HSBC launches cash deposit and cheque scan machines

The machines are perfectly located to provide SME customers with greater convenience in managing bulk cash deposits and cheque deposits very close to where they do business. The machines are also easy to use and offer customers the distinct advantage of making instant deposits, without the need to queue at the counter. These machines, along with the ATM machines, provide customers with 24/7 banking and of course this means transactions are not restricted to banking hours only.

Instant cash deposit machines

These machines enable customers to deposit cash real-time, with funds credited instantly to customer accounts. They do not require customers to go through the process of completing pay-in-slips to deposit their cash, allowing them, instead, to deposit cash either via their HSBC ATM cards or simply by keying in the relevant account numbers. A maximum of 30 notes can be deposited per transaction and an average transaction takes less than two minutes to complete. The technology used for the instant cash deposit machines includes a state-of-the-art note validator module, located within the machine, which can detect and reject counterfeit, defaced and over-soiled notes.

Cheque scan machines

As with the cash deposit machines, customers using the HSBC's cheque scan machines do not need to complete pay-in-slips to deposit their cheques. Once again, transactions can be initiated by using either HSBC ATM cards or by keying in account numbers. A scanned copy of the cheque is then provided to customers as proof that the transaction has been successfully completed. Easy-to-use touch screen features facilitate the simplicity of transactions. A maximum of 30 cheques can be deposited per transaction and the cheques are guided into sorting bins, enabling them to be sorted into house cheques, outstation cheques and credit card payments for example.

Rakesh Arora, Head of Business Banking, commented, 'We will continue to remain focused on our prime objective of providing SMEs with service and delivery packages that add value to their businesses. The cash deposit and cheque scan machines will be particularly useful for customers looking to deposit cash and cheques after banking hours, rather than having to retain them in their offices overnight for deposit the next working day'.