Muganbank has introduced one more new service - “Cash by Code” to its clients. The “Cash by Code” enables getting instant cash from ATM even without having a bankcard. Muganbank cardholders can do a “Cash by Code” transaction either via ATM or through Mobile Banking service.
Use of this service is simple.
Cardholder selects “Cash by Code” option in ATM and types the mobile number of the recipient and amount of transfer. The system generates code in two parts. The first part is printed out in the form of a check and the second part is sent as SMS-messages to the recipient cell phone. The recipient must enter both parts of the code in any Azericard-connected ATM within 24 hours and get the cash.