How to use a QR code generator for banks

Last updated:   July 11, 2022

A QR code generator for banks brings many benefits to financial firms.

Banks use QR codes for a smooth, convenient, and secure transaction, guaranteeing even better customer satisfaction.

Given this innovation, clients might ask, “How do I get a QR code for my bank account?”

The flexibility of this tech tool certainly knows no limits. Here, you’ll learn more about how banks use QR codes.

Why do banks use QR codes?

qr code generator for banksThe popularity of QR codes continues to rise across industries, particularly in the business and marketing sectors.

A June 2021 survey in the US revealed that 59% of the respondents believe that using QR codes would become a permanent part of their mobile phone usage.

Banks can then use QR codes to provide a safe and seamless banking experience for their clients.

QR code technology brings many benefits and advantages that banks and their clients enjoy.

Moreover, users only need their smartphones to scan QR codes and access their encrypted information, making this technology even more useful.

How do banks use QR codes?

A QR code can serve different functions, making them extremely helpful in any field or institution. Here’s how banks can use QR codes:

Cashless payments

qr code banks cashless paymentsFinancial establishments can use QR codes for faster and safer cashless payments.

After scanning the QR code, clients would land on a secure payment page where they can use their mobile banking or mobile wallet app.

Clients can pay their bills through this method without taking money out of their wallets and even without going to the bank.

Related: QR Code for payment: Road to a cashless society

Brand promotion and marketing

video qr code banks brand promotionBanks can build and strengthen their brand image by using QR codes for promotional campaigns.

QR codes can also help them market their services to potential customers.

QR codes can work on digital platforms such as social media sites or print media such as flyers and brochures.

This feature lets banks reach more people in their campaigns.

Looking for a way to promote your bank? You can create a video QR code to show promotional or advertising videos to your clients and target audiences.

Digitalized transactions

qr code banks google formsQR codes remove the inconvenience of manually filling out printed forms for bank transactions, such as deposits, withdrawals, and loan applications.

Financial institutions can create QR codes that redirect their clients to digital forms online.

The clients would then only fill out these forms with their smartphones.

In light of COVID-19 health and safety protocols, banks can also set up QR codes to route clients to contact tracing forms.

If you want to provide convenience for your clients, you can create QR codes for Google Forms.


Contactless transactions

QR codes can help in minimizing contact in ATM transactions.

Clients would no longer have to insert their cards and enter their PINs to withdraw cash.

Also, banks can opt for QR codes to create contactless digital registration forms to track clients who come in and out of their premises.

Security

dynamic qr code banks security


Banks can use QR codes to ensure that all transactions have end-to-end encryption. They can also integrate QR codes into their clients’ ATM cards for additional security.

Aside from that, QR codes can replace one-time passwords (OTPs) in bank transactions. It provides convenience to clients since they would no longer have to type passwords manually.

To make the QR codes secure, banks can use dynamic QR codes so they can add a password to each code.

Identity authentication

vcard qr code banks identity authentication


Financial firms authenticate people who come in and out of their premises for added security.

Bank managements can generate unique QR codes for each employee and staff for quicker and easier identity authentication.

QR codes can also function as an identity tracker.

When scanned using a smartphone, the code will show the employee’s or cardholder’s identification, sending the information to the database.

You can use the vCard QR code to create identification codes for your employees.

You can also create multiple unique QR codes for your clients using the bulk QR solution.

Money transfer

Banks can create QR codes for bank transfers to provide ease and convenience to clients who want to send money to their family, friends, or business partners.

The clients’ recipients can then receive the cash by scanning the QR code. With a QR code for bank transfers, the transactions are faster and more secure.

Donations

qr code for donations

Financial establishments can use QR codes to encourage their client to send donations to beneficiaries.

Scanning these donation QR codes will lead customers to a safe and secure donation page. They can have the option to send money using their credit or debit card or a mobile wallet.

Related: How to do a contactless donation drive using a QR code

Real-life use cases of QR codes for banks

1. OCBC Bank

ocbc bank qr code

Image source

The OCBC Bank in Singapore now offers QR Cash Withdrawal.

This innovative service allows clients to conveniently withdraw from any OCBC atm without using their ATM cards, credit or debit cards, and PINs.

Clients would only use the OCBC Pay Anyone app to scan the QR code on the ATM screen to withdraw cash.

This feature helps lessen physical contact with the ATM. Even better, users can still withdraw cash even without their cards.

2. BharatQR

bharat qr code banks

Image source

Bharat QR, “the world’s first interoperable QR code acceptance solution,” aims to accelerate India’s transition to a cashless society.

Several leading banks in India have started integrating BharatQR into their system and workflow, such as Bank of India and Axis Bank.

Clients can then use BharatQR for bank transactions and purchasing products and goods.

3. Diebold Nixdorf 

diebold nixdorf qr code vynamic

Image source

Diebold Nixdorf introduced a new feature in their Vynamic™ Digital Cardless Transaction service.

The new feature allows customers to use their existing digital banking app to scan the dynamic QR code on the ATM terminal screen to identify their location.

Customers can then quickly confirm the transaction using the banking app to withdraw or deposit their money.

With this QR code use, clients need not touch the ATM’s screen and buttons, creating a “touchless ATM experience.”

4. Central Bank of Brazil

brazil pix qr code safetypay

Image source

The Central Bank of Brazil built a bank transfer payment method called PIX.

SafetyPay facilitates this payment platform, and it uses QR codes for in-store payments.

The PIX QR code allows non-credit cardholders and fraud-wary consumers to transact and pay online without providing further information.

Today, PIX has linkages to over 700 financial institutions in Brazil.

URL QR codes for payment

You can now create a QR code for payment using our URL QR code solution.

Today, some websites let users create personalized links where others can send them payments.

A famous example is PayPal.Me, where you can create your link and add your photo to let your end-users recognize you.

You can then share this link with your customers or clients so they can pay you.

Moreover, you can also set up donation drives with sites such as Donation Point Go and GoFundMe.

Once you have created a fundraiser, you can embed the link in a QR code.

How to create a URL QR code for payment

QRTIGER’s URL QR code solution is free to use. You can also use dynamic QR codes by availing any of our subscription plans.

Here’s how to create a QR code for your payment link:

1.      Select the URL solution.

qrtiger url qr code

2.      Copy your personalized link and paste it onto the empty bar.

qrtiger copy link url qr code

3.      Click the “Generate” button and wait for your QR code to appear.

qrtiger generate qr code

4.      Modify your QR code’s appearance using our customization tools.

qrtiger customize qr code

5.      Scan your QR code first to check for readability errors.

qrtiger scan test qr code

6.      Once it’s working, click “Download.”

qrtiger download qr code svg

Now that you have your payment QR code, you can share it online or print them.

Click here for our QR code printing tips.

To ensure your QR code’s efficiency, check out our article on QR code best practices.


QRTIGER: the best QR code generator for banks

Any enterprise must keep up with the rapidly changing trends to thrive in the competitive market.

Since most people today prefer being in the digital world, banks must find a way to digitalize their operations.

You can integrate QR codes into your systems by using a QR code generator for banks.

This integration will upgrade the quality of services you offer to your clients, and they can access these services with just one quick scan.

With QRTIGER as your trusted QR code generator for banks, you can guarantee the quality of your QR codes, the safety of your client’s information, and the satisfaction of your banking clients.

brands using qr codes

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