There is a functionality on MB Way that goes unnoticed to many users and who, in times of tightening, can make a difference. It is fast, dispenses physical card and allows you to put money available to someone else, even if not from the same bank. The essentials, however, is to know the rules and limits to avoid discomfort.
How it works, in practice
According to MB Way, the user generates in the app a temporary code that allows you to raise money in a box from the multibanco network, after pressing the green key and choosing the option indicated on the screen. The process is simple and the cash is accessible in minutes for those who receive, without a card. Among the advantages listed by the service, the operation is designed for urgent situations or when the recipient has no cards by hand.
According to the same source, this survey fulfills the general rules of the network: the amounts are in multiples of 10 euros, with a maximum of 200 euros per operation. The daily limit per user is 400 euros, the same practiced for traditional surveys. The validity of the code is 30 minutes, and can be generated more than one code per day, as long as the daily roof of the ATM is not exceeded.
SIBS, the Multibanco network manager, confirms these global limits: per day it is not possible to raise more than 400 euros, and the maximum by operation is 200 euros. That is, the “fast method” obeys the same butmsticks as the card lifting.
Costs, Registrations and Safety
MB Way clarifies that code surveys have no costs for the user. Still, as it happens in the rest of the service, it should be seen the bank’s table for other associated operations. It is also important to note that transactions are recorded: MB Way itself allows us to consult operations in the activity menu and, like any regulated payment, movements appear on account statements. “Send without a trace” is not a goal that this system serves.
Critical point: Code is, in practice, money by hand. It should be shared only with trusted people and private channels. If it is fooled to the recipient, the app allows you to cancel the code while it is valid. And for obvious reasons, never share the code in public groups or open networks.
When it makes the same sense to use
This method gains usefulness when someone needs immediate cash and has no card, when there is no immediate transfers available, or when urgency exceeds the convenience of waiting for the compensation between banks. It reminds you of generally that MB Way includes this possibility of raising money without cards, as well as payments and shipments, being an interbank solution already mature in everyday life.
For context, MB Way’s money submission limits are higher, but concern the transfers between accounts: it can send up to 2,000 euros per transfer and the recipient can receive up to 5,000 euros per month, with a maximum of 50 operations. They are different ceilings from those applicable to code surveys.
The essentials of this method
The MB Way lifting code allows you to put money in someone else’s hands, in ATM boxes, without card, almost immediately. It is worth 30 minutes, it is usable once, and is limited to 200 euros per operation and 400 euros per day, and besides having no costs for the user, is registered in the application.
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