We often undertake transactions at an ATM, which largely involve cash withdrawal and checking balance.
Sometimes, individuals also take a print-out of their statements, though these days the more environment conscious try and avoid the same.
In any case, ATM machines have reduced the footfalls at banks and have also saved time for individuals. These days there are many transactions that one can undertake apart from the usual cash withdrawals.
Here is a list of things that you can do with the help of an ATM machine.
Credit Card Payments
One can use the ATM to make payment for credit card bills. It is simple process. Say for example, if you visit the HDFC Bank ATM you can select 'Pay your credit card bills' option and enter the amount and the credit card number.
The fund is transferred immediately and you can keep the receipt for further reference if needed. This is a great alternative to making cheque payments as the credit is instant.
Utility Bills Payments
With convenience one can pay the telephone, electricity, insurance premium with the help of ATM.
Payments can be made till due date. Once the due date is crossed one should visit and make the payments.
To avail this service from bank, one needs to register, this will be one time registration. One can make payments of direct taxes applicable.
The amount to pay tax will be debited from your account and the receipt with Special Number SIN will be generated.
This number will be needed at the time filing your tax returns online.
Retailers are not required to recharge your mobile anymore, some banks allow you to recharge you mobile number for the amount required.
Yes, one can request cheque book from ATM. However, make your sure address mention in the account and residing address is same.
As some banks send chequebook to the mention address in the account.
In some banks ATMs allow to pay the tuition fees, book FD with mentioned time period and make donations.
However, one should be aware that not all the banks offer all the services. Check with your bank for your ATMs
Individuals who are not comfortable using internet banking or not sure about the online hacking fraud matters can use ATM to avail services.