The first automated teller machine to dispense foreign currencies on Vancouver Island is up and running at Island Savings' Duncan Centre branch.
The ATM rolls out U.S. dollars, Mexican pesos, euros and British pounds and is only the third in use in the province after a pair of Thomas Cook Travel offices on the Lower Mainland. It works like a standard ATM and requires a debit card. The credit union charges $1.50 per transaction and programs foreign exchange rates at the start of each day. The service is available to members and non-members of the credit union.
"One of the things we notice with our members - especially during the busy holiday travel season - is that exchanging the currency they need for their trip is the last thing they do," said Randy Bertsch, chief operating officer for Island Savings. "We often help panicked members at 5 p.m. on a Friday, as they race to leave town and get to the airport or ferry. We wanted to find a convenient solution for them that doesn't involve line-ups and is available 24 hours a day, seven days a week."
Island Savings will be installing a second foreign currency ATM at its new Victoria Jubilee location at Fort and Foul Bay, which will be open in the spring.
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