Commercial Bank commissions milestone 600th ATM

Wednesday, 10 September 2014 00:13 -     - {{hitsCtrl.values.hits}}

Branch network grows to 238 with latest opening at new Gold Centre in Colombo   The milestone 600th automated teller machine (ATM) of the Commercial Bank in Sri Lanka was ceremonially commissioned by Minister of Fisheries and Aquatic Resources Development Dr. Rajitha Senaratne and Defence Ministry Secretary Gotabhaya Rajapaksa on Friday 5 September at the new Colombo Gold Centre. The ATM is located at the bank’s Gold Centre branch, its 238th branch in Sri Lanka, on the Ground Floor of the refurbished complex in the precincts of the former St. John’s Fish Market. Commercial Bank Managing Director/CEO Jegan Durairatnam said both the new branch and the ATM would provide an invaluable service to the many gold and jewellery retailers who open shops at the new Gold Centre, as well to the buyers who visit the complex. Commercial Bank’s ATM network has set many records for the value of cash dispensed and the number of transactions processed during peak shopping periods in Sri Lanka, and continues to improve on them each year. The latest record for cash dispensed in a single day was set on 11 April 2014, when users of the bank’s ATM network withdrew Rs. 2.05 billion. Between 1 and 12 April 2014, the Commercial Bank ATM network, then at 585 terminals, dispensed Rs. 15.438 billion. “The importance of a robust, reliable and well-serviced network of strategically located ATMs needs no better testament than these figures,” Durairatnam said. “Our ATM network plays a huge part in enhancing convenience for millions of people in Sri Lanka. The bank is therefore fully committed to upgrading and expanding the network in keeping with the evolving needs of the populace.” Commercial Bank’s 500th ATM was installed at the Maradana Railway Station, and its 400th was at the bank’s Ruwanwella Branch. In addition to facilitating withdrawals, the bank’s ATM machines enable convenient settlement of water and electricity bills, bills of Dialog, Mobitel, Etisalat, Hutch and Lanka Bell networks, and Commercial Bank Credit Card payments 24-hours a day, 365-days of the year. The bank’s network of teller machines is linked with millions of ATMs across the world. Commercial Bank ATMs also support the networks of Mastercard, Maestro, Cirrus, Visa, Plus, Amex, Discover and Diner’s Club thus enabling tourists and other visitors to Sri Lanka to withdraw money from their overseas accounts for spending in the country. Holders of Commercial Bank’s standard ATM cum Shopping Debit Cards can withdraw up to Rs. 40,000 from the bank’s ATMs per day. The bank also offers customers the option of setting their own ATM withdrawal limits up to a maximum of Rs. 100,000 a day, and a point-of-sale limit of up to Rs. 500,000.