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INVESTBANK LAUNCHES CARDLESS CASH TRANSFER AND WITHDRAWAL FEATURE VIA iBANK

Wednesday, July 29, 2020

In line with its vision to provide digitized banking services and solutions, INVESTBANK introduces Cardless Cash Transfer and withdrawal service, allowing clients to send transfers to beneficiaries, whether they were INVESTBANK clients or otherwise, and withdraw them through any INVESTBANK ATM with no fee, and without the need for a debit card or visiting the branch.

This new service is available 24/7 through a simple application the iBank.jo. Clients submit the transfer amount, define the beneficiary’s name and mobile number. Once this information is submitted, the system generates a voucher ID to be shared with the beneficiary to withdraw the transfer through any INVESTBANK ATM Machine within 48 hours, without the need of a debit card. Clients can transfer up to JOD 250 per transaction, up to four times a day, and ten transactions a month.

Speaking about the new application, INVESTBANK CEO Muntaser Dawwas said, “INVESTBANK has always been at the forefront of digital innovation. Creating a revolutionary and secure digital solutions that ushers in the evolution of real-time access to cash.”

“Delivering an immediate cardless way to withdraw cash helps serve the increasingly fast-paced lives of consumers in the digital age”. Added Dawwas.

The new Cardless Cash Transfer feature was also launched following INVESTBANK’s recent launch of its digital wallet, YAP, offering consumers a new way to pay using their smart devices wirelessly without the need of the physical card.