ATM card-holders in Saudi Arabia will now be able to withdraw cash in emergencies without actually using a card.
The maximum cash withdrawal without a card is SR 1,000.
Talat Hafez, Secretary-General of the Media and Banking Awareness Committee of Saudi banks, said: “The customer will be able to access his account without the ATM card through a specified secret code.”
The other 22 banks in Saudi Arabia are expected to follow suit soon.
The move follows a recent initiative by some Gulf banks to allow the use of national identity cards for financial transactions.