearer could deposit money in real-time at any City Bank account, it said.

Customers will get instant reflections of the transaction with an instant notification message, the release reads, adding that the customers can also make cardless deposits.

The bank hoped that the facility would add a new dimension and create an unique USP in CASA hunting from businessman community.

Now RATM and RCDM of City Bank will work jointly like a Digital Teller, the release adds.

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