Bank of China (Hong Kong) (BOCHK) has launched a new cash deposit machine, HKD/RMB Cash Deposit Machine, which has been designed to allow cash acceptance in both HKD/RMB currencies.

The move by BOCHK allows customers to benefit from wide range of convenient self-service banking services.The HKD/RMB Cash Deposit machine accepts HKD1,000, HKD500, HKD100 and RMB100 bank notes.

Customers can deposit HKD and RMB notes in their accounts or make payments to BOCHK for free by simply inserting the BOC credit card or entering the bank account number in the HKD/RMB Cash Deposit Machine.

The RMB outstanding balance of BOC CUP Dual Currency Credit Card can also be settled in RMB cash through this machine without the need for currency conversion.

BOCHK channel management deputy general manager, Kamill Fung, said following the launch of the first RMB Cash Deposit Machine in Hong Kong in 2012, they today introduce their pioneering HKD/RMB Cash Deposit Machine, which brings customers added convenience with the cash deposit functions in both currencies.

"Looking forward, we will continue to optimise our network of these machines and other self-service banking facilities in view of market development, in order to better meet the diverse needs of customers and enhance their experience," Fung added.

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BOCHK has so far set up over 70 HKD/RMB Cash Deposit Machines in the country, where most are located in its 24hr self-service banking centres.