Banking has just taken another taken another step as Standard Bank with its innovations has just announced the launch of deposit-taking Auto Teller Machine (ATM) services countrywide.

Speaking to the Press, Standard Bank Head of Marketing Thokozani Unyolo said the launch of deposit-taking ATMs is in line with the bank’s continued improvements in digital banking capabilities in response to increasing customer preferences.

“Provision of innovative solutions has become the new world order in banking. In recent years, Standard Bank has been tuning up its technology-based services with a view to providing convenience for customers. Introduction of deposit-taking ATMs is one of the innovations that the bank is bringing in 2015 as we seek to take over the digital banking space, and move our customers forward,” she said.

Unyolo further said that the new service is available at existing ATM points across 11 strategic branches of the bank in Malawi. These are: Mzuzu, Blantyre, Lilongwe and Zomba.

Customers have further been urged to use their personal ATM cards as a way of interacting with the deposit-enabled ATMs.

“With deposit-taking ATMs, we are giving our customers the opportunity to transact at anytime without worrying about day banking hours or queuing for a teller. The service is easy, fast and secured by our recently refurbished ATM cubicles,” she said.