ABMs will be installed in Mac's, Couche-Tard and Circle K locations
Expanded ABM network will provide Manulife Bank customers with greater
access to financial services and surcharge-free withdrawals
4.5 Million customers of Exchange Network members can also use Manulife
Bank ABMs without additional fees.
WATERLOO, ON, July 6, 2015 /CNW/ - Manulife Bank today announced the
planned installation of approximately 830 automated banking machines
(ABMs) in select Mac's, Couche-Tard and Circle K locations across
Canada to help customers better meet their day-to-day banking needs.
Manulife Bank will add ABMs in British Columbia, the Northwest
Territories, Alberta, Saskatchewan, Manitoba, Ontario, Quebec,
Newfoundland and New Brunswick. The machines will be managed by Stanley
Security, a global provider of security products and services with a
specialty in financial solutions, which is delivering comprehensive
monitoring and management of the ABM networks. The ABM deployment is
expected to be complete by the end of September.
The transaction is a part of Manulife Bank's focus on helping customers
access banking services however and whenever they like.
"Our customers have asked for greater access to ABM services," said Rick
Lunny, President and Chief Executive Officer, Manulife Bank of Canada.
"This is all about offering convenient banking near where our customers
live and work."
In addition to offering greater access to Manulife Bank customers, the
new ABMs will be a part of The EXCHANGE® Network, a network of banks
and credit unions that provide surcharge-free deposits and withdrawals
to members' customers at more than 3,300 locations.
"We are thrilled with the addition of Manulife Bank's ABMs to THE
EXCHANGE® Network," said Andrew Obee, President & CEO of FICANEX
Services, which runs the network. "This increases our surcharge-free
ABM fleet to over 3,300 coast to coast, making it one of the largest
ABM networks in the country and further promoting anytime, anywhere
access to surcharge-free cash to Canadian cardholders."
Cardholders at most other major financial institutions will also be able
to use the ABMs at standard network rates.
To find the Manulife Bank ABM nearest you, visit http://www.manulifebank.ca. The ABM locator will be updated as additional ABMs are deployed.
About Manulife Bank
Established in 1993, Manulife Bank was the first federally regulated
bank opened by an insurance company in Canada. It is a Schedule l
federally chartered bank and a wholly-owned subsidiary of Manulife. As
Canada's first advisor-based bank, it has successfully grown to more
than $22 billion in assets and serves clients across Canada.
Manulife is a leading Canada-based financial services group with
principal operations in Asia, Canada and the United States. We operate
as John Hancock in the U.S. and as Manulife in other parts of the
world. We provide strong, reliable, trustworthy and forward-thinking
solutions for our customers' significant financial decisions. Our
international network of employees, agents and distribution partners
offers financial protection and wealth management products and services
to millions of clients. We also provide asset management services to
institutional customers. Assets under management by Manulife and its
subsidiaries were approximately C$821 billion (US$648 billion) as at
March 31, 2015.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife can be found on the Internet at
About The EXCHANGE® Network
THE EXCHANGE® Network provides the largest surcharge-free, full
function, inter-institution ATM Network in Canada to over 180 credit
unions and banks serving over 4.5 million cardholders. With
surcharge-free access to deposits, withdrawals, transfers and PIN
changes at thousands of ATMs coast to coast, THE EXCHANGE® Network
saves Canadian cardholders millions of dollars each year in needless
ATM surcharges and enables its members to offer their customers
unsurpassed access to their cash.
About STANLEY Security
STANLEY Security, a business division of Stanley Black & Decker (SWK), is a provider of integrated security solutions defining the future of
the security industry. STANLEY delivers a comprehensive suite of
security products and software with a strong emphasis on service.
STANLEY is powered by a culture of continuous innovation and learning,
providing revolutionary technology and unmatched customer service to
commercial, institutional and industrial businesses and organizations.
We focus on complete customer transparency and operational excellence
in the five customer touch points: account management, installation,
service, monitoring and billing. STANLEY takes pride in our signature
approach to doing business - offering global resources, with a local
touch. See http://www.stanleysecurity.com for more information.
SOURCE Manulife Financial Corporation
For further information:
Sean B. Pasternak