Wells Fargo, the third largest bank here in the United States, is rolling out the ability to use your Android phone or iPhone to withdraw funds from any of their 13,000 ATMs nationally. The new feature will be in place starting Monday, March 27th. It is yet another step towards technology in the banking sector, a sector notoriously slow at adopting new technologies. That is particularly true here in the US where Chip-and-PIN terminals are just now making their way into retailers.
How the new system will work is straightforward. In the Wells Fargo app, you will be able to request an 8-digit code which you then enter into the ATM. You will then have to enter your personal PIN for your account and once it is verified, your funds will be provided. This means that you can withdraw cash from your account even if you forgot your bank card.