WSFS Financial, the parent company of WSFS Bank, has introduced a new service that allows clients to securely withdraw cash from an ATM by using their WSFS Mobile Banking app.
The new platform, called WSFS Mobile Cash, is a new feature on the bank’s mobile banking app and is now available at all WSFS Bank branch locations.
"Customers can use their mobile phone to click on a special feature of the WSFS app; touch the "WSFS Mobile Cash" button on any WSFS Bank branch ATM screen; select the withdrawal amount; scan a picture of the unique cash code on the screen using their phone; and then retrieve their cash and receipt from the ATM," WSFS Financial said in a statement.
WSFS will be the fourth bank in the US to offer the service.
WSFS president and CEO Mark Turner said: "This product represents the latest in security, convenience and speed in regards to digital technology in banking. We are pleased to bring this to market as it aligns tightly with our strategic commitment to innovation throughout the entire organization.
"Our passion to innovate has recently brought to bear the launch of the new WSFS Business Mobile Banking App, a strategic alliance with Zenbanx and our dedicated focus to pursue technologies and opportunities as they become available."