For years, people living on the Maldives’ outer islands had to plan a boat trip, or even a flight to Malé, just to get cash or do basic banking. That hassle is finally easing. Under President Dr Mohamed Muizzu’s policy to place an Automated Teller Machine (ATM) on every inhabited island, daily life is quietly but noticeably changing.

The project, carried out with the Maldives Monetary Authority and banks like the Bank of Maldives, is bringing 24/7 banking within reach of everyone. Installation started earlier this year, and more than two-thirds of the islands already have working ATMs. Full coverage is expected by the end of 2026.

People say the difference is immediate. Shopkeepers and fishermen in smaller islands talk about how much easier it is to run their businesses now that cash is available nearby. Parents don’t have to lose a day’s work to make a banking trip, and students can get allowances or pay fees without expensive boat rides.

It’s not just about cash, either. The ATMs are nudging more islanders to open accounts and try digital banking, which helps local economies grow and encourages safer, less cash-dependent transactions. Island councils have welcomed the move, calling it a big step towards financial fairness and a good match for other government efforts to modernise services.

There are still a few hurdles. Reliable internet and timely maintenance remain crucial for remote islands, and helping older residents feel comfortable using the new machines will take time. Even so, the rollout has already won broad praise.

By filling a long-standing gap in financial access, the Government’s ATM programme is making everyday life easier across the islands. For many Maldivians, being able to withdraw money close to home isn’t just convenient. It feels like proof that modern banking and opportunity are finally within everyone’s reach.