Bank At Your Doorstep – Bank Of Bhutan Introduces ‘Banking On Wheels’
Bank of Bhutan (BoB) introduced ‘banking on wheels’ on 3 Oct 2018. It travels to various areas in Thimphu on a fixed weekly schedule.
By Staff reporter | Kuensel
With the Bank of Bhutan (BoB) introducing ‘banking on wheels’ on 3 Oct 2018, people can now have easy access to basic services such as bank accounts opening, loan applications, cash deposit/withdrawal, account balance enquiries and fund transfers among others without visiting a conventional bank.
A press release from the BoB states that the service would be provided by a mobile van which travels to various areas in Thimphu on a fixed weekly schedule to provide banking services to the community in the particular area.
What the bank on wheels can do
“Banking on Wheels provides basic banking facilities from a mobile van equipped with computers and other equipment capable of providing banking services like any branch of the bank.”
BoB’s Chief Executive Officer, Pema N Nadik said that he is certain that the initiative would go a long way to increase convenience for customers by providing basic banking facilities at their doorstep, saving both time and money.
“It would benefit everyone as they need not go to the bank for their daily basic banking transactions such as withdrawal or deposit of cash. The bank will come to them instead,” said Pema N Nadik.
The press release also stated that the bank officers manning the vehicle would also help clients by creating awareness on the bank’s products and services.
“Banking on wheels is a part of the financial inclusion initiative of the bank,” it states.
This article first appeared in Kuensel and has been edited for the Bhutan Times.