Cardless Cash Withdrawals Now Possible with Smartphones at Select ATMs

January 7, 2015, Written By Natalie Rutledge
Withdraw some money from the ATM machine

Wintrust Bank is the first of an expected 1,600 banks that will soon be offering “cardless cash” withdrawals at their ATMs. Bank customers can pull out money from the ATMs with just their smartphones, taking the idea of “mobile banking” to a whole new level.

Thanks to new technology from FIS, Wintrust and hundreds of other banks across the country will soon have the ability to help customers withdraw funds without the use of ATM cards. Wintrust has already started the process of implementing the technology at 190 of their ATM locations. FIS, a banking and payment technology provider, offers a technology upgrade that can be added to existing ATMs to help transition the machine.

To use the new technology, customers log into their mobile banking account and set an amount of money they want to withdraw from the ATM. Once at the ATM, they log in with a four-digit password and select the “cardless cash” option on the app. They proceed to select the cardless cash option on the ATM, and then the machine will display a QR code the user can capture with the smartphone camera. Once the picture is snapped in the app, the ATM dispenses the cash and sends a receipt directly to the phone.

This may seem like a complicated process for an ATM withdrawal. But a traditional withdrawal requires you to enter a PIN number, select an amount and choose an account, so the cardless option isn’t that much more cumbersome.



The information contained within this article was accurate as of January 7, 2015. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at [email protected]
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