In addition to the new USD ATM, BML has expanded its services at the Maafushi Branch to offer a comprehensive range of banking solutions, providing the island with the much expanded financial development that it needs.
BML
The Bank of Maldives (BML) has launched a groundbreaking service on the 10th of June 2024, by installing its first USD ATM in K. Maafushi, a significant development for both residents and the thriving tourism industry of the island. This new facility, located at the Maafushi Branch, will allow individuals and businesses to conveniently withdraw and deposit USD, making it the first of its kind outside Malé City. The initiative extends BML's existing ATM network, which includes locations in Malé, Hulhumalé, and Velana International Airport.
We are delighted to introduce the first USD ATM in Maafushi to cater to the growing need for USD deposits and withdrawals on the island. The Maafushi economy is thriving, and as the nation’s biggest bank, we are here to support individuals and businesses with 24/7 banking.
Maafushi is one of the most popular budget-friendly tourist destinations in the Maldives. The island has seen rapid growth in its tourism sector, becoming a hub for budget travelers, backpackers as well as locals looking for a weekend getaway. This boom in tourism over the years has significantly boosted the local economy, making the need for accessible financial services more critical than ever.
In addition to the new USD ATM, BML has expanded its services at the Maafushi Branch to offer a comprehensive range of banking solutions, providing the island with the much expanded financial development that it needs. These include USD deposits and withdrawals, loan and financing applications, cheque deposits, issuing statements, and currency exchange. This expansion ensures that both residents and tourists can manage their finances efficiently, further supporting the island's economic growth.
BML's commitment to providing extensive banking services across the Maldives is evident in its nationwide network of 38 branches, 86 self-service banking centers, and 144 ATMs. With cash agents on all inhabited islands and a full suite of digital banking services, BML continues to support the financial needs of individuals, businesses, and communities throughout the country.
As Maafushi continues to grow as a premier tourist destination, having accessible and convenient banking services will play a crucial role in maintaining and boosting its economy. This development not only benefits the local residents but also caters to the financial needs of the numerous tourists who visit the island each year. By offering around-the-clock banking services, BML is ensuring that Maafushi remains an attractive and accessible destination for both business and leisure, supporting the island's ongoing development and prosperity.
