AUB says cash deposits made easy for business customers

TDT | Manama

AUB said it’s now offering its Deposit Card to businesses in a bid to simplifying banking transactions. Businesses, AUB said, can now deposit cash directly into the company’s account without the need to wait for branch opening or closing hours through a company representative with AUB’s deposit card. “This can be done by visiting one of the selected AUB ATMs and deposit cash for real-time credit.”

As a security measure, AUB’s deposit card will only be enabled with the deposit function so the cardholder can only be able to deposit cash without the option to see the balance. The non-individual customer subscribed to SMS Alerts will receive an alert with up to date information of the cash deposit transactions.

“This empowers businesses to deposit cash 24x7 without the need to wait for the next working day or visit a branch,” AUB added. To accommodate large cash deposits of up to 120 notes in a single transaction, AUB said it maintains bulk cash machines at its Seef Headquarters branch. “There is no cap on the daily number of transactions at the bulk cash machine.”