The simplified, easy and secure way to make cash payments
Avoid the hassle of issuing cheques or maintaining debit cards anymore.
Convenience
Secure
Multiple Beneficiaries
Reduced Cost
Click here to view the user guide.
You can now take advantage of businessONLINE’s Cardless Cash Withdrawal feature – a safe and convenient way to distribute cash to your beneficiaries.
Empower suppliers, vendors or staff to withdraw cash from your corporate account through our widespread network of 100+ ATMs across UAE.
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The benefits of Cardless Cash Withdrawals include
Convenience
Can be allocated to anyone with a UAE mobile number and valid Emirates ID
Secure
PIN will be sent to beneficiary's mobile number, with a validity of 24 hours
Multiple Beneficiaries
Bulk upload and bucket transactions options to allocate cash to multiple beneficiaries
Total Control
Users can recall the transaction before the beneficiary withdrawal
Reduced Risk
Can be used to distribute petty cash amongst the employees, reduces the risk of having cash at one location for distribution
Reduced Cost
No requisition of Debit/Prepaid Card, reducing the maintenance cost
How it works
Get started with these simple steps
Step 1
To initiate a request, login to businessONLINE
Step 2
Select the Cardless Cash Withdrawal menu
Step 3
Enter the amount and select desired beneficiary
Step 4
Upon authorization, a reference number will be sent to beneficiary's mobile number
Step 5
Beneficiary can visit any of the Emirates Islamic ATMs and withdraw cash within 24 hours from receipt of SMS
Things to remember
- Once initiated, the transaction is valid for only 24 hours
- You can only initiate transactions to registered beneficiaries
- If your beneficiary types in the wrong OTP or amount thrice consecutively, the transaction will be cancelled automatically. This is to safeguard you against fraud or theft
What are people asking?:
Cardless Cash Withdrawal is a businessONLINE feature which allows you to provide special access to third parties (with a UAE mobile number and Emirates ID), to withdraw a specified amount of cash from your account through any Emirates Islamic ATM.
Once you register a person as a beneficiary through businessONLINE, you can log in and initiate a transaction by specifying details such as amount and beneficiary's mobile number. Inform the nominated person about the amount which he/she is allowed to withdraw. Once the request is initiated online, the beneficiary will receive an authorization code via SMS on their UAE mobile number with which they can visit any Emirates Islamic ATM and withdraw the specified amount of cash.
Any businessONLINE user who has access to the Own Account Payments option, can access Cardless Cash Withdrawal option.
The Cardless Cash Withdrawal product will be entitled by default, if the Own Account Payment product is entitled to the businessONLINE subscription, Cardless Cash Withdrawal product will follow the same Authorization Workflow as that of Own Account Payment product. However, the admin user can amend the workflow later on.
Login to businessONLINE, click on the Payments tab. Click on Initiate Payments, and then on Cardless Cash Withdrawal. To know more, please refer to our user guide.
Yes, you can initiate multiple Cardless Cash Withdrawal requests to various beneficiaries at a time, using the Basket and File Upload options on businessONLINE.
Yes. The withdrawal amount should always be in multiples of 100 e.g., AED 100, 200, 5,000 etc. The maximum withdrawal amount per request is AED 20,000. You can initiate a maximum of 10 Cardless Cash Withdrawal requests per day from all your company's accounts, collectively (i.e. per CIF). Per day, a maximum amount of AED 200,000 can be withdrawn from all your company's accounts, collectively (i.e. per CIF).
Once the beneficiary receives the authorization code via SMS, he/she can visit any Emirates Islamic ATM and follow the steps below:
- Tap on the Cardless Withdrawal option on the ATM screen.
- Enter the mobile number on which they have received the authorization code
- Note: If the beneficiary is not an Emirates Islamic customer, the ATM will prompt them to insert their Emirates ID for verification
- Enter the amount to be withdrawn
- Enter the authorization code received on their mobile number
- Tap the Confirm button.
The authorization code received via SMS is valid for 24 hours. The expiry date and time will be mentioned in the SMS.
If the beneficiary does not withdraw the amount before the authorization code expires, the request will be cancelled automatically, and the amount will be returned to your account.
The SMS can only be sent once per Cardless Cash Withdrawal request. In this case, you can cancel the request through businessONLINE and initiate a new request to the beneficiary.
Yes, a Cardless Cash Withdrawal request to a single beneficiary can be cancelled through businessONLINE as long as the beneficiary has not withdrawn the cash. However, requests initiated to multiple beneficiaries using the Basket or File Upload options cannot be cancelled online.
Once the request is initiated, you will not be able to correct the mobile number. You can cancel the request through businessONLINE and initiate a new request with the correct mobile number.
Yes, when initiating the request online, you can setup any upcoming date (including bank holidays) when you would like the cash withdrawal request to be executed. Your beneficiary will receive the authorization code to withdraw the amount on the selected date.
No. There is no cut off time to initiate Cardless Cash Withdrawal requests.
Yes, Cardless Cash Withdrawal requests can be initiated on bank holidays.
No, the Cardless Cash Withdrawal service is free.
No. Currently Cardless Cash Withdrawal requests are not available on Host2Host.
Yes.
If the beneficiary enters the incorrect authorization code in the ATM three times successively, the request will be cancelled, and an SMS notification will be sent to you and the beneficiary.
If the beneficiary enters the wrong amount when withdrawing the cash, the request will be cancelled, and an SMS notification will be sent to you and the beneficiary.
If you have initiated multiple Cardless Cash Withdrawal requests to the same beneficiary and if he/she enters the incorrect authorization code for any one request, all the Cardless Cash Withdrawal requests for that beneficiary will be cancelled. Once cancelled, both you and the beneficiary, will receive a notification via SMS about the cancelled requests.
The beneficiary would be required to insert their Emirates ID in the ATM when withdrawing cash only if they are not an Emirates Islamic customer.
Yes
No. Cash can only be withdrawn from ATMs in AED currency.
If the beneficiary does not withdraw cash before the authorization code expires, the amount will be reversed to your account automatically. Once the code expires, the beneficiary cannot use it to withdraw cash. You would have to initiate a new request to the beneficiary.
No. Currently, only UAE mobile numbers can be used for Cardless Cash Withdrawal requests.
