State banks to share teller machines

by Shirajiv SIRIMANE

Three State banks are hoping to come to an understanding to share their electronic teller machines.

At present if a customer withdraws cash from a teller machine of another bank a fee is imposed on each transaction. Chief Executive Officer, People’s Bank, P. V. Pathirana told the Sunday Observer that they are holding discussions with the other two State banks, Bank of Ceylon and the National Savings Bank to waive this fee.

“This will also help customers to have a better reach to their credit as they could have more teller machines to do transactions,” he said. He said that a common card for teller machines would be beneficial especially in rural areas and the North and the East. He said that the banks are now studying this proposal and exploring its technicalities.