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The Summit Bank in Pakistan and asset management company National Investment Trust has introduced a co-branded ATM card for NIT unit holders, according to the Pakistan Observer.

The card will allow customers to withdraw cash against instant redemption of their NIT units.

President and CEO of Summit Bank Husain Lawai and Chairman of NIT Wazir Ali Khoja signed the agreement in a ceremony held in a local hotel, according to the article.

The new service will offer NIT customers 24/7 access to their cash.

"Summit Bank believes in customer satisfaction and is committed to providing innovative solutions to fulfill the financial needs not only of its own customers but also of the community at large," Lawai said.

For more information on this topic, visit our bank/credit union research center.

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