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You no longer need a card to get cash from nearly every Chase ATM (JPM)

You no longer need a card to get cash from nearly every Chase ATM (JPM)

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Contributions

  • I’m not an avid ATM user because I just...don’t ever use cash. Unless I’m buying fruit on the street.

    So this seems like a stopgap measure right before we all go cashless. Of course this could be a very attractive thing to a younger audience and chase could be making a smart play for new customers

    I’m not an avid ATM user because I just...don’t ever use cash. Unless I’m buying fruit on the street.

    So this seems like a stopgap measure right before we all go cashless. Of course this could be a very attractive thing to a younger audience and chase could be making a smart play for new customers, rather than innovating on ATMs.

    That being said, I do keep cash for use in emergencies—in case the electrical grid shuts down or some such horrific thing occurs. In that case card, or card-less it doesn’t matter, you need cash and a plan.

  • This feels inevitable. What also feels inevitable are the monstrous security concerns, and the endless theft attempts. This should be interesting.

  • I think many are missing the point here. This move by Chase implies that cash is not going away anytime soon, and that it is in fact worthwhile to invest in making access to cash more convenient than it is today.

  • Whoa. The future is here. What a move forward for Chase. I love this idea. How long until branches are obsolete as well?

  • Only if it was 20 years ago...hardly used any cash quite a while.

  • Such an interesting digital shift on a few levels: one, cashless banking is increasingly conducted via phones and other personal devices (as with mobile deposits) rather than proprietary plastic; two, cash, which has always been the payment method of choice for operating outside a trackable system, has

    Such an interesting digital shift on a few levels: one, cashless banking is increasingly conducted via phones and other personal devices (as with mobile deposits) rather than proprietary plastic; two, cash, which has always been the payment method of choice for operating outside a trackable system, has increasingly become the payment method of choice for anyone who wants to decrease their data fingerprint and targetable characteristics in everyday purchases and transactions. Yet with this feature, getting cash out from an ATM brings your phone into the data mesh. So there are privacy and security tradeoffs going on here, but the more tangible story is a personal, practical one: this plays to the scenario I often experience already, which is that there have been whole days where I leave my apartment to run errands carrying just my phone and don't realize I have forgotten my wallet until I see it when I get back home.

  • This seems like a weird demographic to target.

    - You have the technophobes, who avoid ATMs and will wait in line for 20 minutes at the bank to withdraw $20 cash. They won't be moving toward ATMs, regardless of the interface.

    - You have the tech-savvy folks, who want to move toward whatever is the

    This seems like a weird demographic to target.

    - You have the technophobes, who avoid ATMs and will wait in line for 20 minutes at the bank to withdraw $20 cash. They won't be moving toward ATMs, regardless of the interface.

    - You have the tech-savvy folks, who want to move toward whatever is the newest, safest, and most convenient method to access their money. They will move toward whatever creates the fewest steps from earnings to purchase, and anything that involves cash will be the first to go.

    - The folks in the middle are rapidly going one direction or the other.

    I don't envision a large group of folks who want the tangibility of cash with the minor convenience of accessing it with their phone instead of a card. Maybe I'm wrong.

  • I consistently saw ads for this new service with Serena Williams (the US Open is around the corner after all) being the face of it.

    Also, Chase has really been pushing more services and technologies to the mainstream more efficiently than its competitors and even other credit card companies like AmEx.

  • Going cardless issue-using digital money issue, apple pay/Samsung pay etc