ATM@GLP

By Bro. Bryan Lawrence Dy (322) Business Manager

Among the earliest improvements at Plaridel Masonic Temple under MW Suan is an ATM Machine conveniently located at the GLP Lobby. It is among the amenities negotiated with Metrobank Philippines where the Grand Lodge maintains one of its Bank Accounts. Requested on September 2, 2019, it was promptly approved more than a month later (October 7). The unit was installed on December 1 of the same year to the safety and convenience of both Brethren and guests. “This machine is intended more for the personal benefit of all.” Our Grand Master said. ‘’We encourage everyone to avail this add on facility.’’ He adds. CORPORATEFINANCEINSTITUTE.COM defines the automated teller machine (ATM) as a specialized computer that allows bank account holders to check their account balances, withdraw or deposit money, transfer money from one account to another, print a statement of account transactions, and even purchase stamps. As a Technology the ATM is more than 50 years old. It was first set-up in 1967 on a street in Enfield, London at a branch of Barclays Bank. The Bank of the Philippine Islands pioneered its introduction in the country in 1981. Finally, after 38 years one unit has been installed at the seat of Masonry in the Philippines. In its ATM article updated in October 2020, INVESTOPEDIA.COM reports that there more than 3.5 million units of Automated Teller Machines in use across the world. About 30,000 can be found in the Philippines. However, a gradual decline in ATM use is projected with the increase in cashless payments and the health threat induced by the Corona Virus Pandemic. Nevertheless, the existence of one in the GLP premises is a plus benefit to the Brethren.