NatWest and RBS offer mobile cash withdrawals

Cash cards a thing of the past? If you have a mobile phone and a NatWest or RBS account, they just might be.

New technology, which enables people to withdraw money from cash machines using smartphones, has been unveiled and if you use the Royal Bank of Scotland (RBS) or NatWest mobile banking apps, you can get up to £100 using your smartphone.

All you have to do is request a six-digit code via the app, which you enter into an ATM to release the cash. Job done. So your cash card becomes redundant, although the system is designed for anyone who forgets their cards or wants to send money to a family member in a hurry, rather than being a substitute as yet.

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

The service is available to customers who have downloaded the bank's free app and use the 8,000 RBS, NatWest or Tesco branded ATMs in the UK. So not all ATMs, which might be an issue. Also, the £100 limit is well under the £300 limit on a card.

But this is a step forward in terms of turning your phone into a 'mobile wallet' and certainly the shape of things to come. If you haven't got one of the free apps, they're available across the iOS, Android and BlackBerry, platforms.

Source: BBC

Written by Mobile Choice
Mobile Choice

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