PICTURE THIS: You’re in Orchard Road and you totally forgot your wallet - no cash, no ATM cards, no credit cards, NOTHING except your iPhone. What are you going to do? Well, the first thing I would do is GO HOME and get my wallet. But that would take you forever to get home and back to Orchard Road. Forget it! Time is money. Thanks to UOB‘s first Mobile Banking App for iPhone (free download from iTunes store) – you don’t need to worry! This is the first mobile banking application that enables cardless cash withdrawals. Sounds exciting but scary at the same time? Don’t worry, the security issues are taken care of. Sender must register a list of recipients, their relationship with the sender, and the recipientsâ€™ personal information (NRIC and mobile numbers, name) before any transfer can take place. Also, you can transfer a maximum of $500 per day and a recipient can only receive one transaction per day. The transaction is only valid for 24 hours and sender can cancel it anytime.
If you’re an existing UOB customer and iPhone user, why not downoad the app for free and try it out yourself? If you’re an Android or Blackberry user, the apps and web version will be launched soon in 2012.
Let me walk you step by step through this entire UOB Mobile Cash process using the new iPhone app:
Step 1: Login with your Internet Banking ID and password
Step 2: Click on MOBILE CASH
Step 3: Select your debit account, withdrawal amount (SGD), select recipient (remember to add recipient using Internet Banking first!) and etc.
Step 4: Validate your entries and click CONFIRM.
Step 5: You will receive the confirmation page as well as your transaction reference.
Step 6: Your friend/family will receive an SMS on their phone and they must follow the instructions at any UOB ATM machines. First, enter TRANSACTION REFERENCE NUMBER followed by WITHDRAWAL PASSWORD (provided by you!)
Step 7: Confirm your MOBILE CASH WITHDRAWAL.
FINALLY! $10 is mine and let’s go shopping! LOL.
What’s cool is this Augmented Reality function which is a ‘point and view’ feature of the latest card promotions and privileges, and nearest UOB branches and ATMs. You can find more than 1,000 merchant offers through this app. Cool or what? Personally, I’m using the UOB Lady’s card and this is super helpful when I’m out and about at Orchard Road. This app has helped me locate some awesome deals!