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How secure is the Retiro Móvil (Mobile Withdrawal) service?

The Retiro Móvil (Mobile Withdrawal) service is designed to be secure for its users. When requesting a withdrawal, you must log in to the Mi Banco Mobile app with your username and password. In some devices it is even necessary for the customer to complete a fingerprint authentication process prior to initiating a transaction. If you are not a customer, you will need to enable the security passcode. When redeeming a withdrawal at a participating ATM, you need to scan the QR code with the Mi Banco Mobile app installed on your device.