NEW YORK—More consumers are becoming accustomed to using their phones for ATM withdrawals. The increase in comfort levels come as a number of major banks, especially J.P. Morgan Chase, have put significant marketing dollars to back the offerings.
J.P. Morgan Chase, for example, has expanded its card-free access to "nearly all" of its ATMs across the U.S., the company said.
Consumers access the ATM by tapping a mobile device with a Chase debit or Liquid card linked to Apple Pay, Google Pay or Samsung Pay, and then entering a PIN.
“It's functionally equivalent to using your regular card, so you're not facing the usual limits that come with making tap-to-pay purchases. Chase is offering support at 15,000 machines out of 16,000 total,” Engadget explained.