Posted: 3 years ago

Currency Conversion at ATMs – Liberty’s Cash-in ATMs Introduce Innovative Service

Cash-In ATM enables Liberty Bank’s clients to use both standardized ATM functional, place money onto their accounts any time, and convert the currency of around GEL 30,000 24/7.

This innovative service enables a reduction of visits to the bank’s service centers or currency exchange booths and clients are able to convert currency at competitive exchange rates at any time. Currency conversion through ATMs is a very simple procedure – after the card authorization, you should just select a corresponding button from the menu and place desirable currency notes at ATM. Clients can place a great number of notes into ATMs – 300 notes. Cash-in ATM carries out the money calculation operation and offers a special beneficial exchange rate to the consumer.

The services for placing the converted money onto the account or immediately withdrawal in several seconds are free of charge. Cash-in ATM’s provide diverse functions: money can be placed on both retail and corporate accounts within the limit of around GEL 30,000.

Cash withdrawal is available by both card and the Apply Pay platform. ‘Amid the pandemic, the development of alternative self-service products became of crucial importance. This service reduces the necessity of visiting the bank’s service centers. Therefore, Liberty Bank will further accelerate the digital transformation process. Innovative services integrated into the Cash-in ATM network create additional opportunities for our clients.

The beneficial special exchange rate offers competition of the exchange rates of both commercial banks and currency exchange booths. Money on the card account is managed simply via the internet or mobile banking”, Giorgi Makaridze, the retail banking service director noted. At this stage, Liberty Bank’s network includes around 30 Cash/Cash-pout ATMs.