Cardless cash Withdrawals
MobileCash – send and withdraw cash, without a Debit Card.
1. Login to our Mobile Banking App & select the amount of cash to withdraw
2. We’ll send a One Time Password to your mobile or the person you want to pay
3. The Password can be used to withdraw cash at over 200 RAKBANK ATMs
Banking with RAKBANK has just become even easier, thanks to our new innovative MobileCash service.
You can now withdraw cash for yourself or enable a beneficiary to withdraw cash from any RAKBANK ATM without the need for a Debit Card.
Enjoy all these benefits:
• Faster cash withdrawal from any ATM without a Debit Card
• No need to visit a branch and use the Teller services
• Get access to your money even if your Debit Card is lost, stolen or forgotten
• Pay cash remotely to a third party instead of issuing a cheque
• Cardless withdrawal of up to AED 5,000
How MobileCash works:
• Log on to Mobile Banking and select “MobileCash”
• To withdraw cash select ‘Self Withdrawal’
• To send money to someone else select ‘Beneficiary Withdrawal’
• Select ‘Debit Account’ and enter the amount you want to withdraw
• A One Time Password (OTP) will be sent to the requested mobile number (either yours or your chosen beneficiary) via SMS
• You or your beneficiary can visit any RAKBANK ATM, enter the OTP and withdraw the cash
• The OTP is valid for 24 hours
Who can use MobileCash?
• RAKBANK Mobile Banking customers
• If you are sending money to a beneficiary, he or she needs a valid UAE mobile number
MobileCash is one more way RAKBANK makes banking simply better.