Software

Commonwealth Bank intros QR cashless withdraw for ATMs

Photo: Rafael Henrique - stock.adobe.com

November 20, 2024

Commonwealth Bank in Australia, announced it will roll out a QR code system for its ATMs in early 2025 for cardless cash withdrawals and deposits. This will replace the current cardless app-based system, according to a report by Yahoo! Finance.

Customers can withdraw up to $500 a day or deposit up to $10,000 per day. With this system, non-CBA customers can also deposit money at ATMs into third-party CBA accounts.

Upon rollout, customers can use the CommBank app to scan the QR code and make a withdrawal, according to the report.