First CIMBT 7-Eleven sub-branch opens
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Thai bank CIMB says it will open between 20 and 30 sub-branches inside 7-Eleven convenience stores within the next 12 months.
The CIMB 7-Eleven branches are aimed at providing extra accessibility to bank services by co-locating in areas where a full-scale bank branch is not warranted.
All of the new branches will open in the broader Metropolitan Bangkok area.
The first sub-branch opened this week, on Rama I.
Adisorn Sermchaiwong, senior executive vice-president of CIMBT’s Consumer Banking Group, says it marks the first time a Thai commercial bank has opened a sub-branch in a convenience store of any brand.
Customers can use the branch to open and close accounts, deposit cash and exchange foreign currency as well as apply for loans or leasing. Cash withdrawals will not be permitted, however, with customers invited to use co-located ATMs.
The branches will be open from 10.30am to 5.30pm daily.
“Right now our lives are greatly linked with convenience stores from the start until the end of the day, and that’s why we chose to open our sub-branch in a convenience store,” said Sermchaiwong.
Questions & Answers
Q.What services will customers be able to access at the new CIMB sub-branches?
What services will customers be able to access at the new CIMB sub-branches?
Customers can open and close accounts, deposit cash, and exchange foreign currency. They can also apply for loans or leasing services at these locations. Cash withdrawals are not permitted, but ATMs are available nearby.
Q.Why has CIMB chosen to open these new sub-branches inside 7-Eleven stores?
Why has CIMB chosen to open these new sub-branches inside 7-Eleven stores?
CIMB aims to provide increased accessibility to banking services, particularly in areas where a full-scale branch isn't justified. The bank believes convenience stores are integral to customers' daily lives, making them an ideal location.
Q.How many new CIMB sub-branches are planned, and where will they be located?
How many new CIMB sub-branches are planned, and where will they be located?
CIMB plans to open between 20 and 30 sub-branches within 7-Eleven stores over the next 12 months. All of these new locations will be situated across the broader Metropolitan Bangkok area.
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