With the advancement of technology, traditional methods of banking are evolving to provide more convenience and security to customers. One such innovation is cardless withdrawal, which allows you to withdraw cash from an ATM without using your physical debit or credit card. In this article, we will explore how cardless withdrawal works and the benefits it offers.

What is cardless withdrawal?

Cardless withdrawal is a service offered by banks that allows customers to withdraw money from an ATM without using a physical card. Instead of swiping a card, you can initiate a withdrawal using your mobile banking app or internet banking. This process eliminates the risk of card skimming and provides a more secure way to access your funds.

How does cardless withdrawal work?

The process of cardless withdrawal involves a few simple steps:

  1. Open your mobile banking app or log in to your internet banking.
  2. Select the option for cardless withdrawal.
  3. Enter the amount of money you wish to withdraw.
  4. Choose the account from which you want to withdraw the funds.
  5. Provide a one-time password (OTP) or a transaction PIN for verification.
  6. After the verification process, you will receive a unique code on your registered mobile number.
  7. Go to any cardless withdrawal enabled ATM.
  8. Select the cardless withdrawal option on the ATM screen.
  9. Enter the unique code received earlier.
  10. Enter the amount you requested for withdrawal.
  11. Collect your cash from the ATM.

It’s important to note that the process may vary slightly depending on the bank and ATM you are using. However, the basic steps remain the same.

What are the benefits of cardless withdrawal?

Cardless withdrawal offers several advantages:

  • Convenience: You no longer need to carry your physical debit or credit card with you everywhere you go. As long as you have access to your mobile banking app or internet banking, you can withdraw cash whenever needed.
  • Security: Cardless withdrawal minimizes the risk of card theft or skimming. Since you are not using a physical card, there is less chance of unauthorized access to your funds.
  • Flexibility: With cardless withdrawal, you can transfer funds to someone who may urgently need cash, even if they don’t have a bank account or ATM card. This service provides greater flexibility in managing your finances.

Cardless withdrawal is a convenient and secure way to access cash without physically using a debit or credit card. By leveraging mobile banking apps and internet banking, you can initiate a withdrawal and collect your funds from an ATM hassle-free. The added convenience, security, and flexibility make cardless withdrawal an attractive option for individuals who want to simplify their banking experience.

If your bank offers cardless withdrawal, be sure to explore this service and take advantage of its benefits. Say goodbye to the hassle of carrying physical cards, and embrace the future of banking.

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