LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Personal Finance News

Want to remove money from bank ATM, but forgot your debit card? You can still do it! Here's how

A bank ATM cash transaction without a debit card is very much possible. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Want to remove money from bank ATM, but forgot your debit card? You can still do it! Here's how
Cardless card transaction has definitely changed the way money is exchanged or removed from an ATM. Photo: Pixabay
Written By: ZeeBiz WebTeam
Updated: Thu, Jun 20, 2019
07:42 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Worried about money after failed transactions at ATMs? Now, bank may pay you Rs 100 per day - Here is how Worried about money after failed transactions at ATMs? Now, bank may pay you Rs 100 per day - Here is how
At SBI, PNB and more, get new RuPay JCB Global Credit Card; on offer, 30% cashback on transactions! At SBI, PNB and more, get new RuPay JCB Global Credit Card; on offer, 30% cashback on transactions!
What is Micro ATM? This fintech has just made withdrawing money, balance enquiry even easier What is Micro ATM? This fintech has just made withdrawing money, balance enquiry even easier
Did a bank ATM just swallow your credit or debit card? Don't worry, just do this Did a bank ATM just swallow your credit or debit card? Don't worry, just do this
RBI asks banks to grout ATMs to wall, pill or floor to enhance security RBI asks banks to grout ATMs to wall, pill or floor to enhance security

There can be many reasons why you were not able to remove money from a bank ATM - you may have forgotten your debit card at home or in office. Perhaps you have lost it. In all these cases, removing money from your bank's ATM will seem like being impossible. But not to worry, these days there is a new trend and facility offered by banks. This one is called a cardless cash transactions which eliminates the need for carrying a debit card. In fact, all you need is your smartphone for carrying cardless cash transactions at an ATM. 

Cardless card transaction has definitely changed the way money is exchanged or removed from an ATM. They in fact, also almost act like other services such as NEFT, RTGSand IMPS. The only difference is that, cardless cash withdrawal is more flexible and can be done anytime with few charges.

Here’s how they work: 

One of the major advantages of using cardless cash withdrawal service is that it eliminates the need to carry a debit or credit card. This service can be used for either sending money to someone, or remove cash from ATM. In both cases, all you need is your smartphone, which will help you in notifying the status of the transaction. 

Generally, the procedure works like this. For sending money, you will have to indicate the amount you want to send using recipient’s phone number, bank or ATM which will conduct the transaction. 

Now the person receiving this money, will get a message on his or her cell phone which will have amount information, ATM direction and a password. Therefore, it is important, the recipient uses one of the ATM affiliated with this service. It is not necessary that, the recipient must be a customer of that respective bank. 

Although sending and withdrawing money does not usually carry cost to the person who is receiving it. But the person who sends the money will be liable to pay a certain fee which depends and varies from bank to bank. 

Take note, not every ATM will be offering cardless cash transactions. Hence, it always advisable to check with your branch about the bank ATM for the service. Currently, lenders like State Bank of India (SBI) and ICICI Bank do offer this service. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
ATMsSBIICICI Bankcardless ATM withdrawalcardless withdrawal
RELATED NEWS
Worried about money after failed transactions at ATMs? Now, bank may pay you Rs 100 per day - Here is how Worried about money after failed transactions at ATMs? Now, bank may pay you Rs 100 per day - Here is how
At SBI, PNB and more, get new RuPay JCB Global Credit Card; on offer, 30% cashback on transactions! At SBI, PNB and more, get new RuPay JCB Global Credit Card; on offer, 30% cashback on transactions!
What is Micro ATM? This fintech has just made withdrawing money, balance enquiry even easier What is Micro ATM? This fintech has just made withdrawing money, balance enquiry even easier
Did a bank ATM just swallow your credit or debit card? Don't worry, just do this Did a bank ATM just swallow your credit or debit card? Don't worry, just do this
RBI asks banks to grout ATMs to wall, pill or floor to enhance security RBI asks banks to grout ATMs to wall, pill or floor to enhance security

LATEST NEWS

UltraTech Cement share price: Sharekhan maintains Buy rating with price target of Rs 8000

Gold Price Today, April 23: Check rates in Mumbai, Delhi, Chennai and Lucknow

CBSE Board Exam 2021 Latest News Updates: Demands for RT-PCR tests for students when 12th class practical exam restarts - check all details here

Banks asked to cut working hours, attendance by IBA, says report; these 4 services to remain unaffected

CBSE Class 10 Class 12 Board Exam 2021: Students check here all the IMPORTANT LATEST UPDATES about your board exams

7th Pay Commission: Central government employees' salary, allowance update—what will change from July

Anil Singhvi picks Jubilant Industries as his 'SIP STOCK' today, know the reason WHY

Maharashtra lockdown e-pass: Here's how to apply for e-pass online and offline, check link, and other details now

CBSE Class 10 Board Exam 2021 Result: BIG NEWS! Students DON'T MISS this LATEST UPDATE - all details here

Jefferies picks Tata Steel and Hindalco as their top stocks to buy in metal sector

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved