Commonwealth Bank and Westpac launch cardless smartphone ATM access
The banking tech-race is heating up with the Commonwealth Bank rolling out its Australian first 'cardless cash' feature over the month of May, with Westpac set to follow suit in July.
The 2.3 million registered CommBank app users will be able to withdraw up to $200 cash a day from the bank's network of 3,000 nationwide ATMs by using their smartphone. Customers can even help a buddy out by sending cash to an ATM for withdrawal with a text message and PIN.
Lisa Frazier Executive Digital Manager described the 'cardless cash' launch as a secure and convenient solution for ATM withdrawals in Australia. "Cardless Cash not only gives our customers convenient access to cash when their card isn't available, but also has the ability to help out a family member or friend by sending cash to an ATM for collection in an emergency situation."
Westpac will join the digital banking future with the launch of its cardless ATM access Emergency Cash feature in July according to a recent report by smh.com.au. The new feature allows up to $1,000 in withdrawals a day, $2,000 in a week and requires users to ring the Westpac call centre to obtain a 6 digit cash code.
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