Gulf Bank is making business banking for its corporate customers easier with the introduction of a special 'Deposit Only' ATM card which promises round-the-clock banking convenience for Kuwaiti companies in the future.

The new innovative card will allow businesses to assign specific individuals to use the card, thus enabling them to deposit cheques and cash 24 hours a day, seven days a week through a selection of Gulf Bank’s large ATM branch network, said a bank official.

"In the fast-paced business world of today, the new 'Deposit Only' ATM card will allow companies to deposit funds at the earliest opportunity in a secure manner using cards with dedicated PIN numbers and associated security features."

To ensure security and confidentiality, staff authorised to deposit cash and cheques will not have access to cardholder account’s information, and they are not authorised to sign.

A receipt for each deposit with the time and date will be provided, without showing the balance.

Gulf Bank’s general manager for retail banking and GM Support, Nazem Alqana’e said. "This innovative and convenient business tool is the latest step we have made to help our business banking customers more efficiently manage their business."

"We believe that giving them the opportunity to make deposits 24 hours a day, seven days a week will be more opportune for them and offer the flexibility that a modern commercial business requires from its banking partner," Alqana'e added.-TradeArabia News Service