POSB's pop-up ATMs to accept cash in pilot run

POSB's pop-up ATMs to accept cash in pilot run

SINGAPORE - Some of POSB's pop-up automated teller machines (ATMs) will be changed to cash acceptance machines (CAMs) in a pilot run from February 11 to 22.

According to a press statement by DBS, the pop-up CAMs will be located at five community clubs at Chong Pang, Henderson, Teck Ghee, Toa Payoh West and Yew Tee. The CAMs located at Henderson and Yew Tee will be available round-the-clock, while the rest at Chong Pang, Teck Ghee and Toa Payoh West will be operational from 9am to 10pm.

Besides these pop-up CAMs, which can accept $2, $5, $10, $50, $100 and $1,000 notes, customers can also make deposits at over 270 other CAMs and SingPost branches across Singapore.

Mr Jeremy Soo, managing director and head of consumer banking group (Singapore) of DBS Bank, said: "Now that the rush for new notes has passed, we see an opportunity to pilot the conversion of some of the pop-up ATMs into pop-up CAMs.

"Our aim is to ensure these machines stay relevant and useful to the communities during their time at the community clubs, while also providing customers with more innovative and convenient options to help meet their banking needs."

On January 20, the bank launched the POSB pop-up ATMs at 12 community clubs in Bedok, Chong Pang, Ci Yuan, Clementi, Henderson, Jurong Spring, Marine Parade, Tampines Changkat, Teck Ghee, Toa Payoh West, Woodlands and Yew Tee.

stephluo@sph.com.sg

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