Automated Teller Machines (ATMs) have long been associated with cash withdrawals, but their capabilities extend far beyond just dispensing money.
While ATMs are indeed a go-to solution for accessing funds, they offer a range of non-financial services that are often overlooked.
These modern marvels, akin to computerized assistants, provide a multitude of conveniences to bank customers.
Let’s delve into the diverse array of tasks you can accomplish using an ATM machine.
1. Account Management: Balance Checks and Mini Statements
ATMs aren’t just about money; they’re about information too. Customers can conveniently check their account balance and even generate mini statements detailing their last ten transactions.
2. Seamlessly Transfer Funds Between Cards
With the card-to-card transfer feature, ATMs enable users to transfer up to Rs 40,000 to another individual. Remarkably, there’s no limit to how often this card-to-card service can be utilized.
3. Settle Credit Card Dues with Ease
Tired of worrying about credit card dues? ATMs simplify the process by allowing you to make credit card bill payments with a few swift steps.
4. Inter-Account Money Transfers Made Simple
Moving funds between your various accounts becomes effortless through ATMs. A single card can be linked to as many as 16 accounts, ensuring seamless transactions.
5. Insurance Premium Payments
Paying life insurance premiums is a breeze through ATMs. Collaborations between insurers like LIC, HDFC Life, and SBI Life and banks have paved the way for premium payments to be conveniently processed using ATMs. Just ensure you have your policy number on hand.
6. Effortless Check Book Requests
Running low on checks? No worries. ATMs offer the functionality to request a new check book. A friendly reminder: updating your registered address at the branch is essential for successful delivery.
7. Hassle-Free Currency Conversion
Foreign travelers can rejoice as some ATMs, like those of HDFC Bank, offer Dynamic Currency Conversion (DCC).
This service empowers travelers to view the precise amount that will be debited from their overseas bank accounts.
8. Bill Payments in a Snap
No more long queues. ATMs can serve as your bill payment kiosks, provided you register on the respective website prior to using the service.
9. Mobile Banking Onboarding
In the era of digital banking, ATMs act as gateways to enhanced convenience.
Customers can register for mobile banking services right at the ATM, opening the door to an array of banking services via their mobile devices.
10. Take Control: Change Your PIN
Security matters. ATMs offer the option to reset your card’s PIN, allowing you to take control of your financial safety with ease.
In conclusion, ATMs have evolved beyond being mere cash dispensers.
They stand as versatile tools that empower customers to manage their finances and access various banking services with unprecedented convenience.
As technology continues to advance, these machines continue to reshape the way we engage with our financial institutions.