Undeniably, transactions related to cash are declining these days when digital tech takes the lead. That is why access to money in cash is not likely to be what is on your mind all the time. Yet, it will be great to have once you need it. This is when a contactless ATM shows up to help you. It makes getting cash much easier. Contactless ATMs let you transact your ATM business on the bank application of your phone. In case you wish to decrease the number of times you touch a screen during Covid-19, this is a comfy and advanced method of receiving money from the bank account.
What is a contactless ATM?
The contactless ATM refers to giving access to your banking account as well as enabling you to withdraw cash and at the same time not having to use a physical card. It depends on account verification through the bank application on your phone or message in the text.
What are the benefits of using a contactless ATM?
Access every one of your bank accounts
In case you have many bank accounts, you may have an account you use more often. You likely do not always bring the other bank cards. This is particularly when you go on a vacation and want to travel light. Thanks to the contactless ATM, you can access every one of your bank accounts. This particularly helps when you are not close to an ATM from a bank that you set up an account. As you know, ATMs that are not in-network tend to charge higher fees. That is why the contactless ATM convenience can be money-saving for you.
Bring no card when using a contactless ATM
Bringing a purse or something like that is not comfy every time. With contactless ATMs, you only have to take your phone with you when you are walking, running, and so on.
A contact-free ATM is not completely free of risks. But some attributes of this ATM withdrawal boost its security. For example, it is impossible for scammers to steal your bank card information with skimmers. The reason is that you do not put the card into the ATM withdrawing terminal. As you can use the code for just a time, scammers must be stupid to take it from you. Plus, contactless ATM withdrawals tend to ask for authentication in 2 steps. Scammers have no idea of the PIN and have to have your smartphone. Moreover, not always bringing your purse with you will decrease the likelihood of getting robbed.
Contactless ATM withdrawals does not mean you do not touch the banking ATM completely, but reduce contact. A lot of people may contact an ATM. Also, just think about this coronavirus pandemic context. So, it is better if there are a reduced number of touches.
In conclusion, the contactless ATM makes getting cash much easier. Even in case you do not leverage it often, it can be helpful in an emergency. For more information about this, contact us.