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UT BANK introduces 'BANK ON WHEELS’ service
Posted on: 17-Apr-2013         Source: GNA
The management of UT Bank on Wednesday unveiled its new innovation in banking dubbed, “UT Bank on Wheels” to its shareholders at the Bank’s 2013 Annual General meeting in Accra.

The service which will be the first of its kind in the banking industry in Ghana is a mobile branch equipped with modern communication and technology systems to offer real time online banking services to the general public with convenience.

The Mobile Bank dubbed “UT Bank on Wheels”, will provide full banking services including Cash Payments and withdrawals, opening of Current Accounts and Savings Accounts, International Money Transfers, Foreign cash deposits and withdrawals, Ezwich, ATM and other retail banking services.

Mrs Pearl Esua-Mensah, Deputy Managing Director of UT Bank said the innovation was in line with the Bank’s vision of Redefining Banking and bringing banking services to the doorstep of the people.

Statistics indicate that the banking industry caters for about 34-38 per cent of the bankable population, leaving about 66 per cent unbanked.

“The essence of the implementation of 'UT Bank on Wheels' is to effectively and efficiently reach out to this segment of the bankable population by taking banking to their doorstep”, she said.

Mrs. Esua-Mensah said the Van would provide convenience, reduce turnaround time, accessibility and security for the markets, secondary and tertiary institutions.

“Customers do not have to leave their shops/ businesses for a long period of time to conduct business in brick and mortar branches, the 'Bank on Wheels' enables them to conduct their transactions close to their business," she added.

Key features of the Mobile Branch include an (NCR) Automated Teller Machine, two teller service points, a customer service area, state-of-the-art telecommunication system, a television for screening the bank’s messages and the ability to offer service from remote locations.

The mobile branch is also equipped with a number of safety features to ensure customers go about their business in a safe and secure environment.

The Van will later be deployed to the public following approval from the Bank of Ghana.