FNB Unveils Cardless ATM Withdrawals in South Africa

South Africa’s First National Bank (FNB) on Friday 25th March unveiled a Cash Withdrawal solution using Cellphone Banking. The solution allows FNB Cellphone Banking clients to withdraw money from their FNB transactional account at an FNB ATM without the use of ATM cards.

Clients will just need to log onto Cellphone Banking menu on their phone and select the banking option. Customers will then select Withdraw Cash, then the account from which they want to withdraw cash i.e. current account, checking account, savings account, etc.

On completion of the process they will then receive an SMS with a temporary ATM PIN to use at the ATM. The temporary PIN will be valid for 30 minutes and can only be used once.

What do you think of this solution?