Bank Asia unveils QR code-based cash withdrawal service ‘Scan to Cash’

Bank Asia PLC has launched "Scan to Cash", an advanced QR code-based cash withdrawal service for its customers on Monday.

With this facility, customers can easily withdraw cash from any Bank Asia branch without using a cheque or debit card, according to a press release.

Under the "Scan to Cash" service, a unique QR code is displayed at the cash counter of every Bank Asia branch. To make a withdrawal, customers simply open the Bank Asia Smart app on their smartphone, scan the QR code, enter the desired amount, and authenticate the transaction using a one-time password (OTP).

Once the authentication is complete, the teller hands over the cash, and the customer's account is instantly debited to reflect the withdrawal amount.

Customers can make up to five transactions per day, with a daily withdrawal limit of Tk 300,000. The new service ensures a time-saving, convenient, and seamless banking experience.

As part of its commitment to customer-centric digital banking, Bank Asia's "Scan to Cash" marks a milestone in expanding secure, smart, and hassle-free financial services, the release added.