What functions are provided by a cash deposit machine?

Asked Jun 2, 2014· 1 answer
Faisal KhanAnswered Jun 2, 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
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