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RBC, OMNI partner on Long Island ATM service

Long Island residents will once again be able to conduct cash transactions and automated teller machine (ATM) withdrawals through a partnership between OMNI Financial Group Limited and RBC Royal Bank (Bahamas) Limited.

Last year RBC pulled out of Long Island, leaving its residents without the services of a commercial bank.

However, the partnership between the two financial entities will mean RBC Visa Debit cardholders will now have the ability to conduct cash transactions and ATM withdrawals at OMNI’s location in Grays, Long Island.

“Both OMNI and RBC recognized the need for alternative financial services for Bahamian communities where there is limited or no access to traditional bank locations,” noted a press statement on the partnership.

“This partnership between two recognized local institutions is the first of its kind in The Bahamas and for RBC in the Caribbean region. This partnership speaks to the strength and viability of the OMNI brand and support for its mandate to provide useful and affordable financial products and services that meet the needs of more remote Bahamian communities.”

Chief Executive Officer of OMNI Harvey Morris called the partnership “monumental” for his company and for the local community. He added that OMNI took a huge leap forward with this partnership.

“OMNI underwent months of intense negotiations and satisfied all necessary requirements by RBC to get to this point,” Morris said.

“As the first financial company in the region to partner with RBC in a venture such as this, we are proud and humbled to be able to bring financial inclusion to the communities that we serve.

“RBC and OMNI remain committed to helping our clients thrive and Bahamian communities prosper. The phased rollout started on July 12th for the residents of Long Island and based on results, this model could be replicated and expanded to other parts of the country without traditional banking services.”

Lasonya Missick, managing director of RBC Royal Bank (Bahamas) Limited, said the partnership is also a first for her company. According to Missick, the move positions RBC as a “market leader for innovation and service in The Bahamas”.

Chester Robards

Senior Business Reporter at The Nassau Guardian
Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian.
Education: Florida International University, BS in Journalism
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