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Cash Deposit Machine
RATIONALE
The CDM was conceptualized to'expand'the existing banking services, aimed to further improve and automate the manual, Over-The-Counter (OTC) process by providing an Automated Teller .Machine (ATM)'''capable to accept cash deposit transaction, driven by the following considerations:
- Operational Efficiency;
- Convenience Banking/CustomerService Satisfaction;
- Risk Mitigation;
- Corporate Image Enhancement; and
- Cost Savings
OBJECTIVES
The implementation of CDM aims to:
- Expedite peso cash deposit transactions as customers will no longer be joining the queue for OTC transactions, thereby, providing a fast and convenient banking experience;
- Improve customer service by having more time servicing other customers with non-cash deposit transactions;
- Eliminate the risk of accepting fraudulent peso currencies;
- Enhance corporate image by being the first government bank to provide an automated channel for cash deposit transactions; and
- Serve as alternative channel for other banking transactions that will be covered in its future upgrades.
CDM OVERVIEW
The CDM is a lobby-type machine with self-service real-time cash deposit functionality that is capable of performing the following:
- Accepts card-based and card-less cash deposit transactions for ATM accounts
- Counts and sorts bills/notes
- Verifies authenticity/detects counterfeit bills/notes
- Issues confirmation receipt for transactions
- Generates Electronic Journal for recording and balancing of transactions
- Provides facility for "Balance Inquiry"
| CDM FUNCTIONALITIES | DESCRIPTION | |
| Deposit | allows the customer to make cash deposits to a LANDBANK peso deposit account with ATM access | |
| Balance Inquiry | provides information on the ATM account's outstanding balance as of the last transaction date and the withdrawable balance on a real-time basis | |
COVERAGE
CDM deployed at the following LBP Branches and LEAF Sites:
ON-SITE
NCR | SOUTHERN LUZON | NORTHERN AND SOUTHERN LUZON | VISAYAS | MINDANAO |
Batasan | Infanta | Bontoc | Bacolod | Velez |
Camp Crame | Naga | San Fernando LU | Kalibo | Dipolog |
COA | Legazpi | Dagupan | Dumaguete | Ozamiz |
Intramuros | UPLB | Tuguegarao | Iloilo | Iligan |
LBP Plaza | Calapan | Tuguegarao Capitol | Guimaras | Pagadian |
Novaliches | Puerto Proncesa | Agoo | Tacloban Main | Koronadal |
Taft | Odiongan | Cabanatuan | Cebu Osmeña | Butuan |
Makati Business Center | San Jose Mindoro | Olongapo | Sogod | Cotabato |
|
| Iba | Catbalogan | Rosary Heights |
|
| Tarlac | Tagbilaran | Bislig |
|
| Baler |
|
|
LEAF SITES
- Pamplona-Aparri
- Pasuquin-Batac
- Anda-Dagupan
- Apayao-Aparri
- Caba-San Fernando LU
- Baggao-Tuguegarao
- Dupax-Del Sur- Solano
- Kiangan-Solano
- San Mariano-Cauayan Isabela
- Moncad-Paniqui
- San Antonio-Subic
- Sta. Ana-San Fernando
- Naic-Trece Martires
- Puerto Galera-Calapan
- Cuenca-Batangas
- Jala-Jala-Tanay
- Bongabong-Pinamalayan
- Pitogo-Gumaca
- Catanauan-Mulanay
- Alabat-Gumaca
- Pilar-Sorsogon
- Barotac-Iloilo
- Amlan-Dumaguete
- Bago-Bacolod
- Argao-Carcar
- Tanauan-Tacloban
- Sta. Margarita-Calbayog
- Pres M. Roxas-Dipolog
- Guipos-Pagadian
- Sinacaban-Ozamis
- Sulop-Digos
- Sto. Tomas-Tagum
- Monkayo-Tagum
- Matanao-Bansalan
- Esperanza-Isulan
- San Gabriel-Cauayan Isabela
- Sugbongcogon-Gingoog
- Sta. Cruz-Mamburao
- Sta. Elena-Labo
- Bindoy-Bais
- Can-Avid-Borongan
- Aroroy-Masbate
2. Succeeding deployment of CDMat selected LBP Branches shall be based on the implementation plan of the Branch Banking Sector (BBS).
| Eligible Accounts | ||
| a. The CDM shall be available for the following LANDBANK peso deposit accounts with ATM Access: | 1) SavingsAccount | |
| 2) Current Account | ||
| 3) Interest Bearing Current Account (IBCA) | ||
| 4) VISA Debit Card | ||
| b. The CDMshall not accept cash deposit transactions for - | 1) accounts with the following status: | |
| • Closed Account | ||
| • Dormant Account | ||
| • Frozen Account | ||
| • Purged Account | ||
| • Terminated Account | ||
| 2) accounts with the following Product Type: | ||
| • 606 (Branch Rank and File ATM Payroll) | ||
| • 312 (PNPPensioner) | ||
| • 323 (VISA PNPPensioner) | ||
| 3) accounts with the following tags: | ||
| • 60 - With Special Instructions (e.g., Garnished Account) | ||
| • 66 - With Legal Documents required (e.g., SPA, DTI, etc.) | ||
| • 25 - Escheat | ||
| 4) LBP Officers PayrollAccount (Branch 500 accounts) | ||
Acceptable Mode of Cash Deposit Transactions
a. Card-based transaction - cash deposit transaction that requires the use of the LBP ATM card; or
b. Card-lesstransaction - cash deposit transaction that does not require the use of the LBP ATM Card
| Note: The customer shall be required to encode the following to use this option: |
| |
| The maximum aggregate limit of cash deposit transaction, for both on-us and interbranch, shall be Php200,000 per day per account. | ||
| The CDM can accept up to two hundred (200) pieces of the following acceptable Philippine peso currency notes/bills per deposit transaction: |
|
