Most cardless ATMs accept Apple Pay. This covers significant financial firms like Bank of America, Chase, and Wells Fargo. You only need to check for the contactless icon to know if the ATM is NFC-enabled. To answer your question, the digital wallet is now usable at ATMs. The details on securely using Apple Pay and ways to withdraw money from ATMs using Apple Pay will further clear the clouds of confusion.
Security Boost by Apple Pay:
It was previously argued that cellular payment solutions pose a security risk to their consumers. The curious question that arose on this issue was that if It is so simple to use, it has to be simple to abuse too. The truth speaks otherwise. The security locks, together with Apple’s extra effort, have given huge organizations enough confidence to put their fortune on the line to enable its common usage in banking routines.
NFC scanners can assist to avoid ATM skimmers, providing more credibility to contactless systems. That means you can ditch your wallet and instead use your iPhone or Apple Watch to pay at retailers or restaurants and even get money from the ATM.
Setting up Apple Pay Wallet:
It is just as simple to withdraw money with Apple Pay as it is to use it at a store. All you have to do is open your device’s Wallet app, choose the card of your choice, position your phone next to the NFC sign on the ATM, and it will identify your ID by Touch ID.
If you are using Apple Pay for the very first time, getting used to it could be a little bit tricky. The below-given steps will guide you to get started with your digital wallet.
First, you need to go to your Apple Pay app and add your desired debit card to the Apple wallet. After entering your card in your digital wallet, it is good enough to use at ATMs, shopping malls, and restaurants according to your needs. You can add multiple cards to your Apple Pay wallet, but only one card can be set as default at a time.
Using ATM with Apple Pay Wallet to withdraw money:
Apple attempts to make things as simple as possible for users.
Open your Apple Pay app and choose the debit card you wish to pay from.
You need to position your phone over the contactless icon on the ATM. Using your Touch ID, confirm the usage of the selected card. Finally, you need to enter your ATM pin code and the cash amount you wish to collect.
Another way to withdraw money using Apple Pay is through bank transfer. You can collect money from an ATM if you have Apple Pay Cash in your digital wallet.
Using Apple Pay Cash:
Apple Pay Cash may be used to buy products with a cashback option at select retailers. However, it is uncommon for corner shops to provide this choice. If it is compatible with your liking, you can transfer your money from the Apple Pay Cash wallet directly to your bank account.
Disadvantages of using cardless options for cash withdrawals:
The daily limits of cash withdrawal are limited. However, this varies depending on the account and the bank. To find out what your cash withdrawal limit is, consult your bank’s account declaration. Some banks may provide a sharing option in which you may have someone collect your money. But all the banks are not equipped with this facility. Some banks are less certain about NFC solutions and have instead developed their applications with in-house security. So, Apple Pay does not work for all the banks. Because the financial giants are still uncertain about using NFC-powered cardless payment options, there are very few banks and ATMs which accept the facility of Apple Pay. For rural areas, the problem is much more as such remote areas are not yet equipped with cardless payment technology. Apple Pay Cash is only applicable at certain places that do not normally offer cashback.
Conclusion
For the sake of convenience, you can use your Apple Pay wallet for storing money in the form of Apple Pay Cash and may be able to use it at quite a few places which accept Apple Pay as their payment module. But this facility is limited and rarely available in every bank or retail shop as people’s confidence in the security and authenticity of NFC-powered banking systems overpowers the desire to use a convenient neo-technological way.
What happens if Apple Pay is declined?
You have inadequate money in the account if you are declined. However, the card you’re utilizing may have been temporarily frozen or even prohibited. In that case, contact your bank and notify them of your situation.
Why is my debit card not selected on the Apple Pay app?
This can happen when there is a system downgrade at Apple Pay. There is nothing you can do but call Apple and inquire when the problem will be resolved.
