A couple of weeks ago, Nigeria News featured an article on how to withdraw cash from the ATM without using a credit card. The comprehensive piece was restricted to GT Bank though. You can read the article here.
Today, it is the turn of United Bank for Africa, UBA. Yes, UBA customers too can also carry out cardless cash withdrawal. Like the GTB cardless withdrawal, you would have to generate a Paycode to do this.
What is Paycode?
Paycode is a number consisting of between 10 and 14 digits. It is a secure simple payment platform created by Verve.
With the code, you can withdraw money from any ATM as long as your bank is on the platform. Almost all banks have registered and the few not yet integrated would soon be part of it.
However, even if your bank is yet to be part of the system, you can still use it as long as you download the Paycode app. This would be discussed in great detail some other time.
UBA cardless cash withdrawal
The advantages of cardless cash withdrawal are obvious.
- For instance, for one reason or the other, your ATM card might not be close by and you need cash fast.
You want to send somebody to withdraw money but you don’t trust them with your ATM card. Paycode cardless cash withdrawal ensures you don’t have to divulge your card PIN to anybody.
All you need to complete this process is the mobile number linked to your UBA account. The number must be active and inserted in a phone. You are now good to go.
- On your mobile phone dial 919# (to skip several of the steps below, use *91930*amount#)
Look for the ‘Cardless Withdrawal’ option in the menu that appears. You might have to press ‘Next’ if you don’t see the option on the first screen.
Press the option when you see it.
Simply follow the instructions. You might be asked to create a PIN for your mobile banking transactions if you don’t have one already.
If you follow the instructions well enough, the Paycode number and a cash-out pin would be sent as a text message to your mobile phone.
Make sure you keep these numbers safe as you would need them to get your cash at the ATM.
Withdrawing cash at the ATM
Simply follow these steps to get your money from the nearest UBA ATM or any ATM that is Paycode-compliant.
Press any button on the ATM terminal
On the screen, select the ‘Paycode Cashout’ option
Enter the amount and press ‘Ok’. Make sure it is the amount you used when generating the Paycode on your phone.
Your cash would be dispensed to you after verification by the system.
Other things to note about UBA cardless cash withdrawal
You can withdraw up to a maximum of 20,000 only
The Paycode has a validity of 24 hours. After that time, you must generate a new code to withdraw cash if the previous one was unused.
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Apart from withdrawing cash, the Paycode can be used to pay for goods and services via POS.