In a world where technology is rapidly transforming how we handle our finances, the forefront of innovation is introducing a groundbreaking change that could redefine how Aussies interact with ATMs nationwide.

Gone are the days when forgetting your bank card meant being stranded without access to your cash.

The 'cardless cash' system has been a lifesaver for many, but hold onto your hats because it's about to get a futuristic upgrade.


It was revealed that CBA is set to revolutionise the cardless ATM withdrawal experience by implementing a QR code system.

This move places CBA alongside other forward-thinking companies like Chemist Warehouse, which have embraced QR codes to streamline payments and enhance security.


But what does this mean for you, the customer? Let's dive into the details.

The current cardless process, which allows you to deposit and withdraw cash through the app, is scheduled to be phased out by early 2025.

In its place, the new QR code system will be available to CBA customers and non-CBA patrons wishing to deposit money into eligible third-party CBA accounts.


This is a significant step in making banking more accessible and convenient for everyone.

The bank's latest innovation also introduces a new layer of security to protect your digital wallets from potential threats.

With the QR code system, every transaction requires the user's CommBank app to scan the QR code displayed on the ATM screen.

This means that, unlike the previous Cardless Cash feature, you won't be able to share a code or have someone else withdraw money on your behalf.

While this may seem like a drawback for some, it's a powerful safeguard against unauthorised transactions.
So, how will this new system work in practice? It's pretty simple.


As a customer, you'll need to use the CommBank app to select the 'pay' option, followed by 'cardless withdrawal and deposit'.

Upon reaching the ATM, you'll choose the QR cardless withdrawal button, which will prompt the ATM to display a QR code.

Then, you'll use your smartphone to capture the code, and voilà, the ATM will dispense your cash.

It's important to note that the withdrawal and deposit limits are also being overhauled.

With QR Cardless, you can withdraw up to $500 daily and deposit as much as $10,000 daily.

This is a significant increase from the previous $750 daily limit for cash deposits without a card, although the ATM deposit codes were restricted to five uses per day.
What are your thoughts on this new QR code system for ATM transactions? Do you welcome the added security and convenience, or are you reservations about the technology? Share your experiences and opinions in the comments below.