Bank of Bahrain and Kuwait launches bulk deposit machines

The bank has started to issue the cards to enable clients to use the corporate deposit machines


MANAMA: BBK has announced the launch of bulk corporate deposit machines that allow corporate clients to deposit up to 230 notes at once, with real-time realisation of credit.

The next-generation machine is available at the BBKPlus zone of the bank’s digital branch in City Centre Bahrain and will soon be installed in The Avenues and Seef Mall Muharraq.

Commenting, the bank’s wholesale banking group deputy chief executive Dr AbdulRahman Saif said: “In line with the digitisation strategy and providing technology-based services to clients, BBK has launched new corporate bulk deposit machines, making cash deposits for corporate clients easier.”

BBK’s corporate and SME clients currently have access to self-service corporate deposit facilities through machines at the Exhibition Financial Mall and the Seef Mall Branch in addition to the smart ATM network.

BBK general manager of corporate banking division Nadeem Al Kooheji said, “The new machines, which allow the deposit of 230 notes of different denominations – from BD1 to BD20 notes – ease the process of depositing cash for both our corporate banking customers as well as the tenants of the malls as customers no longer have to visit the branch for larger deposits. Corporate clients can benefit from their accounts being instantly credited with real-time deposit into their account.”

“The bank continues to leverage latest technologies to innovate and improve services in our mission to deliver a seamless, immediate and brighter banking experience for all of our valued customers,” Dr Saif added.

The bank has started to issue the cards to enable clients to use the corporate deposit machines.

The cards enable deposits in an easy to use, convenient and secure manner; however, these cards cannot be used for payments, purchases, cash withdrawals, transfers or any other form of payment.

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