The main function of ATM is to provide cash to the people without going to the bank. However, ATMs are used for many other purposes.
Whenever there is talk of ATM, only one picture emerges in the mind that money can be withdrawn from there. The main function of ATM is to provide cash to the people without going to the bank. However, ATMs are used for many other purposes. Let us know what other 10 things you can do apart from withdrawing money from an ATM.
1- Can withdraw money
Well, everyone knows that money can be withdrawn from ATM, which is its main function. For this, you should have your ATM card i.e. debit card and you should remember its PIN. You can withdraw money from your account by inserting your ATM card in the ATM.
2- Checking account balance and viewing mini statement
Many people check their account balance through ATM. You can also go to the ATM and check what transactions you have done in the last few days. You can see the last 10 transactions in the mini statement.
3- Transfer money from card to card
According to the website of State Bank of India, you can transfer money from one SBI debit card to another. Through this, up to Rs 40 thousand can be transferred every day. No charge is taken by the bank for this. For this you should have your ATM card, you should know your PIN and also you should know the card number of the person to whom you want to send money.
4- Credit Card Payment (VISA)
You can pay the dues of any VISA card through ATM. However, for this it is necessary that you have your card with you and you should also remember its PIN.
5- Transfer money from one account to another
You can also send money from your account to any other account through ATM. A maximum of 16 accounts can be linked to one ATM card. After this, you just have to reach the ATM with your card and you can transfer money with complete security without any worry.
6- Payment of life insurance premium
You can also pay life insurance premium using ATM. Many insurance service providing companies like LIC, HDFC Life and SBI Life have tie-ups with banks. Under this, you can pay your life insurance premium through ATM with complete security. You just need to remember the policy number and have the ATM card with you.
7- Check book request
If your check book is full then you do not need to go to the bank to get a new check book issued. For this you can go to ATM and request for a new check book from there. This check book will reach you directly at your registered address. If your address has changed, then enter the new address while placing the check book request.
8- Bill payment
You can also pay any of your utility bills using ATM. However, you cannot pay every bill. You have to first check whether the company whose bill is to be paid has a tie-up with the bank or not. Before making payment, the biller will also have to register by visiting the bank’s website. Well, nowadays very few people use it, because bill payments are done through UPI only.
9- Registration for mobile banking
Actually, nowadays many banks start internet banking and mobile banking as soon as the account is opened. However, if your mobile banking is not active then you can activate it by visiting the ATM. Even if you do not want to avail the already available mobile banking service, you can de-register it by visiting the bank.
10- PIN can be changed
If you want to change the PIN of your ATM card, then you will also get this facility at the ATM. Many times people change the PIN because it becomes known to someone else. It is a good habit to keep changing your PIN from time to time, so that you can stay away from the danger of cyber fraud.
