Connect with us



By Joel Mugabi

Leading commercial bank dfcu has announced a new enhancement to its digital services, with the introduction of Cardless Deposit Functionalities across the country. The new service, which is part of its umbrella campaign dubbed ‘Banking at the Speed of U!’ both dfcu and non-dfcu customers will be able to make free cash deposits into any dfcu Bank account using dfcu ATMs countrywide.

The development follows the Bank’s recent replacement of its ATM fleet with new Smart ATM recyclers, which in addition to cash withdrawals and statement provisions, accept card and cardless deposits from customers.

Faridah Nalubega, Manager Cards and Money Transfers at dfcu Bank, said the ATM deposit functionality is a welcome addition to the Bank’s portfolio of services and products whose value lies in making banking easy, fast, and safe for customers.

“We believe that everyone who has already adopted the use of Mobile Wallets or Cashless transactions is going to embrace our new service. Whether you are the customer that must make an urgent deposit, or you are deliberately trying to minimize time spent in banking hall queues, the Cardless Functionality will serve you well,” Nalubega said.

“These 24/7 Cardless Deposits will provide our customers with the option to bank their money in a way that is fast, simple and offers safety because of the security features available at our ATM points. Whether or not one banks with dfcu, they will be able to make deposits to any of our accounts at all hours, at over 60 ATMS.”

Head Alternative Channels at dfcu Bank Lloyd Jonathan Busuulwa noted that the enhancement reinforces the Bank’s commitment to offering banking solutions that fit into the lives of its customers.

“With our new campaign, ‘Banking at the Speed of U!’ we made a commitment to our clients; to be a bank that understands and meets their needs in a world that is transforming continuously. With the countywide introduction of Cardless ATM Deposits, we are keeping that promise by offering convenience that doesn’t have a timeout,” said Busuulwa.

“It is our hope that customers will embrace this technological stride and be part of our exciting future which will have even more advancements.”

The implementation of dfcu Bank’s Digital Strategy has been quickened by the outbreak and continued impact of the Coronavirus pandemic, which has changed the way that communities, nations and companies operate.

At the recently concluded dfcu Limited Annual General Meeting, dfcu CEO Mathias Katamba restated the institution’s commitment to the safety of its staff, customers, partners and communities through, among other things, the digitization of its internal and customer-serving processes.

Under ‘Banking at the speed of U!’ dfcu has promised to deliver a range of products and services that will live up to that commitment and place the commercial bank on the path to becoming a next-generation bank. (For comments on this story, call, text or whatsapp us on 0705579994, 0779411734, 0200900416 or email us at





Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in NEWS