TIRANA, August 16 /ATA/ There is a growing interest among Albanians in depositing cash automatically in automated teller machines, ATMs, without having to wait in line and perform these actions in the bank counters where they have their accounts.
Statistics of the Bank of Albania show that the use of cash deposits at ATM cashpoints is growing rapidly. During the 6th month of 2022, the average value of ATM deposits was about ALL 2.26 billion. The monthly volume of ATM deposits has increased by 36% compared to last year. While the number of transactions (deposits) reaches an average of 43 thousand ATM deposits every month, with a 9% increase compared to the average of 2021.
At the end of June, the number of ATM devices enabling cash deposits reached 289, or about 35% of ATMs in the banking sector also enable cash deposits.
Moving these actions to automatic ATM cashpoints is a great convenience for banks and customers, because it saves time and creates spaces for the counters to be used only for those services that cannot be performed in an automated way.
Statistics show that, in average terms, cash deposits in ATMs account for about 16% of the amount of cash withdrawals from them. Cash deposits at ATMs can be made mainly in current accounts connected to a bank card, while deposits in time deposits or savings accounts must still be made at the counters. However, the further digitization and automation of banking services is expected to expand the spectrum of payments that can be made automatically at ATMs.
The more massive use of these channels would limit the outflow of physical money from the banking system./j.p/r.e/p.s./
