RBC Royal Bank Caribbean says all if it’s Automated Banking Machines are now capable of dispensing the new $100TTD polymer notes. In a press statement, the bank thanked its staff for swift execution and it’s customers for their patience.
The statement explained that RBC clients may now deposit and withdraw the new polymer banknotes at RBC ATMs and highlighted that there are no fees for clients to make deposits and withdrawals at RBC ATMs. It however said said service fees will apply to RBC clients who deposit their funds over-the-counter inside a branch.
To exchange the old banknotes for the new polymer banknotes at RBC, clients are required to first deposit their old banknotes into their accounts before they can withdraw new ones. This requirement to deposit funds into clients’ accounts is to maintain accurate records of all cash transactions in keeping with internal policies, established international best practices, as well as the regulatory requirements which RBC must adhere to as a large, global financial institution.