Sample Letter to a Bank Offering your Shop Room Space for Installing the Bank's ATM


You have a shop space to let out. You want to let it out to a bank for placing their ATM. Are you confused or do not know how to write a letter to a bank offering your shop room space for installing the bank's ATM? Then this article will be the lead and guide for you for the first step approach.

ATM- Automatic Teller Machine


Automatic Teller machines(ATMs) are now popular especially with the new generation salaried class youth. ATMs are automated cash dispensing machines whereby a bank account holder can withdraw cash from the balance in his account with a bank, at any time on any day. Hence they were advertised initially as Any Time Money.
ATMs are two types_ On-site and Off-site. On-site ATMS are those installed within the bank's premises. Off-site ATMs are those installed outside and away from the bank premises.
Some ATMs combine cash deposit functions also.

ATMs - a business opportunity for commercial space owners


ATMs became a much-debated subject in India during the current situation after demonetisation. One point discussed was the insufficient number of ATMs and the coverage of population per ATM. Hence it is going to be an immediate sequential result that banks will be planning to install ATM sin places where they are not installed already or even increase the number of ATMs at a place.

As banks will be opening more and more Off-site ATMs, they need suitable space for installing them. Hence there will be a business opportunity for those who own or construct such commercial spaces.

Important criteria of premises to install ATM


The place where an ATM is to be installed should have smooth access, privacy and safety, parking facility, commercial importance and utilities which will make people use the ATM, holding prospects for further increase of bank's business etc.

How to approach a bank offering your commercial space for installing ATM


In commercial dealings and transactions, there is necessity of records and documents. Basically, there will be an offer from one side and an acceptance (or rejection) from the other side.

Your letter should highlight the suitability of your premises for placing the ATM and satisfy the bank's parameters. Here is a sample of such a letter from the owner of a commercial space to a bank for installing an ATM:

Sample letter to a bank offering your shop room space for installing the bank's ATM





From
(Name and address of sender)

To
The Regional Manager
(Name of the Bank)
.......Region.

(Through)
Branch Manager
(Name of the Bank)
(Place)

Sir,
Installation of your bank Off-site ATM at... (Name of the place/town): Offer of space

This has reference to the report of the press meet conducted by the Chairman and Managing Director of your esteemed bank yesterday at Chennai. In the announcement your Chairman had proposed about your bank's plan to open 100 ATMs this financial year itself mainly in small towns. The list of towns where the ATMs are to be opened includes this(above mentioned) town also. As a resident of this town I welcome that and will be happy to see your bank ATM becoming functional here at the earliest.

I have a shop room space recently constructed lying vacant at a very prominent and vantage location in this town and I am happy to offer it to your bank for installing and opening your bank ATM.

The shop room space has almost all the factors advantageous to open an ATM.

Location: It is located at a popular commercial area and on the way to the main tri-junction. However, it does not have the congestion usually associated with such sites.

Access and approach: The site is easily accessible and approachable from the road and is safely distant from the moving traffic.

Parking: There is ample space near the site for parking of about five four-wheelers and twenty-two wheelers at the same time.

Safety: As the area is having other commercial establishments in the area and nearby the site is having general safety and watchful guise. The town police station is also just half a kilometre away only.

Footfall and optimum use: As mentioned here before, the area is of commercial importance. There is a predominantly residential area on the hind side of the main road and people have to pass by this area for their most matters. The nearest ATM is beyond the tri-junction which is in a congested area. Hence there will be sufficient footfall and use of ATM.

Infrastructure: As it is a commercial area, the basic facilities of power, internet, and telephone are all readily available.
I am sure that space will be properly suitable to install your bank ATM and will help in furthering your service and business.

Terms of compensation: Though I expect a suitable compensation base on the prevailing rates and terms, I would be ready for negotiation as I consider it a privilege and goodwill also to have your bank's ATM service at my place.

I request that an authorized official of the bank may visit the site and satisfy the criteria. Once you are satisfied, I shall submit the formal offer in the prescribed format with necessary documents.

Thanking you
Yours faithfully

(Signature)


Place& Date :


Contact phone No:
E amil Id:

Copy to Branch Manager


Related Articles

How an ATM (automated teller machine) Works?

In this article, I will discuss about the working of an automated teller machines (ATM). Whenever we are out of money, we look for ATM counters. In the ATM counter, we insert our ATM cards, and then we are out of there in minutes, with the money that we needed in our wallet. Have you ever wondered about the working of these wonderful machines, that we uses a lot in our daily life? Go through this article to know more about the working of automated teller machines.

How the Gramin Banks are bringing about a change in our villages?

Whereas the Gramin Banks have proved to be a blessing for the prosperity of our villages, it also has emerged as a lucky mascots for the Gramin Banks as well. It is both way traffic. The farmers of villages have stood as strong bulwarks for the Banks. A prosperous farmer means a prosperous Bank. This article attempts to explain just how this has been made possible.

What are the Performance Measures in ATM?

Performance measures are very necessary in the of ATM switches that are used to connect various ATM end systems and through them the routing of the user cells is possible. These performance issues characterize an ATM Switch. This post enlightens such performance measures for ATM Switch Design.

More articles: ATM Bank

Comments

No responses found. Be the first to comment...


  • Do not include your name, "with regards" etc in the comment. Write detailed comment, relevant to the topic.
  • No HTML formatting and links to other web sites are allowed.
  • This is a strictly moderated site. Absolutely no spam allowed.
  • Name:
    Email: