Sterling Bank Plc has said it plans to increase the number of its ATMs nation- wide to 700 before the end of the year.
Currently the bank has a total of 585 ATMs across the country.

In addition, in order to ensure ease of transaction by its customers in the coming year and also to cushion the effect of the recently re-introduced charge on remote-on-us ATM transactions on its customers, the bank also said it would start the 2015 financial year with 5,000 Point of Sales (POS) terminals.

A statement from the bank at the weekend explained that the additional ATM galleries would be put in place in strategic locations nationwide while a robust infrastructure to support the expansion has also been put in place.

The bank’s Managing Director/Chief Executive Officer, Mr. Yemi Adeola said the move would support the Central Bank of Nigeria’s (CBN’s) cashless policy.
On his part, bank’s Group Head, Strategy and Communications, Mr. Shina Atilola said: “We have almost doubled our ATM count between December last year and September 2014. We started the year with 300 ATMs but aim to close the year with about 700.

“This would involve additional deployments at existing locations, partner locations and ATM galleries,” he said.
He also stressed that the public needed to know that beyond cash withdrawals, customers could confirm their account balances, do transfers (inter and intra bank), pay bills such as electricity and DSTV and buy air time at the bank’s ATMs