Since the dawn of the ATM (automated teller machines), banking has never been simpler. An automated teller machine, or ATM, provides one the convenience to make quick and prompt cash withdrawals. However, the purpose of the ATM does not end there, various other banking transactions, such as depositing money, transfer of funds and balance inquiries and account updates are possible via ATM machines. Since, the system saves, time and reduces delays, banks have ATMs located inside, outside or at various convenient and accessible locations, like gas stations, grocery stores and malls, so on.
There are a few things to consider before using an ATM,
Verify the network logos: These logos may be located in the ATM or debit cards, are indicative of the acceptable banking consortium. This means the ATM machine will have a list of acceptable logos posted on it. Even though many cards are universally acceptable these days, there is a charge on using the card in other bank ATMs after a number of withdrawals.
Be Vigilant: The use of debit card at ATM machines should be done under complete care, make sure no onlooker can see the PIN designated to provide access to your account.
These machines are easy to operate and provide systematic guidance to the users, the steps involved in using an ATM.
Step 1: Select the appropriate bank ATM.
Step 2: Insert your ATM card in the designated slot or swipe the card depending on the machine.
Step 3: Select the language that you desire for the user interface, most machines offer English and regional languages to choose.
Step 4: Enter the PIN (Personal Identification Number) provided along with the ATM card at the time of registration. Make sure you memorize the PIN and never disclose the same to a stranger or even acquaintance, to avoid the risk of card fraud.
Step 5: Select from the given transactions. Generally, the options are available at most ATMs, such as withdraw, deposit, balance inquiry and transfer. If you choose to withdraw, the ATM prompts for the amount, which once entered the ATM checks the balance of the account, and renders the cash if feasible.
Step 6: The machine prompts for printed receipt, which will be provided if you opt for the same.
Step 7: One can choose to continue with more transactions or finish the same.
Make sure to remove your ATM card, if it is inserted at the beginning of the transaction, without fail.
The common dilemma when using the ATM, is forgetting the PIN, the ATM machine allows only a number of attempts before confiscating the card. If one forgets the PIN, should request for the same at the issuing bank. Many fall victim to card frauds by not being vigilant and careful when transacting at ATM machines, be aware of your surroundings and keep the bank ATM card safe. The ATM provides a world of ease and accessibility to the users, by its easy, instantaneous and safe process.