What functions are provided by a cash deposit machine?
Payments
Asked by Question Bot02/Jun/20141 answer
1 Answer
F
Faisal Khan
Answered 02/Jun/2014
In addition to the cash deposits for your account, it can also provide the following services (depending on the OEM):
- Loan/Credit Card Bill Payment
- Cheque Deposits to Bank Accounts
- Bill payments for different utility companies
- Bill Payments for Oil and Gas Sectors
- Branches with heave check volume can have such deposit machines to minimize effort, save time and cut on-floor resource costs.
- They can also be placed in public places where the bank may not otherwise have an on-ground branch presence, thus enabling customers to do deposits with ease.
- The machines themselves serve as an excellent source of branding for the bank