Al Hilal Bank unveils first ‘Money Station’
Dubai, February 20, 2012
Al Hilal Bank, a progressive Islamic bank, today launched the Middle East’s first ‘Money Station’ branch in Dubai.
Customers using the facility will be able to perform essential banking transactions from the convenience of their own cars, said a statement.
The innovative branch was inaugurated at Jumeirah Beach Road by Sheikh Majid bin Mohammed bin Rashid Al Maktoum, chairman of the Dubai Culture and Arts Authority.
The facility will provide common banking transactions such as cash withdrawals and deposits and the opening of new accounts for drive-thru patrons.
Under the ‘tube banking’ concept, customers park beside a specially-designed money station where a teller appears on-screen to attend to their request. They then insert their document, application or money – depending on the transaction – in a see-through plastic capsule included in the station. The capsule or tube is placed back on its slot where a ‘send’ button is pressed to transport the contents to the teller for processing. The tube is sent back shortly with the necessary package for the drive-thru client to collect, and inserted back to its slot after the transaction is completed.
The branch is already attracting huge interest with its promise of a unique and highly convenient banking experience that marks another Al Hilal -initiated first for the Middle East, said the statement.
“At Al Hilal Bank we always try to be distinguished through our products and services that are fresh and out-of-the-box and designed with the customer in mind. Our ‘Money Station’ branch is a first in the region and affirms our commitment to innovation and customer convenience,” said Ahmed Ateeq Al Mazroui, chairman of Al Hilal Bank.
Fully-owned by the Abu Dhabi Investment Council, the investment arm of the Government of Abu Dhabi, Al Hilal Bank has gained a reputation for introducing innovative Islamic banking services, the statement said. – TradeArabia News Service
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