Seven things your ATM card can do

Most customers feel comfortable using their debit cards to withdraw money from the Automated Teller Machine.

Some have gone the extra steps of using it to pay for goods and services at the Point of Sale machine.

However, the plastic can do a lot for
customers and totally transform their transaction life if they are
careful and versatile with its usage. 

View account balances

With your card, you can visit the ATM,
insert the card, and punch in your Personal Identification Number.
Select view account balance to know your balance.

Get mini statements

Mini statements are the shortened
version of what your bank sends to you after every three months. That is
your bank account statement.

The bank can also provide you with a
printed passbook detailing all the transactions you have done in a
particular month. But if you hate going to your bank because of the long
queues and pesky customers surrounding the bank’s teller inquiring
about their accounts, your ATM card can be used to give you a mini
statement on the go. This statement gives details about the last five to
six transactions on your bank account.

Transfer money between accounts

You have two different accounts with the
same bank or different banks, you can transfer the funds to the account
of your choice. For instance, if your salary is paid into a particular
bank but you prefer to keep your money in another bank, you can always
transfer the funds to your preferred account using your ATM. Go to your
bank’s ATM, follow the procedure and transfer funds from the first
account to the second account. You can use it to pay into another
person’s account.

Refill your prepaid SIM card

Modern-day technology has helped
interconnect telecommunications with your bank account. Now you can even
refill or recharge your prepaid SIM card at your bank’s ATM.

Again you will need to punch in your PIN
and then follow the commands that appear on the screen till the time
you are done refilling your account.

However, do take care to remember the
amount for which you need the refill. Your service provider should
support the amount you key in.

Pay your utility bills

This is one facility that helps you cut
through long, serpentine queues. Your ATM card will help you make
payments on all these consumer services.

Just find the nearest ATM kiosk, be
ready with your PIN and you won’t have to spend hours standing in the
scorching sun to make your utility bill payments.

Deposit cash or cheques

This is what some conservative bank
customers won’t like. For years, they have been visiting their bank
branch to meet the genial teller at the counter, deposit their cash or
cheque, make some small talk and then go back to do their mundane
chores.

The ATMs seem to have dispensed with
this old-world charm thing as well. In fact, many a time you will find
your bank encouraging you to avail yourself of these services using your
ATM card.

However, those still romancing the old
ways of banking and those who think that banking is all about people and
relationships can visit their bank’s branch, meet the bankers they know
and avail of most of the services mentioned above.

ATM cards as debit cards

This is one facility that spendthrift consumers should take advantage of.

If you have enough cash in your bank
account, then you can always flash your ATM card to buy and pay through
the Point of Sale machine.

The transaction process works the same
way with your credit card. The only difference being the use of debit
card at a merchant’s outlet will make you poorer by the transaction
amount immediately.

But then, this is always better than
using a credit card considering the amount of complaints you may have
against your credit card company.

Apart from these, you can book your air tickets using your ATM.