Rural banks get go-signal to invest in ATMs

Source: Wikipedia

Rural banks can now invest in automated teller machines (ATMs) in a move that would increase the network of smaller banks in the provinces, the Bangko Sentral ng Pilipinas (BSP) said over the weekend.

I am a fan of rural banks because they give high interest rates for savings while they are also covered with deposit insurance. It won’t be long enough when I get an ATM card with my rural bank savings account.

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