Apple Pay ATM: All you need to know

Apple Pay ATM cash withdrawal, is it possible? Here’s everything you need to know about how to withdraw cash using Apple Pay, which ATMs in the U.S. accept it, and how international withdrawals work with Apple Pay.

Is Apple Pay ATM cash withdrawal possible?

Apple Pay is a contactless payment feature from Apple which allows users to add their bank cards to their phone or other eligible device. With Apple Pay, mobile payments in person, online and in-apps are all available in one single device.

Another feature that Apple Pay offers is that users can make cash withdrawal at ATMs, as long as the ATM supports contactless and cardless transactions. 

So how do users locate an ATM that accepts Apple Pay? Just look for the contactless symbol displayed on the machine. It means that it can process withdrawals with a contactless card or a digital wallet like Apple Pay.

Apple Pay is all about convenience and contactless, but it is not everyone. Here are some of the merits and demerits that you might consider before using Apple Pay as your main payment method or not. 

• Merits: With Apple Pay, no physical card is needed, meaning you will only have to use one single device to do all transactions, whether it is ATM withdrawal or online payment. It is also a more secure option when compared to carrying a large amount of cash around. Plus, Apple Pay is actually a free-of-charge app.

• Demerits: The ATM network for Apple Pay withdrawal is not that large, and the chances are you will need to put quite an effort to find an ATM that supports contactless withdrawals. Moreover, there might be additional fee for Apple Pay ATM cash withdrawal, depending on the different banks. And not to mention the device dependency - you can only use iPhone, iPad, or Apple Watch.

Which banks support Apple Pay ATM cash withdrawal 

There are several banks supporting cardless and contactless Apple Pay ATM cash withdrawal, including:

• Bank of America: Currently, the cards eligible for Apple Pay are Bank of America® consumer credit cards and debit cards, Merrill Lynch® consumer credit cards, U.S. Trust® consumer credit cards and debit cards, Small Business debit cards. 

• Chase: Cardless ATM access is currently available on Chase ATMs where you see the contactless payment symbol.

• Wells Fargo: You can use your phone or smartwatch to withdraw cash form 13,000 ATMs in the US, with 5,000 ATMs already supporting NFC payment systems.

• PNC: 

• U.S. Bank: The bank also uses contactless payments with NFC technology, enabling withdrawal using mobile wallets like Apple Pay.

• Citibank: Contactless payment is yet to cover the bank’s entire ATM network, so make sure the ATM has the contactless symbol on it for a card-free withdrawal with Apple Pay.

Basic steps for Apple Pay ATM withdrawal

By following the simple steps as below, you can use your phone or other Apple devices such as iPhone, Apple Watch, iPad, etc. to make withdrawal without the help of any physical card. 

• Step 1: Find a cardless ATM. You can do this by looking at the ATM maps of the Bank that issued your card. Make sure that the ATM has the contactless payment symbol on it (usually a Wi-Fi-like logo), indicating they accept digital wallets like Apple Pay.

• Step 2: When you’re at the ATM, you can double-click on the side button to unlock and open the Apple Wallet right away. Or you open Apple Pay or tap on the app Wallet and then select the card you want to use. 

• Step 3: Now on your phone, there will be instruction telling you to “Hold Near Reader”. Hold your phone against the contactless symbol on the ATM while keeping your finger on the home button.

• Step 4: Do as the instructions on your screen, then enter your PIN using the ATM keypad.

• Step 5: Enter the amount of cash you would like you withdraw and follow the instructions

• Step 6: Collect your cash once the transaction is complete.

With the right preparation, Apple Pay can enhance your banking experience and simplify your financial transactions while you're on the go.

Can you make Apple Pay ATM cash withdrawal when being abroad?

Another common question is whether you can use Apple Pay at ATMs abroad. For this matter, it would depend on whether the country that you are visiting supports contactless payment technology or not. If yes, you would have to even go further on which ATM supports such technology.

Once you have located contactless ATMs during your travels, withdrawing cash with Apple Pay should be as simple as it is in your home country. But be mindful of potential fees. Although Apple Pay doesn’t apply any fees for international transactions, foreign transaction fees, currency conversion fees, and ATM withdrawal fees may still apply. 

For example, many credit and debit cards impose a foreign transaction fee, typically around 1 - 3%. If you use Apple Pay ATM cash withdrawal when being abroad, you may also face a cash advance fee, hence significantly increasing the overall cost of the transaction. To avoid any surprises, always review your card’s terms and conditions to understand any specific charges that may apply, as these fees can vary widely depending on the issuer. 

It’s also a good idea to notify your bank or credit card company before traveling, as this can help avoid any unexpected holds on your card, and help you prepare cash beforehand. By being informed and prepared, you can make the most of your Apple Pay experience while abroad.

In conclusion, Apple Pay ATM cash withdrawal is very convenient, allowing you to easily access cash, especially while traveling abroad. Being informed about the basic steps for ATM withdrawal and the potential fees that might incur will prepare you for any circumstances, making it seamless and efficient for you, no matter where you are.