Ensuring cash provision and safety of ATM system for Tet holiday

Wednesday, 15/01/2020, 16:57 [GMT+7]

Ensuring cash provision and safety of ATM system for Tet holiday

The demand for cash on the occasion of lunar new year festival always increases sharply. Commercial banks in the province have prepared a large amount of cash to satisfy the demand this lunar new year festival (Tet holiday).
 
Making sure for ATM operation
 
On Tet holiday, cash demand often increases by 7-8 times higher than normal, said Mr. Ly Van Tuyen - Deputy Director of Khanh Hoa Branch of Vietcombank. In order to ensure cash supply, the branch have estimated and prepared the cash needed. In order to ensure the operation of the ATM system, the bank branch has the professional security guards on duty 24 hours a day, officers and staff on duty at the branch and all transaction offices for cash supplying and technical handling. In order to reduce cash withdrawal at ATMs, branches the branch has intensified propagating non-cash payment.
 
Mr. Bui Hoa Thinh - Head of Planning – Finance of  BIDV - Khanh Hoa Branch affirmed that, on the upcoming Lunar New Year, the branch ensures to provide sufficient cash to meet customers' cash withdrawal needs and ATMs to operate well during the upcoming lunar new year festival. In order to ensure smooth transactions at ATMs, BIDV Khanh Hoa Branch will frequently check the cash ammount at ATMs in order to have a plan to add them in time, preparing enough cash for ATMs. The branch will set up staff to check and supervise ATMs regularly, monitor cameras 24/7 to ensure the ATM system of the branch secure, safe and smooth during the Tet holiday.
 

 

Withdrawing cash from Vietcombank's ATM
Withdrawing cash from Vietcombank's ATM
 
 
Sufficient provisions for cash 
 
In recent years, commercial banks have been actively investing and developing card payment networks to serve customers' payment needs. Currently, the whole province has more than 340 ATMs, the total number of cards still valid for circulation is more than 1,036,440 cards. 2,602 agencies, organizations and businesses have paid salary through accounts for 206,544 employees. However, due to the habit of using cash is still big, especially on the occasion of Tet holiday. The demand for cash withdrawal via ATMs often sharply increases.
 
According to Mr. Nguyen Hoai Chieu - Director of the Khanh Hoa Branch’s State Bank, in the last months of the year, especially in the lunar new year festival, the demand for cash of organizations, businesses and individuals always sees sharp increase. It serves in production, business and salary and bonus payment for laborers. Therefore, the amount of cash withdrawn from banks is very large. Therefore, Khanh Hoa Branch of the State Bank has directed branches of credit institutions in the province to proactively balance sources to promptly meet the demand for loans for goods production and trading, partly stabilize the market; to ensure payment and the cash needs for all economic sectors; to ensure safe and smooth operation of ATMs and POS devices. In addition, the Khanh Hoa Branch of the State Bank also plans to regulate and provide cash to meet the needs of people and businesses.
 
Banks have affirmed that they will ensure the ATM systems to operate smoothly durin the year-end time, especially on the lunar new year. However, in fact, sometimes some ATMs still meet problems. Therefore, banks need to monitor and repair them early to ensure the best services for the people.
 
Nam Du
 
Translated by T.T