Commercial Bank reaches milestone 400th ATM

Tuesday, 11 January 2011 00:01 - - {{hitsCtrl.values.hits}}

The Commercial Bank of Ceylon Plc has achieved yet another milestone with the addition of the 400th Automated Teller Machine to its extensive, island-wide 24-hour cash dispensing system which includes on site as well as off site ATMs, and is the single largest in the country.

More than 125,000 transactions totalling over Rs. 450 million are carried out daily through the Bank’s ATM network. This is the highest value dispensed by a single ATM network in Sri Lanka. The network has maintained a record up-time of over 99 per cent, for all its users.

The Bank’s 400th ATM located at the Ruwanwella branch provides access to the accounts of more than three million Commercial Bank account holders and to all users of ATM cards issued by other banks on the Visa, MasterCard and Amex networks.

Commercial Bank Cardholders can also pay their electricity, water, telephone and credit card bills through any of these ATMs any time of the day, the Bank said.

“The 400 ATM milestone is significant as it represents the Bank’s commitment to expansion and ensuring customer convenience and satisfaction while providing 24-hour, 365-day access,” Sanath Bandaranayake - Deputy General Manager - Operations of Commercial Bank said.

All Commercial Bank account holders have the option of having their own daily ATM withdrawal limit up to Rs. 100,000 depending on individual needs. Apart from the convenience of easy cash withdrawal, balance verification and funds transfer, the Bank’s ATM cards also serve as Shopping Debit Cards enabling cardholders to pay for goods and services electronically while enjoying attractive discounts at over 60 leading merchants through the ‘Comdeals’ programme. The Visa branded Shopping Debit Card launched recently by the Bank is the only chip enabled personalised debit card issued in the country.

Commercial Bank of Ceylon Plc has been adjudged Sri Lanka’s ‘Bank of the Year’ seven times by ‘The Banker,’ ‘Best Bank in Sri Lanka’ for 12 consecutive years by ‘Global Finance’ Magazine, and the Best Bank in Sri Lanka twice by FinanceAsia. It has also been rated ‘Best Local Trade Bank’ in Sri Lanka by the UK based ‘Trade Finance’ magazine. The Bank also operates seven branches, two booths, two off-shore banking units, six SME Centres and 14 ATMs in Bangladesh.