Manulife Bank to Add More Than 800 Automated Banking Machines Across Canada
06 Jul, 2015, 08:00 ET
- ABMs will be installed in Mac's, Couche-Tard and Circle K locations across Canada
- 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 manulife.com
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
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