Scotiabank makes big digital upgrades to ATM services

Scotiabank will be introducing Intelligent Deposit Machines “IDMs” in the coming months which will allow its customers to make “no-envelope” deposits at ATMs.

Customers will now be able to put cash and cheques into and the machines. They will be presented with a picture of the motes deposited and upon confirmation will receive immediate credit for their deposit.

Scotiabank expects that not only will the new IDMs increase the ease of deposits for customer, it will also reduce “empty- envelope” fraud.

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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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