Get cash without your bankcard and PIN. Aeon Bank is to roll out automated teller machines that identify account holders solely by their fingerprints.
The lender, which is affiliated with retail giant Aeon Co., said Wednesday it will begin offering the machines in March. It will be the first bank nationwide to operate such ATMs.
The machine scans two fingerprints, checks them with records, and then allows a user to check the account balance, or make deposits, withdrawals and remittances.
For the time being, cash withdrawals and remittances will be limited to ¥1 million per day.
The ATM is based on a system developed by Liquid, a Tokyo-based startup, which has advanced fingerprint authentication technology.
One benefit of the service is that savers caught up in a natural disaster can obtain cash even if they are without their usual possessions, an Aeon Bank official said.
Moreover, users of the ATMs could cancel their cash cards, helping to reduce identity theft.
Those aged 18 or over who have ordinary deposit accounts at Aeon Bank will be able to register their fingerprints.
Aeon Bank plans to introduce one of the ATMs at a branch in Tokyo’s Chiyoda Ward on a trial basis in February, whereupon savers will be able to apply to register their fingerprints.
The bank will launch the service fully around late March, with 5,500 ATMs planned nationwide from the summer.