Suriname-based Finabank has marked a key milestone in its regional expansion strategy with the opening of its first cashless branch in the Commewijne district, extending its physical banking network beyond the capital city of Paramaribo to better serve local residents and business owners.
Located at 514 Hadji Iding Soemitaweg, the new branch is structured to meet growing consumer demand for accessible, hybrid banking that blends in-person support with digital efficiency. Operating Monday through Friday from 8:00 a.m. to 3:00 p.m., the branch delivers nearly all standard banking services that both retail and corporate customers rely on, with only over-the-counter cash deposits and withdrawals excluded from its on-site offerings.
The cashless model retains all core banking functionality: customers can open personal and business checking and savings accounts, apply for consumer and commercial loans, access debit and credit card services, process domestic and international money transfers, schedule relationship management check-ins, and meet with financial advisors for personalized guidance. The branch also provides dedicated on-site support to help customers navigate Finabank’s digital banking platform and mobile banking application, bridging the gap for users who may be new to digital financial tools.
In explaining the new concept, Finabank representatives emphasized that the cashless branch model combines the key advantage of a local physical presence with the enhanced security and operational efficiency of modern digital financial services. The initiative aligns with the bank’s long-term goal of expanding accessible financial services across all regions of Suriname, rather than concentrating services exclusively in the capital.
For cash-related transactions, customers are directed to existing infrastructure: cash deposits must still be completed at full-service traditional Finabank branches, while cash withdrawals are available through any automated teller machine connected to the BNETS ATM network. Bank officials noted that this model allows Finabank to expand its geographic footprint at lower operational cost while still meeting the core service needs of local communities, bringing personalized banking support closer to households and enterprises in Commewijne that previously had to travel to Paramaribo for many in-person banking services.