ALAT by Wema Bank is Nigeria’s first fully digital bank and is designed to give you a seamless banking experience. If you are having issues on how to withdraw cash from ALAT why not read on to see what we have for you in store.
Convenience is the watchword and with ALAT you can do all your transactions without stepping into a physical bank. One of the key features of ALAT is cash withdrawal and you can do it in multiple ways so you can have access to your money whenever and wherever you need it.
Want to withdraw cash from an ATM, transfer to another bank or do a cardless withdrawal? ALAT has got you covered. The ease and speed of withdrawing cash from your ALAT account is a big plus for many users especially those who value convenience and security in their banking.
This article will walk you through the different ways you can withdraw cash from your ALAT account so you can manage your finances easily.
So if you are ready to learn how to withdraw cash from ALAT, read on to see your options.
5 Ways on How to Withdraw Cash from ALAT by Wema
You can withdraw cash from your ALAT account in several easy ways. Below are the methods, so you have all the information you need to get your money easily.
1. ATM Withdrawal
One of the simplest ways to withdraw cash from your ALAT account is through an Automated Teller Machine (ATM). Here’s how to do it:
Step 1: Find an ATM
First find a Wema Bank ATM or any other ATM that accepts your ALAT card. You can use the ALAT app or the bank’s website to find the nearest ATM.
Step 2: Insert Card
Insert your ALAT debit card into the ATM. Make sure you are using the card linked to your ALAT account.
Step 3: Enter PIN
Once your card is accepted, the ATM will ask you to enter your PIN. Enter it correctly to avoid any problem.
Step 4: Select Withdrawal
After entering your PIN, select “Withdrawal” from the options on the screen.
Step 5: Amount
Select the amount you want to withdraw. Note the daily withdrawal limit set by the bank may affect the amount you can take out.
Step 6: Get Your Cash
Once you’ve confirmed the withdrawal, the ATM will spit out the cash. Don’t forget to collect your card and receipt after the transaction.
2. Cardless Withdrawal
If you don’t have your debit card with you, ALAT has got you covered with cardless withdrawal. Here’s how to use it:
Step 1: Open ALAT App
Open ALAT app on your phone. Make sure you’re logged in.
Step 2: Go to Cardless Withdrawal
In the app, go to Cardless Withdrawal. It’s usually found in the withdrawal or transfer section.
Step 3: Generate Withdrawal Code
Follow the prompts to generate a code. This code is time sensitive and will be used to complete the withdrawal at the ATM.
Step 4: Find an ATM
Find a Wema Bank ATM or another cardless enabled ATM.
Step 5: Select Cardless Withdrawal
At the ATM, select cardless withdrawal option from the menu.
Step 6: Enter Your Code
Enter the code generated from the ALAT app and follow the prompts to complete.
Step 7: Collect
Once approved, the ATM will dispense the cash. Make sure to collect the receipt.
3. Bank Transfer
If you want to withdraw cash but prefer to do so from another bank, you can transfer from your ALAT account to another account. Here’s how to transfer:
Step 1: Log into ALAT
Open ALAT app or website and log in.
Go to Transfers.
Step 3: Transfer Type
Transfer to another ALAT account or to another bank.
- Enter Details
Enter the recipient’s account details, account number and bank name. Enter the amount you want to transfer.
- Confirm Transaction
Review and confirm the transaction. You may be required to enter your ALAT PIN for security verification.
- Complete Transfer
Once confirmed, the funds will be transferred. You can now withdraw cash from the recipient’s bank ATM or branch if needed.
4. Over-the-Counter Withdrawal
If you prefer the old way of withdrawing cash, you can visit any Wema Bank branch to withdraw from your ALAT account. Here’s how:
- Visit a Wema Bank Branch
Find the nearest Wema Bank branch. Check the branch’s working hours to avoid visiting when the branch is closed.
- Fill Out a Withdrawal Slip
At the branch, ask the teller for a withdrawal slip. Fill in the required details, account number and amount to withdraw.
- Present Identification
Provide a valid ID, national ID or driver’s license to verify your identity. This is compulsory to secure your account.
- Submit Slip
Give the completed withdrawal slip and your ID to the teller.
- Collect Cash
Once the teller processes your request, you will get your cash. Make sure to count it and keep the receipt for your records.
5. Mobile Money Agents
You can also withdraw cash through mobile money agents. Here’s how:
- Find an Agent
Use the ALAT app to find a mobile money agent near you who can help with cash withdrawal.
- Enter Your Details
When you get to the agent’s location, enter your ALAT account details and the amount you want to withdraw.
- Verify Your Identity
You may be asked to show ID to confirm your account ownership.
- Collect Cash
Once the agent confirms your details, you will get your cash. Keep the transaction slip as proof of withdrawal.
Basic Things to Take Note of:
- Daily Limits: ALAT has daily limits for security reasons. You can withdraw N1,000,000 per transaction and N5,000,000 daily. Be mindful of these limits to avoid issues.
- Fees: While many transactions are free, some withdrawals may attract fees especially when you use ATMs not operated by Wema Bank. Check the fee structure in the ALAT app or website.
- Security: Always be in a safe environment when making withdrawals, especially at ATMs. Be cautious and report any suspicious activity to your bank immediately.
- Transaction History: Keep a record of all your transactions. Use the ALAT app to view your withdrawal history and budgeting.
Conclusion
Withdrawing cash from your ALAT account is stress free, we have multiple options for you. Whether you want to use an ATM, cardless withdrawal, transfer to other banks, visit a branch or use mobile money agents, ALAT has got you covered. The options are designed to cater to your preferences so you can manage your finances your way.
Follow the steps above and you can withdraw cash from your ALAT account with confidence knowing you have all the information at your fingertips. Banking is not just about transactions, it’s about experience. So go ahead and try out the flexibility of ALAT by Wema Bank and bank the way you live.
