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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.