Your options for cash withdrawal may seem limited if you’ve ever been stranded without your ATM card while traveling or simply unable to access your card. With innovations in banking technology, First Bank in Nigeria offers a solution: withdrawing money from an ATM without a card.
Users can perform transactions more seamlessly with this service, offering convenience and flexibility. This feature is a game-changer for travelers, businesspeople, and anyone looking for a hassle-free way to access their funds.
Using First Bank ATMs without a card is easy with our tips, step-by-step instructions, and pros and cons!
What is Cardless Withdrawal?
The basics of cardless withdrawal must be understood before we get into the details. With this service, you can withdraw money from First Bank ATMs without physically inserting your card. You initiate the transaction with your mobile phone, adding security and convenience.
Why Should You Use Cardless Withdrawal?
- Lost or Forgotten Card: If you’ve misplaced your ATM card or forgot it at home, this service lets you access your account.
- Security: There’s no physical card involved, reducing the risk of your card being stolen or lost.
- Convenience: You can withdraw cash without needing to worry about carrying your card around—great for travelers!
How to Withdraw Money from First Bank ATM Without a Card
The process of withdrawing money from First Bank ATMs without a card is simple. Here’s how to do it:
Step 1: Register for First Bank Cardless Withdrawal
Before you can use this service, you need to activate it. You can do this by following these steps:
- Log into your First Bank mobile banking app or dial the USSD code (*894#) to access the mobile banking menu.
- Select the “Cardless Withdrawal” option from the menu.
- You’ll be prompted to set up your cardless PIN, which you’ll use for authorization.
- Once activated, you’ll be able to make withdrawals from any First Bank ATM without needing your card.
Step 2: Locate a First Bank ATM
First, find a First Bank ATM that supports cardless withdrawals. Most ATMs in Nigeria, especially in major cities like Lagos, Abuja, and Port Harcourt, are equipped with this feature. The ATM will display a prompt for cardless withdrawal on the screen, allowing you to proceed.
Step 3: Initiate the Transaction
Once you’re at the ATM:
- Select the “Cardless Withdrawal” option on the ATM screen.
- You will receive a unique code on your mobile phone.
- Enter this code into the ATM to proceed.
- Input your PIN when prompted. This is the PIN you set up when registering for the cardless withdrawal service.
Step 4: Confirm and Withdraw Your Money
Once the code and PIN are successfully verified, the ATM will dispense your requested amount of cash. This entire process is secure and ensures your funds are protected.
Key Takeaways and Benefits
| Feature | Benefit |
|---|---|
| No Card Needed | Withdraw money even if your card is lost or forgotten. |
| Security | Transactions are verified with a unique code and PIN, minimizing fraud. |
| Convenience | Quick, easy access to your money from any First Bank ATM. |
| Instant Access | Immediate withdrawal without waiting for a bank representative. |
Personal Insights
During my recent trip to Lagos, I found myself in a situation where I left my ATM card at the hotel, and I needed cash urgently. I had heard about the cardless withdrawal service but had never used it before. I decided to give it a try, and I was impressed by how simple and fast the process was. The instant code and PIN verification made me feel secure, and I was able to retrieve the cash within minutes. This feature truly saved me in a pinch, and I now make it a point to use mobile banking more often.
Pros and Cons of Cardless Withdrawal
Pros
- Easy Access: No need to worry about forgetting or losing your card.
- Secure: Transactions are protected by PINs and unique codes, minimizing the risk of fraud.
- No Need for Bank Visits: You don’t have to go into a branch for your transactions.
Cons
- Limited ATM Locations: While many ATMs support cardless withdrawals, not all do.
- Service Fees: Some transactions might incur fees, though they are generally minimal.
Cardless Withdrawal vs Traditional ATM Withdrawal
| Feature | Cardless Withdrawal | Traditional ATM Withdrawal |
|---|---|---|
| ATM Card Required | No | Yes |
| Transaction Speed | Faster, without card insertion | Standard ATM withdrawal time |
| Security | Secure, with PIN and code | Less secure, physical card vulnerable to theft |
| Access | Available through mobile app and USSD | Only available with an ATM card |
Frequently Asked Questions (FAQs)
1. How much does it cost to withdraw without a card?
The service is generally free, but some ATMs may charge a small fee, typically around ₦30 – ₦100 for cardless withdrawals.
2. Can I withdraw any amount of money?
Yes, you can withdraw any amount within the daily limit of your account, typically between ₦20,000 and ₦100,000, depending on your account type and settings.
3. Are there any limits on cardless withdrawals?
Yes, there may be limits based on your account type. Check with First Bank for specific limits.
4. Can I use this service for both local and international withdrawals?
Yes, as long as you’re withdrawing from a First Bank ATM, whether locally or internationally, the cardless withdrawal service is available.
Conclusion
Cardless withdrawals are an amazing innovation that brings convenience and security to banking in Nigeria. Whether you’re a traveler, a businessperson, or someone looking for hassle-free banking, First Bank’s cardless ATM withdrawal system offers a solution that meets modern needs. I personally recommend this service for its ease of use and security, and it’s now my go-to option when I’m on the go and need cash quickly. So next time you find yourself without your card, don’t panic—just follow these simple steps and access your funds with ease.
