Nowadays, many banking services are available online. You can easily log into your bank app or internet banking from home. However, you must visit an ATM or bank branch to withdraw money.
Many people view ATMs merely as machines for cash withdrawal, but they offer various services that often go unnoticed. Here’s a breakdown of some of these services:
Account Balance Inquiry: You can check your account balance at an ATM. After inserting your card, select the ‘Balance Enquiry’ option. Your account balance will appear on the ATM screen, and you can also receive a printed slip if needed.
Money Transfer: ATMs allow you to transfer money from your account to other linked accounts. You can link up to 16 accounts to one ATM card. To initiate a transfer, insert your card, enter your PIN, and follow the prompts to send money securely.
Cash Withdrawal: ATMs’ primary function is cash withdrawal. You need your ATM or debit card and your Personal Identification Number (PIN) to withdraw cash. Simply insert your card, enter your PIN, and select the amount you wish to cancel.
Mini Statement: You can obtain details of your recent transactions at an ATM. Most ATMs provide information about your last ten transactions and a slip for your records, eliminating the need to visit a bank branch.
VISA Card Dues Payment: You can settle your VISA card payments through an ATM. After inserting your card and entering your PIN, select the payment option to pay your credit card dues.
Utility Bill Payments: Some ATMs allow you to pay utility bills such as electricity or water. This service depends on the partnership between the utility company and your bank. Make sure to register the biller through your bank’s website first.
Mobile Banking Activation: You can also activate or deactivate mobile banking services at the ATM. If mobile banking is not active on your account, you can enable it there. To cancel mobile banking, simply follow the de-registration process at the ATM.
Insurance Premium Payments: If you hold life insurance policies with companies like LIC, HDFC, or SBI Life, you can pay your premiums through the ATM. All you need is your ATM card, PIN, and policy number.
Requesting a New Cheque Book: If you need a new cheque book, you can request it directly from the ATM. The cheque book will be sent to your registered address. If you’ve changed your address, you can update it when you request it.
You can make the most of your banking experience at ATMs by being aware of these services.