With the rise of digital banking, cardless withdrawal is becoming an increasingly popular option for those who want to withdraw money without their debit card. Cardless withdrawal is a new technology that enables users to withdraw cash from an ATM without using their debit card. This technology has been developed to provide users with more convenience, security and flexibility when withdrawing cash from an ATM. So, how to withdraw money cardless in Malaysia?
What is Cardless Withdrawal?
Cardless withdrawal is a new way of withdrawing cash from an ATM without using a physical debit card. Instead of using a card, users can use their mobile device to authorize a withdrawal. Cardless withdrawal can be done through a banking app or a digital wallet, which generates a unique code that can be used to withdraw cash from an ATM.
How to Withdraw Money with Cardless Payment?
To withdraw money with cardless payment, you need to have a mobile banking app or a digital wallet installed on your phone. Here are the steps to follow:
Step 1: Open your mobile banking app or digital wallet and navigate to the “Cardless Withdrawal” option.
Step 2: Enter the amount you want to withdraw and select the account you want to withdraw from.
Step 3: The app will generate a unique code that you will need to use to withdraw the cash. This code will be valid for a limited time.
Step 4: Locate an ATM that offers cardless withdrawal services. These ATMs will have a cardless symbol on them.
Step 5: On the ATM, select the “Cardless Withdrawal” option and enter the amount you want to withdraw.
Step 6: Enter the unique code generated by your banking app or digital wallet.
Step 7: Collect your cash and receipt.
Benefits of Cardless Withdrawal
There are many benefits of using cardless withdrawal, including:
- Convenience: Cardless withdrawal eliminates the need to carry a physical debit card, making it more convenient for users to withdraw cash.
- Security: Cardless withdrawal is more secure than traditional ATM transactions as it requires users to authenticate themselves using their mobile device.
- Flexibility: Cardless withdrawal allows users to withdraw cash even when they don’t have their debit card with them.
- Reduced Fraud: Cardless withdrawal helps to reduce the risk of fraud as it eliminates the
Conclusion
In conclusion, cardless withdrawal is an innovative technology that has made withdrawing cash more convenient and secure. With the increasing popularity of digital banking, cardless withdrawal is set to become the norm in the banking industry. If you are looking for a more convenient and secure way to withdraw cash, consider using cardless withdrawal through your mobile banking app or digital wallet.