ComBank introduces ‘e-slips’ mobile app | Sunday Observer

ComBank introduces ‘e-slips’ mobile app

10 January, 2021

Cash and cheques can now be deposited paper-free into current or savings accounts at Commercial Bank of Ceylon, following the launch of an innovative new app that generates ‘e-slips.’

This is the first app to be launched in Sri Lanka for cheque deposits, and significantly enhances customer convenience in the new normal environment, the Bank said.

The Commercial Bank e-Slip app enables customers to create electronic deposits on their smart phones in respect of cash and chequedeposits.

This app can be downloaded free of charge from the App Store or Google Play Store. The app is operable in English, Sinhala and Tamil and is compatible with both Android and iOSpowered smartphones and devices. The Bank said anyone with the app can now support its green initiative by eliminating the paper and envelopes used in the standard deposit process.

Catering to a clientele that is environment-conscious, the app also helps save time, as customers can digitally fill their e-slips on the app for cash deposits or capture an image of the cheque after crossing the reverse with the words ‘Com e-Cheque’ for cheque deposits before arriving at the Bank. Depositors can also conveniently maintain a record of all their deposits in one place on the app, without the hassle of filing the receipts of their bank slips.

After downloading the ‘ComBank e-Slips’ app users simply self-register themselves, activate their app after receiving a one-time-password (OTP), and begin their slip-less deposits. Whenever an e-slip is created the app generates a QR code which can be shown at the bank counter when the cash is handed over. After making a cheque deposit via the e-Cheque app, the customer or his agentisrequired to deposit the original cheque in a designated ‘Drop Box’ at the nearest branch within three days.

The customer’s app will be updated with the status of the cheque when the bank submits it for clearing.

The e-Slips app provides users the facility of verifying the account numbers of recipients before making deposits, and categorising each deposit according to purpose for convenient tracking and retrieval. Each completed transaction is acknowledged with an e-receipt.

Customers can only deposit one cheque per transaction via the e-Cheque app at a time, although any number of transactions can be submitted in a day, the Bank said. Cheques up to the value of Rs2 million can be deposited through the app.Customers are also required to state the purpose of the transaction in the app when depositing cheques with a value of over Rs 200,000 to a Savings Account or above Rs 500,000 to a Current Account.