Royal Bank of Scotland and NatWest customers will soon be able to withdraw money using just their mobiles. Smartphone owners will be able to withdraw up to £100 with the aid of a new mobile app – no plastic necessary.
There have been several attempts at replacing our wallets with NFC-enabled smartphones, but all of them rely on you using the phone for cashless payments. If you want some cold hard cash, a new app called (appropriately enough) GetCash may be just the thing.
The app (available for iOS, BlackBerry and Android) will let you request up to £100. Once this is approved by checking your balance and authenticating with a secure password, a six-digit code is generated that can by tapped into any of RBS/Natwest’s 8,000 cash machines. As an extra security measure, the code stays hidden until you touch the screen of your phone, so you can just pop it up the instant you need to key it in.
“It is a really simple and secure way to help our customers get cash whenever and wherever they need it,” says Ben Green, head of mobile for RBS and NatWest.
The idea is that you will eventually be able to leave your cashcard at home. Having access to cash isn’t all you get with a bank card though, so we would think you need a cashless payment system like Google Wallet or an equivalent before you can truly ditch the plastic.