There are many benefits of using the bank’s Automated Teller Machine. One of them is the quick cash withdrawal.
As the name suggests and is well known to all, just insert your ATM debit card into the Automated Teller Machine, punch the code and the amount you want to withdraw and you get the cash in your hands.
In addition to the above, there are many lesser known but useful features of the ATM debit card, according to www.careersandmoney.com.
Anyone can have a bank card
All you need is a bank account to get a debit/ATM card issued to you. This is much easier than applying for a credit card as a debit card is simply linked to your bank account.
Account balance inquiry
You can check your account balance at the ATM. Also there is a facility to get mini statement of your bank account.
Details of recent transactions
Through the ATM card, you can quickly get the mini statement giving the details of recent transactions carried out in your bank account. Not only that, you can print this statement too.
Of course, the information would be in brief and limited to the last eight or 10 transactions only.
Deposit cash / cheques
Did you miss the banking hours or are you far away from the bank branch? Now there is no need to go the branch to deposit cash or cheques. Just go to the nearest ATM and do the needful. The ATM clearing times are displayed at the ATM.
If you are holding the ATM card then most of the banks allow you to transfer the funds from one account to another account on a real time basis. Some banks also let you transfer funds from your accounts to any third party.
Pay your Utility bills
Under this useful feature provided by most of the banks, you can make payment for utility bills.
Make other payments too
Using your ATM card, you can now make payment for your credit card bill, Pay taxes, do mobile phone recharge etc.
The benefits of using the ATM cards are more than evident.