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News: Get Cash with Your Phone at the ATM Instead of a Card - Credit-Land.com

Cardless ATMs have been around for several years now, but during the pandemic, they are more relevant. They provide another layer of security and contactless cash access makes the experience a little more touchless.

Cardless ATMs allow you to withdraw money and conduct other transactions without inserting your debit card or credit card into a card reader. Instead, such ATMs work by using either the bank's app (QR codes) or Near-Field Communication (NFC) technology.

To use a cardless ATM with a QR code, you will need your banking app where you need to set the mobile withdrawal up. The ATM will then display a QR code on the screen for you to scan with your phone before dispensing the money.

To use NFC at a cardless ATM, you will need to open Apple Pay, Google Pay, or Samsung Pay on your device, choose the linked bank account you want to withdraw from, and tap your device against the reader with a contactless symbol on the ATM. To complete the transaction, you will be required to type in your PIN or authenticate the transaction with a security feature such as a fingerprint, passcode, or facial recognition.

There are several banks that allow cardless ATM access either via a QR code or NFC technology. The most popular banks that provide cardless ATM services are Bank of America, Chase, and Wells Fargo. Please note that not all cards allow contactless withdrawals. It would be wise to contact your bank to find out if you can use the service.

tags : Banks Credit Cards Technology

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.