Does Your Credit Union Need Cardless Cash Access at the ATM?
Not all ATMs offer cardless cash access. Check beforehand to make sure the machine has this feature. Are you wondering how it works? Here’s a rundown of the basics and why your credit union needs an ATM with cardless cash access.
What is Cardless Cash Access?
Cardless cash access allows you to withdraw funds from your ATM without a physical card. It’s convenient and makes it easy to get money even if you forgot to bring the card along. Now, it won’t be a wasted trip.
What are the Benefits of Cardless ATMs?
ATMs with a cardless access feature can look forward to faster and safer transactions. The feature allows you to access your funds even without a card. That provides another way to withdraw money from the machine, making it convenient for you. If you don’t always bring your card, this feature in your credit union ATM can make it handy to access money through different means. Usually, cardless access involves biometrics, QR codes, and other similar technologies. Here are other advantages it offers:
- Secure. If you’re not using a card, that helps you avoid the risk of card skimming, which could steal your private information. Also, you could lose your card when you’re out in public. Second, cardless cash access doesn’t ask you to enter a PIN. That’s how you keep your password safe from prying eyes and hidden cameras that may be in place to capture private information from unsuspecting users.
- Travel light. You won’t have to worry about carrying a card anywhere. You can withdraw money from any ATMs affiliated with your bank easily while traveling light. If you’re visiting several places or stops on a trip and don’t want to risk losing your card by carrying it everywhere, the cardless cash access feature is handy for you.
- Fast.
How Do Cardless ATMs Work?
Before you use a cashless cash access feature, you must provide card information that is in your phone’s mobile wallet. You may also be asked to install the bank’s mobile app for cardless ATM transactions. Once the verification process is done and the transactions for your account authorized on your mobile device, you can start using the cardless access feature.
Does Your Credit Union Need the Feature?
Of course. Upgrades improve ATMs. A cardless cash access feature in your credit union’s ATM will make it easy to withdraw money from authorized or recognized machines. With more and more people making the switch to credit unions, it is only smart that they also start offering features, upgrades, and improvements found in ATMs from major worldwide banks.
What are the Disadvantages?
There are a few disadvantages when it comes to cardless cash access transactions. Not all ATMs have this feature, so you’ll need to check which machines near you have it. Also, some modern ATMs are not compatible with bank apps. There’s an easy fix for that, though. You only need to upgrade your operating system and that usually resolves the bug. Try it and find out for yourself.
