Currently according to the report by the Central Bank of the UAE there are 5,279 Cash Deposit Machines (CDM) also known as Automated Teller Machines (ATM) operating in the country. This machines are distributed well around the country. They can be found in hotels, resorts, airports and malls.
Their utility in facilitating transactions and avoiding the hustle of going to the conventional banks can not be contested. Though CDMs in the UAE typically have daily withdrawal limit of AED 10,000 most international ATM cards can be used in the country.
The UAE in an attempt to outdo its already admirable accomplishments launched talking CDMs that can provide service to the blind and visually impaired in 2018. Those CDMs could also be operated by wheelchair-bound persons.
Yosief K. Afewerki
Financial Consultant
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