Anna Oleksiuk
Blog post

How to Withdraw Your Money without an ATM or Even a Card

Learn about different options for cardless cash withdrawal that empower FinTech companies and satisfy users’ needs

October 25, 2018

5 mins read

People can get in tricky situations. They may lose their cards or have them stolen but still need some cash on them. To ensure a comfortable experience for their clients, FinTech companies need to provide different options for withdrawing cash. This includes withdrawing money without an ATM and a card.

Yes, it’s possible. People can withdraw money without their debit card. There are actually several ways of doing that. Read further to find out how anyone can easily withdraw cash without an ATM and a card.

Being able to withdraw money without an ATM card is vital since cash is still king

Although the world is being changed by technology and innovation, digital payments haven’t eliminated cash yet. According to McKinsey, people in many regions still rely on cash and will continue to do so. Based on the level of cash use, countries can be grouped into five types of markets:

  • Emerging markets
  • Initial transformation markets
  • Mature, cash-intensive markets
  • Mature markets
  • Markets at the vanguard

In Norway, Sweden, the UK, Denmark, Finland, Estonia, and Luxembourg (markets at the vanguard), cash use is below 40%. In the US, France, and Canada (initial transformation markets), cash accounts for between 40% and 60% of total transaction volume. And, as the research shows, in most countries cash is still king.

Countries divided into five types of markets based on cash usage

How to Withdraw Your Money without an ATM or Even a Card

Source: McKinsey & Company – Attacking the cost of cash

According to Accenture Consulting’s 2016 North America Consumer Digital Payments Survey, by 2020 things won’t have changed much. Cash will still be the dominant payment method in the US.

Comparison of consumer use of payment options from 2016 to 2020

How to Withdraw Your Money without an ATM or Even a Card

Source: Accenture – 2016 North America Consumer Digital Payments Survey

So most of the world really does depend on cash. Which means it’s time to think about different convenient options for cash withdrawal. And those include cardless ones.

Contact Intellias experts to find out more about contactless payments and options for withdrawing cash
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Three ways to withdraw money without an ATM card

Let’s discover what FinTech solutions make it possible to withdraw money without a debit card.

Withdraw cash directly at retailers

How to Withdraw Your Money without an ATM or Even a Card

FinTech solutions can solve the lost card problem. Advanced mobile banking systems allow withdrawing cash without a debit card. In fact, customers can receive their money right at the supermarket checkouts. Intellias helped Germany’s leading FinTech provider to develop a solution that makes this possible. Here’s how the platform works.

First, a user submits a cash request and the mobile banking application generates a barcode for the transaction. Then all the user needs to do is show it to the cashier for scanning. After that, the user can receive their cash and the funds are transferred to the retailer.

And to do this, there’s no need to make a minimum purchase. The platform allows easy cash withdrawal in over 10,000 partner branches including pharmacies, gas stations, and other shops. What’s more, thanks to the online and mobile banking system, users can make contactless payments using their phones with Near Field Communication (NFC) technology. They can pay for purchases through NFC-ready point of sale terminals without a physical card and even without an internet connection.

Read more: Learn how Intellias helped Germany’s first digital bank integrate custom online transactions for their end clients

Withdraw money from an ATM

How to Withdraw Your Money without an ATM or Even a Card

Remarkably, it’s even possible to withdraw money from an ATM without a card. This can be done in several ways. The first way is for a user to ask someone to send them money through an ATM and then withdraw the cash from another ATM. According to Fiserv, 35% of people are interested in transferring funds from one ATM to another.

Another way how to withdraw money from an ATM without a card is to use a mobile wallet. To do this, a person should simply open a mobile wallet with a card stored in it and put their smartphone next to the ATM’s NFC symbol. Using NFC technology, a smartphone can connect to a cardless ATM and withdraw cash from a bank account. Apart from that, some ATMs may allow withdrawing cash through QR code scanning.

Read more: Learn how Intellias helped a FinTech provider enable contactless NFC payments and cardless cash deposits and withdrawals

Get cash at arm’s length

How to Withdraw Your Money without an ATM or Even a Card

In case a person doesn’t have a card, they can always ask someone who does for help. The trick is to transfer money to the card owner and then get cash in exchange just by shaking a sender’s phone at arm’s length between to the receiver. To transfer money without a card, a client can use a mobile banking platform or one of many payment services like PayPal and Google Wallet.

Read more: Learn about different methods of detecting fraud and securing digital payments

According to one study, 55% of US adults who have smartphones use at least one full-service banking app, and 23% use at least two. This means that transferring funds using mobile banking shouldn’t be a problem for most clients.


As you can see, cash is still king. Research shows that it’s the most popular payment method in the world. This means FinTech companies need to think of the best cash withdrawal options for their clients. People may not always have cards with them. This is where FinTech solutions for withdrawing money from an ATM without a card can help.

There are several options to consider. A person can get cash directly from retailers with the help of a mobile application or withdraw cash from an ATM using a mobile wallet. Alternatively, they can ask someone else to withdraw cash for them and pay that person using a mobile banking app.

But before deciding which FinTech solutions to provide, keep in mind that the best way of withdrawing money without an ATM card is the one that’s easiest for your clients.


If you want to know more about innovative cash withdrawal solutions, contact Intellias. Our experts are ready to answer all your questions on the matter.

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