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CQuick Cardless Cash Deposits: Deposit Money in ATM Without a Card

Historically, self-service banking via a kiosk like an ATM has always required a bank card, such as a debit or dedicated ATM card issued by the bank. This card was used to securely verify the customer’s identity at the ATM and enable access to their account to withdraw cash or view account details.

In an increasingly digital world, financial institutions constantly innovate to provide customers with faster, more secure, and more convenient banking solutions. One such innovation gaining popularity is cardless cash deposits.

This article explores the concept of cardless cash deposits, their benefits, and how they are transforming the way we handle transactions.

The Limitation of Physical Cards

Even newer self-service banking kiosks like cash recyclers and cash deposit machines (CDM) in a lot of banks require a bank card to gain access to banking services. This introduces a limitation to self-service banking as the bank card becomes a prerequisite.

debit and credit card, the example of plastic money

This alienates a few groups of people, such as adult populations of developing regions where many remain unbanked or unfamiliar with advanced banking products. These people also don’t have bank cards in many cases or choose not to carry them around.

Global Chip Shortage

Another issue that has recently plagued the global banking industry is the shortage of chips due to political unrest. These chips are used in all EMV cards that are supplied by banks and other financial institutions.

This means that there is a limited supply of bank cards, and running out of these cards is a very real possibility.

What If ATM Cards Go Extinct?

What happens when no new cards can be issued? All cards have an expiry date, and when no more can be produced, how will people get access to their money? When your debit card gets stolen, what then? Will we have to visit our nearest branch during operational hours to withdraw cash?

th eimage shows the benefits of cardless cash deposit for the customer

Meet CQuick, A Cardless Bulk CDM

Well, no. None of this is necessary because cardless atm self-service kiosks exist and are already deployed in many parts of the world. One example is Azimut’s CQuick, a cardless bulk cash deposit kiosk.

cdm machine which is used to cash deposite


It Doesn’t Need An ATM Card (Deposit Money in an ATM Without a Card)

CQuick, unlike conventional ATMs or recyclers, can be used to transact without the need for any bank cards. You may ask how this can possibly be secure. With advanced and extensive KYC checks, CQuick is just as secure, if not more, than any other banking machine.

Check out how Wavetec helped Bank Alfalah improve operational efficiency with Azimut’s CQuick Cash Deposit.

Safe & Secure With Advanced KYC Protocols

With extended KYC capabilities, CQuick offers multiple channels to verify a customer’s identity with great speed and security. It can be connected at the backend to a country’s national identity database to verify customer identity against their ID cards as well as facial recognition and liveness detection.

kyc id verification


Alternatively, for countries where KYC mandates don’t require ID verification, a mobile OTP verification can be performed by sending a unique code to the customer’s registered mobile number. When the correct code is entered into the CDM, the verification check is successful, and the customer may proceed to deposit cash or avail of other services.

The Future is Cardless Cash Deposit

Resources are limited, and now more than ever, I think we need to realize how important it is to limit waste and think about a sustainable future. There are nearly 30 billion bank cards in circulation today, and in a few years’ time, they will expire and be in a landfill somewhere. That is a metric boatload of plastic waste, and it isn’t a one-time thing, either.

A card expires, and another one is issued instantly, only to be thrown in the bin after another 5 years. The only solution to this is doing away with cards entirely and enabling alternate channels to fulfill the same needs. For transactions, there are mobile wallets like Apple Pay, and for self-service banking & ATMs, there are cardless kiosks like CQuick.

Frequently Asked Questions

Are cardless cash deposits secure?

Yes, cardless cash deposits incorporate various security measures to protect your transactions. These measures often include encrypted codes, two-factor authentication, and secure communication channels between your mobile device and the ATM.

What happens if I enter the wrong code or encounter an error during the cardless cash deposit process?

If you encounter any issues during the transaction, such as entering the wrong code or experiencing an error, it’s recommended to contact your bank’s customer service immediately. They can assist you in resolving the problem and ensure that your funds are properly credited or refunded if necessary.


Cardless cash deposits represent a significant step forward in banking technology, offering customers a more convenient, secure, and efficient way to deposit cash. With the increasing reliance on digital platforms, this innovative solution is expected to gain wider adoption in the coming years. As more banks embrace cardless cash deposits, customers can look forward to a more streamlined banking experience that aligns with the demands of our fast-paced, digital-centric world.


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