First National Bank of Botswana (FNBB) has introduced South African Rand (ZAR) dispensing ATMs in response to appetite for the currency of Africa’s leading economy.
The foreign currency withdrawal capability is new to the bank with the widest ATM footprint in Botswana. FNBB Head of ATM Abo Kgwarae said the enhanced service offering comes as a part of FNB’s continued efforts to ensure greater convenience and access to banking services for its customers.
Kgwarae also pointed out that the Rand dispensing ATMs will allow FNB and non-FNB customers to withdraw Rands by either selecting a predefined amount or entering their own amount.
He added that customers will be able to withdraw an amount between R200 and R2, 000.00 per transaction. Kgwarae stated that the foreign exchange rate of the day will apply to every transaction.
“There is a great demand for Rands in Botswana as seen in the queues that customers experience in FOREX departments and bureau de change,“ he said.
“The Rand dispensing ATM now allows customers to make travelling decisions with ease and not to be restricted by traditional banking hours.”
He is of the view that FNBB is a very innovative bank that aims to use technology to meet and exceed customers’ expectations.
He added that the driving force behind their inventiveness is the vision for a more seamless banking experience that adds value to the customers’ lives. Currently the first two Rand dispensing ATMS are located the busy Tlokweng- Zeerust highway which is one of the busiest entry points into the country.
The other new ATM is located by the city centre upmarket CBD business area.