If you've got a smartphone, you really can do it all. Big banks are beginning to incorporate smartphones at its ATMs, according to The Los Angeles Times. Instead of inserting a debit card, customers will be able to withdraw money with a few swipes of their finger on their handheld device.

The three banks that will begin accepting smartphones at ATMs are Bank of America, Wells Fargo, and JPMorgan Chase. These banks are using Apple Pay to allow customers to access their cash at ATMs, CBS News reported.

JPMorgan Chase will integrate new ATMs into circulation, allowing customers to access their bank accounts on ATMs by inputting a specific code.

"Instead of taking the plastic card out of your wallet, you take your phone, log into the app -- hopefully biometrically, with like a fingerprint reader on your phone -- and it gives you what they call a 'one-time use code.' So, you type that code in, you log in, and then that code evaporates. It's kind of like that two-factor authentication that everyone should have on their email where they give you that extra layer of security," CNET Senior Editor Dan Ackerman said.

Cardless ATMs are not a new concept, as they are found across Europe, specifically in Spain, Wired reported. It is also very likely that within the next five years, nearly all ATMs will be cardless.

The reason behind allowing customers to use their smartphones is because it is easier, saves time and allows them to access cash if their cards are lost or stolen.