You can now get money from a Wells Fargo ATM without using a debit card

Wells Fargo Bank is introducing new technology that will allow smartphone-toting customers to withdraw money at all of its 13,000 ATMs without inserting their debit card.

Customers wishing to use the service can get a use-only-once 8-digit code from the bank’s phone app. Customers then input the code and their ATM PIN number to access ATM options.

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About 20 million Wells Fargo customers use the app, the company says.

Later this year Wells Fargo also plans to introduce a “tap and pay” ATM access service that uses “near-field communication” (NFC) technology. To use the service, owners of NFC-equipped smartphones can sign on to one of several mobile wallet apps – Wells Fargo Wallet, Apple Pay, Android Pay or Samsung Pay – and hold the phone near an NFC-enabled ATM terminal before inputting their ATM PIN number. About 40% of Wells Fargo ATMs are currently NFC-enabled.

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“We believe the future is cardless,” says Brett Pitts, the company’s head of digital for virtual channels.

The banking company also said Tuesday that it has agreed to pay $110 million to settle a class-action lawsuit stemming from its fake-account sales tactics used by employees for several years before they were uncovered last year. To meet aggressive sales targets, bank employees created up to 2 million accounts for credit cards and other bank offerings without customers' permission.

The scandal led to the resignation of its former CEO John Stumpf and Wells Fargo's payments of $185 million last year to federal and California authorities who were investigating the company.