New Friday banking hours annouced by Bankers Assn

By Bankers Association

bankers-ass

PRESS RELEASE – The Bankers Association of Saint Lucia announces new banking hours for Friday banking. The new banking hours on Fridays, approved by the Eastern Caribbean Central Bank, will be from 8:00 a.m. to 4:00 p.m.

This change in hours of operation which takes effect from Friday 7th October 2016, represents the harmonization of banking hours in territories across the Eastern Caribbean Currency Union (ECCU).

From this effective date all member banks in Saint Lucia will share similar operating hours as the rest of the ECCU banks. Banking hours from Monday to Thursday however, remain the same.

Customers are encouraged to continue to utilize the alternative convenient banking services inclusive of online banking, mobile banking, automated teller machines (ATMs) and debit and credit card services offered by all member banks.

Employers are encouraged to sign up for electronic payroll products to eliminate the need for employees coming into the banks to cash cheques. Funds will be placed directly on employees’ accounts which can then be accessed via debit card at ATMs and Point of Sale terminals. Please contact your bank for further details on the available services.

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8 comments

  1. Most construction workers get paid and rush to the banks on Friday afternoons, taking an hour off the construction site so now I think this makes no sense to me. Why change what has been working for so long, the bankers associations could not think of anything better to come up with?

    (0)(0)
  2. PAPPYSHOW IS THE SUNDAY LAW COMMENT ,RESEARCH THE WILL OF EGWHITE AND HOW MONEY DRIVEN SHE WAS.

    (1)(0)
  3. PAPPYSHOW IS THE SUNDAY LAW COMMENT ,RESEARCH THE WILL OF EGWHITE AND HOW MONEY DRIVEN SHE WAS

    (0)(0)
  4. DO NOT BE SO SIMPLISTIC, SUNDAY LAW, PUT DOWN THAT PHILOSOPHY AND WIPE THAT BRAIN WASH SDA PROCESS OUT YOUR MIND. RESEARCH THE WILL OF EG WHITE, DRIVEN BY MONEY AND GREED.

    (0)(0)
  5. This might even mean that the more technologically convenient it becomes, there will be no need for so many tellers and many might lose their jobs if they don't climb the ladder fast.

    Also, they are trying their best to move into a cashless system so that we would not have the cause to deposit or withdraw cash. All transactions will be done virtually. Then it will be mandatory to use these methods to buy and sell. These are the first steps in passing the Sunday law.

    (1)(1)
  6. A large number of customers do not trust these methods recommended, particularly those folks that are not familiar to these methods. Such attract a lot of fraudsters and lots of people might fall victim to such elements both within and outside of the banking sector. I think the banks should be looking to extend their hours rather than shortening them.

    (5)(0)
  7. Whatever the explanations or excuses, it seems that everything the banks have done towards their customers in St Lucia over the past few years can be summarized in 4 words: "Provide less. Charge more".

    (21)(0)
  8. this is a very poor business decision. banks are already closing way too early four days a week. now they cut back on the friday. this is nonsense. not all lucians use debit cards and some of our population are not exactly literate and for others we do need to be in the bank after our own work hours. typical st lucians not willing to day a full days work. its especially so at the banks. many are too lazy to serve the public they are ripping off. people should just turn to credit unions instead. lazy people with no business sense running our finances.

    (23)(0)
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