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MIB unveils new US Dollar ATM

Mohamed Rehan
23 March 2023, MVT 15:18
MIB installs its first US Dollar ATM-- Photo: Nishan Ali | Mihaaru
Mohamed Rehan
23 March 2023, MVT 15:18

The Maldives Islamic Bank (MIB) has introduced its first US Dollar ATM.

The new machine is located at the bank’s ATM Center on Orchid Magu, next to the existing Maldivian Rufiyaa ATM.

Customers with US Dollar accounts opened with the bank can now deposit and withdraw cash at the newly installed ATM, according to MIB.

MIB's Dollar ATM service is available 24 hours a day. Customers can make daily withdrawals up to USD 1,000 and monthly withdrawals up to USD 5,000 and deposits up to USD 12,000 per day.

MIB Platinum Card holders can currently withdraw cash from ATMs, but the bank has stated that cash cards are not required to deposit US Dollars. In addition, MIB provides cardless deposit services at its Maldivian Rufiyaa ATMs.

Besides Malé City, MIB provides its banking services in Vilimalé, Hulhumalé, Thilafushi, the southernmost Addu City, Fuvahmulah City, Gaafu Dhaalu Thinadhoo, Maldives' northernmost city Kulhudhuffushi, and Baa atoll Eydhafushi.

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