Automated Teller Machine (ATM)
service
Banks
that have computerized their systems of operation are providing ATM services to
their savings and current account holders. This facility enables the customer
to perform banking transactions anytime in the day at ATMs installed outside
the bank and at key locations. Some of the banking transactions include
withdrawals up to a certain amount each day, transfer of funds between
accounts, deposit of cash or cheques, bank balance enquiry, request for cheque
books and statements of accounts. Some banks in Singapore have even extended
the ATM service to include payments of purchases and bills at participating
shops or organizations where special machines are installed. The ATM cards can
be used at these machines to authorize payment (e.g. NETS service at major
shopping complexes.)
Telebanking
As
an extension of ATM services, some banks have introduced telebanking services
to their customers. Customers can pay bills or make loan repayments to
pre-authorized corporations, check bank balances, order cheque books, request
statements of accounts through the use of their telephones. Telebanking
operates 24 hours a day anywhere via the push-button telephone linked with the
bank's computer centre. With the widespread use of such services, together with
ATM and credit card facility, a cashless and chequeless society is emerging.
Internet
Banking
Internet
banking enables the account holder to instantly search his statements; sign up
to receive free mobile text alerts; pay bills and transfer money between
accounts.
Banking
online is the convenient way to:
- Check
the account balances and transactions,
- cut
down on paperwork by stopping the postal
statements,
- pay
bills like credit cards and utility bills,
- transfer
money between your accounts or into someone else's bank account,
- set
up, change or cancel standing orders and view or cancel Direct Debits.
Night Safe facility
A
special wallet provided by the bank is inserted in to safe in the outside of
the wall of the bank to which customers are given the key. The following day
the wallet is opened by the customer or bank Clark and customer account is
credited accordingly
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