Written by The Banking Post
Bank Asia PLC has rolled out “Scan to Cash”, a new QR code–based cash withdrawal service that allows customers to withdraw money without using a cheque or debit card.
Under the new system, a unique QR code is displayed at every Bank Asia branch counter. Customers simply open the Bank Asia Smart App, scan the code, enter the desired amount, and confirm the transaction using a one-time password (OTP).
Once verified, the teller instantly hands over the cash, and the amount is deducted from the customer’s account in real time. Users can make up to five transactions a day, with a daily withdrawal limit of Tk 300,000.
The bank said the feature aims to offer customers a faster, more convenient, and secure banking experience while reducing dependence on physical instruments like cheques and cards.
Bank Asia described the launch as a milestone in its push toward digital-first, customer-centric banking and a step forward in making everyday transactions smarter and more seamless.
