Home Personal Finance SBS’s ATM cash deposits enhance convenience
Personal Finance

SBS’s ATM cash deposits enhance convenience

Share
Using an ATM for deposits can be a safer way to handle cash than carrying it around for extended periods. (Pic: Courtesy)
Share

One of the conveniences that the Swaziland Building Society (SBS) brings to its customers is the ability to deposit cash at an automated teller machine (ATM) 24/7, including Sundays and holidays. Cash deposit ATMs offer convenience to customers by lessening the need to access a branch as well as being able to perform banking transactions even when branches are closed.

Our ATMs enable customers to perform financial transactions, such as cash withdrawals (both card and cardless), cash deposits, funds transfers, mini-statement and balance enquiries, at any time and without the need for direct interaction with bank staff.

Customers insert their ATM cards into the ATM card slot, with authentication being facilitated by the customer entering a secret personal identification number (PIN).

For SBS customers, making a cash deposit at an ATM offers several key benefits, including:

Convenience, accessibility:

ATMs provide customers with the ability to deposit cash outside of normal banking hours and without having to visit a branch. This is particularly useful for those who work late or have busy schedules.

Cost-effectiveness:

In line with Central Bank of Eswatini (CBE) Guideline on Banking Practice, cash deposits made at SBS ATMs are free of charge.

Time-saving:

Depositing cash at an ATM can be a quicker process than waiting in a queue at a bank branch.

Security:

Using an ATM for deposits can be a safer way to handle cash than carrying it around for extended periods.

SBS Manager Digital Channels, Sandile Langa explained how you can maximise your time and skip the bank queue by depositing cash at any SBS Cash Deposit ATM near you. SBS customers can also withdraw money safely from their SBS ePocket Account at any of the SBS ATMs.

There are 26 cash deposit ATMs distributed countrywide. Branches are located in Mbabane at Asakhe, Swazi Plaza, Manzini, Ezulwini, Matsapha, Nhlangano, Siteki, Pigg’s Peak, Buhleni and Matata at Big Bend. Additionally, we have a micro branch at Ngwane Park, which is meant to cater for the local KaShali community plus a digital branch at the Matsapha Lifestyle Centre.

“When making a deposit, simply arrange and place cash on the cash deposit slot, and the ATM does the rest.” Langa added.

Share
Written by
Vumile Mavimbela

Vumile is the Sections and Supplemental Editor, dedicated to creating content that informs, inspires and delivers value to both readers and clients. Overseeing the Food and Lifestyle, Technology Today, Health and Beauty, Church Services, Education and Training, Jobs on Tuesday, and Personal Finance sections, Vumile is passionate about telling stories that educate, celebrate local success and connect audiences with opportunities that matter.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

MaMkhize’s Bull faces police test

MBABANE – Shauwn ‘MaMkhize’ Mkhize’s Mbabane Highlanders AM face their sternest MTN Premier League test yet when they meet Royal Leopard at Mayaluka...

Eswatini’s fastest lady honoured at TUT sports awards

MBABANE – Eswatini's fastest lady Bongiwe 'Smolly' Mahlalela has been crowned Sportswoman of the Year at the prestigious Tshwane University of Technology Sports...

Standard Bank brings back Instant Money

MBABANE - Standard Bank Eswatini is bringing back its Instant Money service, four years after replacing it with Unayo, with customers now being...

Eswatini now imports building blocks

MBABANE – The construction industry and the entire economy of the country are under siege. It has emerged that Eswatini has been importing...

FNB demands over E14 million from two ex-employees

MBABANE – First National Bank (FNB) has instituted High Court proceedings against two of its former employees, seeking more than E14 million in...

Related Articles

Do you need loan to scale up?

The busiest months of the year are closer than they feel. The...

Next of kin: Who really gets the call?

There can be confusion around the phrase ‘next of kin’, with many...

Should you take that debt consolidation loan?

Imagine waking up on the first day of the month to find...

Prepare financially for life after retirement

The University of Eswatini Consultancy and Training Centre in collaboration with Tive...