Cardless transactions: How to withdraw cash from an ATM without SBI, HDFC and ICICI debit cards
Customers need no longer fret about having a debit card or remembering its PIN
- Sep 15, 2023,
- Updated Sep 15, 2023 3:33 PM IST
Withdrawing money from an ATM usually requires a debit card. However, banking needs have significantly transformed in a flexible and tech-savvy era. The traditional way of withdrawing cash without a debit card has been replaced by new means to meet these needs. State Bank of India (SBI), ICICI Bank and HDFC Bank have introduced a service that allows customers to transact at ATMs without needing a physical card. Here is how you can use this service:
Cardless Cash Withdrawal allows you to withdraw cash from an ICICI Bank ATM without using a debit card. It is a simple and convenient way to withdraw cash for unforeseen emergencies or even during normal times when your debit card is temporarily unavailable.
To avail of this service, you need to Log in to your ‘iMobile’ app on your smartphone. Select the 'Services' option. Under it, find and click on the 'Cardless Cash Withdrawal' option.
Now, enter the amount you want to withdraw (This must be within your withdrawal limit for the day). Next, enter a four-digit temporary PIN of your choice. Make sure to remember this PIN, as you will need it later. Confirm the transaction by clicking 'Submit'.
The system will then SMS you a unique six-digit code. Go to the nearest eligible ICICI Bank ATM and key in this six-digit code along with the four-digit PIN you created earlier. The ATM machine will dispense the cash you requested when authentication is successful.
Remember, the one-time code is only valid for an hour, and the daily transaction is limited to Rs 20,000 only.
The primary objective of this feature is security. Since no card is used during the transaction, the chances of card-related scams are nullified. Only the customer who operates the YONO app can carry out a transaction, thereby ensuring absolute security.
Withdrawing money from an ATM usually requires a debit card. However, banking needs have significantly transformed in a flexible and tech-savvy era. The traditional way of withdrawing cash without a debit card has been replaced by new means to meet these needs. State Bank of India (SBI), ICICI Bank and HDFC Bank have introduced a service that allows customers to transact at ATMs without needing a physical card. Here is how you can use this service:
Cardless Cash Withdrawal allows you to withdraw cash from an ICICI Bank ATM without using a debit card. It is a simple and convenient way to withdraw cash for unforeseen emergencies or even during normal times when your debit card is temporarily unavailable.
To avail of this service, you need to Log in to your ‘iMobile’ app on your smartphone. Select the 'Services' option. Under it, find and click on the 'Cardless Cash Withdrawal' option.
Now, enter the amount you want to withdraw (This must be within your withdrawal limit for the day). Next, enter a four-digit temporary PIN of your choice. Make sure to remember this PIN, as you will need it later. Confirm the transaction by clicking 'Submit'.
The system will then SMS you a unique six-digit code. Go to the nearest eligible ICICI Bank ATM and key in this six-digit code along with the four-digit PIN you created earlier. The ATM machine will dispense the cash you requested when authentication is successful.
Remember, the one-time code is only valid for an hour, and the daily transaction is limited to Rs 20,000 only.
The primary objective of this feature is security. Since no card is used during the transaction, the chances of card-related scams are nullified. Only the customer who operates the YONO app can carry out a transaction, thereby ensuring absolute security.