Upon completion of installation, the bank’s customers can use the CINEO 4080 cash recycling systems to deposit or withdraw cash, as well as conduct many other kinds of transactions.

Rollout of the systems, which are equipped with passbook processing and cash/check deposit modules, has already started and will be completed in April 2012.

Following installation, Wincor Nixdorf will maintain the systems for a period of three years.

Montepio Bank administrator Rui Gomes do Amaral said that ATMs are an important customer delivery channel in Portugal and the company opted for Wincor Nixdorf because its solution meets its numerous requirements and offers its customers a broad portfolio of services.

Montepio Bank has over 500,000 members and after acquiring Finibanco in 2010, it now has over 470 branches.