Stanbic Bank Rolls Out First Solar Powered Offsite ATMs

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Stanbic Bank has rolled out the first solar-powered offsite ATMs in the country to provide a consistent, cost-effective alternative for running ATMs during theunending power outages.

The bank disclosed that eight ATMs have been installed so far at Yendi, Atomic Goil, Sakumono Shell, Ashaley Botwe, Tesano Total, Ga Mantse Total and Tsui Bleoo, adding that by the end of September 2015, the bank intends to install about 20 more in very high traffic areas and those that experience frequent power outages.

According to Head of Customer Channels, Stanbic Bank, Farihan Alhassan, this will come as a relief to those who rely on ATMs rather than traditional banks to make financial transactions.

“As a customer-conscious bank, we definitely need to make sure that clients can readily access their money whenever they want. We want to prevent the inconvenience caused to clients when ATMs are completely down because there’s no power,” he added.

The solar-powered ATMs will also help sustain the environment while reducing pressure on the national grid.

“The generator sets that are powering our various branches emit a lot of toxins, and that is certainly not good for the environment,” ATM Manager, Stanbic Bank Hendrix Glover said.

He maintained that it is in the interest of society that the bank tries to use renewable sources of energy that have a negligible effect on the environment.

Power to each ATM is provided by up to sixteen panels, feeding a system that includes a battery-bank, air-conditioners and CCTV cameras. Valued at US$17,000, the solar-powered ATMs come with over 20 years warranty and have the capacity to produce between three and five kilowatts. During its lifespan, the solar-powered ATMs are estimated to save the bank some GHc36,000 in energy cost annually.

“We spend about GH ¢ 3,000 each every month on electricity and fuelling generator sets for each site,” Hendrix said.

“So this off-grid solution, expensive as it may seem in the short-term, saves us a lot of money in the long-term.”

The installation of solar-powered ATMs is in line with Stanbic Bank’s commitment to promoting positive environmental practices. Over the years, the bank has undertaken green initiatives such the donation of solar-powered lanterns worth GH ¢ 420,000 to students in deprived communities of the Brong Ahafo, Northern, Upper-West, Upper-East and Western Regions

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