With the introduction of a cardless ATM withdrawal in Malaysia service. Hong Leong Bank Bhd (HLB) now offers its clients the ability to withdraw money from their checking or savings accounts at any of its ATMs without the need of their ATM or debit cards. Simply open the Hong Leong Connect (HLC) smartphone application, which is the bank’s digital banking platform. The app may be downloaded through the Apple iOS App Store, Google Play for Android, Blackberry World, and Windows Phone stores.
You might forget your ATM card, but you seldom ever leave home without your smartphone. If this is the case, all it takes is a quick login to your Connect app to make a cash withdrawal from an ATM. Customers of HLB can access personal digital banking services from HLC on a variety of platforms and gadgets, including tablets and mobile phones. HLC recently unveiled its newest banking software, which was created specifically for tablet computers. PEx, a function of HLC that enables Connect app users to pay money to anyone using their phone numbers, is one of its features.
Advantages to using cardless ATM
Simplicity
Some customers use facial or fingerprint identification in place of remembering their account information to access their accounts. With some cardless ATM software, you can accomplish the same thing.
All of your accounts are accessible
In particular, if you use many banks, you might not carry all of your ATM cards with you. When you are close to an in-network ATM but don’t have the associated card on hand. Cardless ATMs let you still access all of your accounts, sparing you from paying non network ATM fees.
Security
Cardless ATM withdrawals have a few characteristics that make them more secure, albeit they are not risk-free. Since you don’t insert your card into the ATM terminal, con artists cannot employ skimmers to steal your card information. The codes created for cardless withdrawals are only good for one usage, so stealing one won’t help much. Hackers would need access to both your phone and your PIN in order to make cardless withdrawals. Because two-step authentication is frequently required.
What Does Cardless ATM Access Mean?
By using a cardless ATM, you can make purchases and withdraw cash without having to swipe or enter your debit card into a reader. These ATMs connect to a mobile app on your phone instead of requiring a card using various forms of technology (which are covered in more depth below). You can use the ATM as usual once you’ve finished the additional security checks.
Is Cardless ATM Access Right for Me?
Cardless ATMs can provide another layer of access that fits your lifestyle if you value the convenience that mobile banking brings to your life. However, if you decide to use cardless ATM features through your bank’s mobile app. Be careful to use your phone’s built-in security features to make it as secure as you can. To add an additional layer of login protection to your banking experience, you can enable two-factor authentication through your bank’s mobile app, if it’s available.
