Banks Release Code for Cardless ATM Cash Withdrawal As Naira Scarcity Continues
By Sultan Oluwaseunayofunmi A s Nigerians grapple with the scarcity of Naira notes, commercial banks have released codes for cardless ATM cash withdrawals. The feature allows account holders to make withdrawals at ATMs with the aid of their registered phone numbers. Banks customers can now make withdrawals from ATMs without needing a card. The banks that have released these features include Fidelity, United Bank of Africa, Access Bank, First City Monument Bank, First Bank, and Guaranty Trust Holding. Others are Union Bank, Zenith Bank, Ecobank, Keystone Bank, Polaris Bank, Stanbic IBTC Bank, Sterling Bank, Unity Bank, and Wema Bank. Benefits Of Cardless ATM Withdrawal This simplified banking method enables customers to access cash without a debit or credit card. The Cashout PIN, valid for 24 hours, offers protection against hackers, ensuring a safe and secure transaction. It also helps customers avoid the hassle of immediately replacing a lost ATM card and the risk of scammers an...