In its efforts to ensure ease transaction by its customers in the coming year and also cushion the effect of the perceived reintroduction of the ATM charge of N65 by the Central Bank of Nigeria (CBN) on Remote-on-Us ATM transactions on i customers, Sterling Bank said it has concluded plans to increase its ATM points to 700 by year end. The bank’s ATM points currently stand at 585. In addition, the bank said that it will start the 2015 financial year with 5,000 Point of Sales terminals.
In response to the request of its customers nationwide, Sterling Bank said that additional ATMs Galleries will be put in place in strategic locations nationwide while a robust infrastructure to support the expansion has also been put in place.
Remote-on-Us transaction occurs when a card holder goes to the ATM of a bank other than his or her own bank to make a withdrawal. The card holder will be charged N65 after making three withdrawals from such ATMs within a given month. The bank where his or her account is domiciled will be responsible for the payment of the charge of N65 for the first three withdrawals from another bank’s ATM.
The Group Head, Strategy & Communications of the bank, Mr. ShinaAtilola disclosed that Sterling Bank has commenced aggressive roll out of ATMs nationwide. “We have almost doubled our ATM count between December last year and September 2014. We started the year with 300 ATMs but aim to close the year with about 700. This would involve additional deployments at existing locations, partner locations and ATM galleries,” he added.
He also said that the public needed to know that beyond cash withdrawals, customers could confirm their account balances, do transfers (inter and intra bank), pay bills such as electricity and DSTV and buy air time at the bank’s ATMs
Speaking further he said “As a financial institution poised to enrich lives, Sterling Bank will continue to maintain high quality ATM services by supporting the inter-operability of the payment system in the country. We will continue to deploy more ATMs to promote the cashless policy of the CBN and ensure that our customers are provided with enough platforms to transact their financial transactions.”
