The present invention discloses a transaction method and apparatus for cardless cash withdrawal. When having received a cardless cash withdrawal reservation request of a user, a first bank server determines whether the reservation request is an interbank cardless cash withdrawal reservation request and satisfies a cardless cash withdrawal condition. When the reservation request is the interbank cardless cash withdrawal reservation request and satisfies the cardless cash withdrawal condition, a second bank server corresponding to bank identification information in the reservation request is determined, and the second bank server is informed of cardless cash withdrawal information, thereby allowing the second bank server to authorize a terminal controlled by same to accept cardless cash withdrawal made by the user. The interbank cardless cash withdrawal is achieved in order that the user can promptly make a cardless cash withdrawal operation at a cash withdrawal terminal that is nearest in an area where the user is located, thereby improving user experience.