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
A report by www.rediff.com gives more
tips on how the debit card can serve
the owner.
[color=cyan]View account balances[/color]
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.
[color=pink]Get mini statements[\color]
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.
[color=red]Refill your prepaid SIM card[/color]
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
there are amount you key in.
[color=orange]Pay your utility bills[/color]
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.
[color=green]Pay your utility bills[/color]
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.
[color=blue]Deposit cash or cheques[/color]
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.
[color=yellow]ATM cards as debit cards[/color]
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.
[IMG]www.atm-link.com/store/media/catalog/product/cache/1/image/1200x1200/6c2ae84c4dc12629f991f9323d557e7e/5/1/5100t_side.jpg[/IMG]
