A Guide to Cardless ATMs

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent, and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or network providers. Read more about our Editorial Guidelines and How We Make Money.
What Is a Cardless ATM?
How to Use a Cardless ATM
Step 1. Open the bank’s mobile app. It’s often possible to start the process of withdrawing money from a cardless ATM by logging into the bank’s mobile app and then requesting either ATM access or a withdrawal. Step 2. Make the request. After that, a QR code will display on the ATM screen and that can be scanned with the phone. Or a one-time access code will appear that can be entered into the app. Step 3. Authorize the transaction. Next, the user needs to authorize the withdrawal on their phone and then they can get cash from the machine.
Withdrawing Money From a Cardless ATM
Advantages of Cardless ATMs
Speed and Convenience
Safer
Less Contact
Disadvantages of Cardless ATMs
Not Entirely Contactless
Lack of Accessibility
Lack of Tech Compatibility
The Takeaway
Frequently Asked Questions
Photo credit: iStock/martin-dm
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About the Author
Jacqueline DeMarco is a personal finance writer and editor based in Southern California. While she spends the bulk of her time writing about complex financial issues, she also tackles a variety of subjects ranging from food to fashion to travel. Her work can be found across dozens of publications such as Credit Karma, LendingTree, Northwestern Mutual, The Everygirl, and Apartment Therapy.
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