Laurentian Bank and IBM Canada have announced a $14 million agreement to expand and improve Laurentian’s automated banking machine (ATM) network.

Under the agreement, 200 state-of-the-art ATMs from Wincor Nixdorf will be installed throughout the province. The ATM’s will enable Laurentian to instantly offer new banking services to its personal and commercial customers on an on demand basis.

Laurentian says the machines respond faster to customer prompts for services as well as providing information updates instantly on their screens about the bank’s new services.

The new ATMs will replace approximately two-thirds of Laurentian’s existing ATM network. IBM will also provide ongoing maintenance support for these new banking machines for 10 years.