Have you ever found yourself in a situation where you have no wallet and you need urgent cash or you have lost your credit card to withdraw money? Many people who own an ATM card face this type of problems by either their money stuck on the machine or they might forgot to take with them. Money is the need of every person especially when you need them for any emergency. When you talk about the digital technology there is new way has introduced that can resolve the entire landscape of payment issues. As the population and businesses are growing the future of money depends on it because more than 88% transaction money worldwide using credit cards.
Many of the major banks have come up with a new and effective way to stop from having any kind of fraud scheme and to get rid of ATM cards. The idea is that consumers now can use their Smartphone’s which offers 100% security guaranteed and also makes your finances in safe hands.
That is why below we have listed some real facts about Does card-less credit card option is the future of money to withdraw from ATM machines to help you understand what is mean by card-less cash, how does it work, which terms you have to follow for this one, and what advantages you will get from this new digital technology.
What exactly is mean by card-less cash?
With the help of card-less cash you can withdraw cash from ATM machines without actually using the credit card. You can also arrange for someone to collect your money on behalf of you by using an application from your mobile phones. It is 100% safe and no kind of fraud is included you can use it whenever you want.
How does it work?
The future of money is here now your cell phones can replace your credit cards making everything convenient for you. They can operate by new card-less ATM machines. The method is very simple and quick you just have to follow some easy steps and you can take out the money in no time. Such as,
- Access the bank app you have created and account
- Now select whether you or someone wants to collect the cash
- Select the amount you want to withdraw
- You will receive a PIN from a SMS
- Use these to securely input on ATM
The methods can be applied on the person who has a legitimate account from the bank
Which terms you have to follow for this one?
This facility has been made to help making transactions more accurate and you don’t need to wait for longer to cash out the money. Some terms you need to follow including,
- The mobile number of the recipient
- Recipient’s name
- Legal address
- City and PIN code
- Money you want to transfer
What advantages you will get from this new digital technology?
Now, thanks to the card-less credit card digital technology you can get 24/7 access service, works with any card-less ATM machines, obtain cash instantly, safe and secure policy to begin with.