Bank of Ceylon Cardless Withdrawal : boc.lk

Organisation : Bank of Ceylon
Facility Name : BOC Cardless Withdrawal
Applicable For : BOC Customers (Personal Account Holders)
Applicable Country : Sri Lanka
Website : https://www.boc.lk/personal-banking/boc-digital-banking/cardless-withdrawal

What is BOC Cardless Withdrawal?

BOC Cardless Withdrawal facility brings ease and absolute convenience in making Cash Withdrawals and additionally it allows making payments to third parties. Facility could become paramount when in an emergency and other mission critical situation to withdraw money from the Account when the Debit Card issued by the Bank is not in possession physically. To enroll in to the service, simply visit to the nearest branch and get the facility enabled.

Related / Similar Facility : Bank of Ceylon Smart Passbook App

The Bank of Ceylon Cardless Withdrawal Facility is a service that allows you to withdraw cash from your account without using your ATM card. This can be useful if you have lost your card, forgotten it at home, or if the ATM is not accepting cards.

To use the Cardless Withdrawal Facility, you will need to have a BOC account and be registered for mobile banking. You will also need to have your mobile phone with you, as you will receive a one-time password (OTP) that you will need to enter in order to complete the transaction.

Here are the steps on how to use the Cardless Withdrawal Facility:
** Go to a BOC ATM or Cash Recycling Agent (CRA).
** Select the “Cardless Transaction” option on the screen.
** Choose whether you want to withdraw from your own account or send money to another account.
** Enter your account number and mobile phone number.
** You will receive an OTP on your mobile phone. Enter the OTP on the ATM screen.
** Enter the amount of money you want to withdraw.
** Confirm the transaction.
** The cash will be dispensed from the ATM.

Eligibility of BOC Cardless Withdrawal

** BOC Customers (Personal Account holders) – Cardless Withdrawals & Initiate T-Key to Send Money
** T-Key Receiver could withdraw Cash from BOC ATMs/CRMs.

Benefits of BOC Cardless Withdrawal

** Around the Clock Accessible (24 x 7 service)
** Transactions are Secure and are convenient in banking
** Debit Card is not required to the withdrawals by Self
** Micro Payments can be made without having the Beneficiaries account number
** Urgent Cash can be issued to a relative or kids in sudden requirements
** Physical presence of the Receiver is not needed. Third Party Transaction is valid for a Day (24hrs).
** Transactions are possible even to the non-BOC Customers via Transaction Key (T- Key)

Transaction Limits of BOC Cardless Withdrawal

Withdrawal from the own account :
** Maximum daily transaction limit: Rs. 100,000/-
** Total Transaction Limit for a Day: Rs. 100,000/-
** Number of Withdrawal for a Day: 05 times

Initiating Transaction Key (T-Key) – 24Hours validity:
** Maximum daily transaction limit: Rs. 25,000/-
** Total Transaction Limit for a Day: Rs. 25,000/-
** Number of Withdrawal for a Day: 03 times

Fees & Charges of BOC Cardless Withdrawal

** Withdrawal from own Account (Cardless) Rs.5/-
** Withdrawal using a T-Key Rs.30/-

Note:
There are some limits on how much money you can withdraw using the Cardless Withdrawal Facility. The maximum amount you can withdraw per transaction is Rs. 50,000, and the maximum amount you can withdraw per day is Rs. 100,000.