In Malaysia, cardless withdrawals have become increasingly popular among bank customers. With this service, customers can withdraw money without using an ATM card, which provides convenience and security. Here’s everything you need to know about how to withdraw money cardless in Malaysia.

What Are Cardless Withdrawals?

Cardless withdrawals are a type of service offered by banks in Malaysia that allows customers to withdraw cash from an ATM without using an ATM card. Instead, customers can use their mobile banking app to generate a one-time PIN code that they can use to withdraw money from the ATM. This service is available to customers of most major banks in Malaysia, including Maybank, CIMB, and Public Bank.

How to Withdraw Money Cardless in Malaysia

To withdraw money cardless in Malaysia, you’ll need to follow these steps:

1. Log in to your bank’s mobile banking app.
2. Look for the option to withdraw cash without an ATM card.
3. Enter the amount you want to withdraw.
4. The app will generate a one-time PIN code that you can use to withdraw the money from an ATM.
5. Go to the nearest cardless-enabled ATM and enter the one-time PIN code.
6. Withdraw the cash and take your receipt.

The Pros of Cardless Withdrawals

Cardless withdrawals offer several benefits to bank customers in Malaysia, including:

1. Convenience: With cardless withdrawals, customers can withdraw money from an ATM without having to carry their ATM card with them. This provides added convenience, especially if you’re traveling or forget your card at home.
2. Security: Cardless withdrawals are more secure than traditional ATM withdrawals because you don’t have to insert your card into the machine. This reduces the risk of skimming or card theft.
3. Accessibility: Cardless withdrawals are available 24/7, so customers can withdraw money at any time, even outside of bank hours.

The Importance of Safe Cardless Withdrawals

While cardless withdrawals offer convenience and security, it’s important to be cautious when using this service. Here are some tips to help you withdraw money cardless in Malaysia safely:

1. Use a secure Wi-Fi network: When using your mobile banking app to generate a one-time PIN code, make sure you’re connected to a secure Wi-Fi network. Avoid using public Wi-Fi networks, which may not be secure.
2. Keep your PIN code private: Your one-time PIN code is like a password, so make sure you keep it private. Don’t share it with anyone, and avoid writing it down.
3. Verify the ATM machine: Before entering your one-time PIN code, make sure you’re at a cardless-enabled ATM. Look for the cardless withdrawal option on the screen or consult your bank’s website for a list of cardless-enabled ATMs.

Conclusion

In conclusion, cardless withdrawals are a convenient and secure way to withdraw money from an ATM in Malaysia. With this service, customers can withdraw money without using an ATM card, which provides added convenience and security. By following the tips outlined in this guide, you can withdraw money cardless in Malaysia safely and easily.