Banks open up cash withdrawals using mobile phones

13/06/2012

Banks Open Up Cash Withdrawals Using Mobile Phones

New technology to enable people to withdraw money from cash machines just by using their mobile phones has been unveiled.

Customers with the Royal Bank of Scotland (RBS) or NatWest mobile banking app on their smartphones can now request cash up to £100.

They will be given a six-digit code to enter into an ATM machine in order to get the cash released.

A similar system has been developed by cash operator NCR, which requires people to scan a barcode to withdraw money.

RBS said its new system would help customers who had forgotten their bank cards or wished to send cash to family members quickly.

The free service is available to customers who have downloaded the bank's free app and use any of the 8,000 RBS, NatWest or Tesco branded ATM machines.

"It is a really simple and secure way to help our customers get cash whenever and wherever they need it," head of mobile at RBS and NatWest Ben Green commented.

Posted by Simon Thomas

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