Standard Chartered Bank Kenya has upgraded all its ATMs to enable customers make card-less withdrawals and transfer of funds directly to third parties.
The
Sh200 million upgrade, the top-tier lender said, allows customers to
make withdrawal requests via the mobile phone banking platform, which
generates a special code to be used to withdraw cash at the ATM.
“The
service will attract the same charges as the current ATM debit card
withdrawal charges,” said head of retail banking David Idoru in a
statement.
Clients can also share the code with third
parties to withdraw cash from another ATM without revealing their
passwords at no additional fees.
This may save them time and charges they incur in when they transact on mobile platforms such as M-Pesa.
“As
soon as a client generates a voucher it is valid for two hours. If the
voucher number is not utilised within the two hours, the transaction is
reversed and the amount credited back to the client,” he said.
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