Nedbank Launches Intelligent Depositor ATM for large Cash Deposits

Making banking more accessible to all in South Africa requires banks to continue providing innovative financial solutions to meet the fast and ever changing needs of customers.

Today, Nedbank launches the Nedbank Intelligent Depositor, an innovative ATM. It is designed to enable customers to deposit cash, with immediate access to the deposited funds.

The Nedbank Sandton City and Cresta Mall branches will take the lead in the national roll-out plan of the new Nedbank Intelligent Depositor ATM.

“We are delighted to bring this innovative ATM as part of our commitment to continue enhancing our clients’ banking experience, allowing for greater convenience. Clients can now make cash deposits daily even after traditional hours of banking, helping them save on their precious time in long queues and more importantly your money will reflect in your account in ‘real-time’, giving you immediate withdrawal access,” states Brian Duguid: Nedbank Managing Executive: Retail Banking Services.

With the greater focus on small to medium sized businesses, the role of banks to provide innovative financial solutions is vital. Too often, small business owners have to take time away from their businesses to do their banking. The Nedbank Intelligent Depositor ATM enables them to do this in the most convenient manner, allowing them more time to manage and grow their business.

“The Nedbank Intelligent Depositor ATM works in ‘real-time’ which enables the calculation and authentication of cash notes with ease. To ensure continuous improvement to our banking experience, we are cognisant that we must continue to innovate to keep abreast with the needs and aspirations of our clients,” concludes Duguid.