Saturday 18 January, 2020

FCB begins roll-out of new $100 polymer bills to branch ATMs

Photo by Darlisa Ghouralal.

Photo by Darlisa Ghouralal.

First Citizens Bank (FCB) said it has begun uploading the new polymer $100 bills to its branch ATMs.

FCB CEO Karen Darbasie told Loop News that up to Wednesday morning, four branch ATMs had been programmed and uploaded with the new polymer bills and the work is continuing throughout this week.

“As of this morning, four branch ATMs are up and running with the new notes and other ATMs should have the new bills later this week,” she said.

The four branches which were outfitted with the new polymer notes so far are the Point Fortin, Sangre Grande, Park Street and Independence Square branches.

Reports were received that crowds of people swarmed the Independence Square, Port of Spain branch on Wednesday, trying to exchange their old $100 bills for the new polymer bills, forcing security to temporarily close the doors.

Darbasie said she had not received such reports but said if the number of persons exceeded the building’s threshold capacity then safety measures would be taken.

“There are fire regulations as to how many people can be in one room at a time, so if this number was exceeded then the relevant safety protocols would have been taken,” she said.

With regard to businesses seeking to deposit their takings on the December 31 deadline, she said that the bank does have a night deposit facility available to customers.

The Central Bank said in a statement this week that anyone unable to exchange the old bills for the new polymer bills by December 31 can go to the Central Bank up to three months after the deadline, giving ‘sufficient reason’ for their inability to exchange the notes by the deadline. 

The Minister of Finance may also further extend the date in any case that he considers appropriate to do so.

Scotiabank Public and Corporate Affairs Manager, Cindy Mohammed, said the bank continues to work on upgrading their ATM machines to process and issue the new polymer bills.

Meanwhile, Republic Bank Limited said it will be extending opening hours as follows to accommodate customers wishing to exchange their old bills for new:

Non-mall branches: Monday to Thursday 8:00 am - 4:00 pm, Fridays 8:00 am – 5:00 pm (no closure during the day).

All mall branches remain the same: Monday to Friday 10:00 am - 5:00 pm.

Select branches will open on Saturdays from 9:00 am - 1:00 pm (for the remainder of December 2019):

North: Ellerslie, West Mall, Long Circular Mall, Glencoe, Diego Martin.

South/Central: South Park, Gulf City, Princes Town, Point Fortin, Centre City, Couva.

East: Arima, Valpark, Grand Bazaar, Trincity.

Tobago: Auchenskeoch.

All branches (Mall and Non-mall) will open all day on Christmas Eve (December 24, 2019) and on New Year’s Eve (December 31, 2019):

Mall hours – 10:00 am - 5:00 pm

Non-Mall hours – 8:00 am - 4:00 pm 

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