OCBC Bank is first in Southeast Asia to enable instant encashment of cash cheques at ATMs
12 Mar 2020
OCBC Bank's digital push at branches, now enhanced by next-generation ATMs, enables customers to perform close to 80 per cent of all frequently performed transactions without having to queue for a teller

OCBC Bank customers can encash cash cheques immediately at next-generation ATMs located at 23 branches

Singapore, 12 March 2020 –



Even as Singapore pushes to become cheque-free by 2025, cash cheques continue to be used by small and medium-sized enterprises (SMEs), typically to pay staff salaries, get cash for daily business operations or pay vendors for services rendered.



While cheque usage by OCBC Bank’s retail banking customers has fallen 40 per cent since 2018, one in six cash transactions performed by OCBC Bank tellers over the counter are still cash cheque encashments; 95 per cent of these cheques are issued by SMEs.

Until cheques are fully phased out, and to drive digital literacy and adoption, OCBC Bank has rolled out a cheque encashment service across all its next-generation ATMs at 23 branches.



Since February 2020, customers have been able to encash cheques – for up to a maximum of $30,000 in a single cheque – by depositing them into the ATM to instantly get cash.


This capability enables the next-generation ATMs to process 90 per cent of all the cheques usually encashed at OCBC Bank branch teller counters.



The average cheque encashment transaction time has been reduced to under three minutes at the ATM, as customers can save about 60 per cent of their time compared to waiting to be served at a branch. All the necessary security checks and verifications are performed by Digital Ambassadors on mobile tablets in real time, so security is not compromised.



The next-generation ATMs have already processed cheque encashments totalling close to S$17 million.

Why don't you fix the formatting before you post?

How about Affin , Public , CIMB ?

Copy bulat bulat, orang pun mesti bulat bulat

funny, maybank manage to hire people to work on saturdays sundays

Perhaps open 7 days a good idea, but the kicker is , on weekend , its just limited services.

last time i used to go to KLIA.. not sure the bank service still available now days.

Banks: Aku punya eBanking and MobileBanking services are available 7 hari seminggu. Apa yang ko merepek ni?

maju country bank open every day

Which bank open branch in KLIA?

Bureau de Change (Money Changer) Services at KLIA
You can find banks, currency exchange counters and ATM at Kuala Lumpur International Airport (KLIA) easily. KLIA has 12 foreign exchange counters in total, all of which accept major currencies. The counters are operated by
Maybank, CIMB, RHB, Bank Islam and the Kuwait House of Finance. The counters can be found easily at the Main Terminal Building, the Contact Pier and the Satellite Building.

Departure Hall (Level 5)

■ CIMB Bank
■ Maybank (near Cafe Marche restaurant)
■ RHB Bank (next to Watch Shoppe)
■ Kuwait Finance House (Malaysia) Berhad

Arrival Hall (Level 3)

■ Maybank (before the baggage reclaim area)
■ CIMB Bank (before the baggage reclaim area)
■ RHB Bank (after the baggage clearance at International Arrival)

Contact Pier

■ CIMB Bank (for arrival, before the Immigration counters)
Level 3
■ Bank Islam Bureau De Change

Satellite Building

■ CIMB Bank (Centre Hub heading to North Wing)
■ Maybank (Centre Hub heading to South Wing)
■ RHB Bank (Centre Hub heading to South Wing)

these branches can open saving account? do house/car loan? do credit card? or only do currency exchange?

maju country bank open every day

Kesian malayaia only have maybank,cimb and ocbc

Maju country closing branches as ppl do online banking

u spore pr? all banks there open 7 days?

Wat happen 2 digital Banking?

might as well dont post