ATM Questions

Describe 3 advantages to using an ATM. Evaluate those advantages. Post to your blog.

1. The main advantage of using an ATM is the fact that you can have access to the cash in your bank account whenever you need it. For example: If you are at a place (store/ticket booth/train station) that does not accept checks or credit cards but there is an ATM nearby, then you can go over to the ATM and using you card, you can get money withdrawn from your account in cash. Also, this makes traveling without cash much more accessible because if you have your card and you are at a place that happens to have an ATM, then you can get money withdrawn from your account no matter where you happen to be.

2. On some ATMs you can "transfer funds between accounts, buy stocks, check account balances and even buy stamps." All of these features can be accessed with one debit card or credit card and a PIN number. This allows you to have many features of owning your own debit card. For one, no matter where you are, you can get money/stamps/buy stocks quickly and efficiently without the hassle of going and finding a bank where you can make a transfer of your funds or take out money. It is very convenient to use an ATM because of their high speed quality and their ability to do so much with you doing so little.

3. ATM is very convenient and makes life's little emergencies far less challenging. An ATM being convenient is another one of the advantages of using an ATM because no you don't have to carry cash everywhere you go because ATMs are now popping up everywhere because banks know that people like to have the ability to do things wherever they happen to be and quickly. I think that people like to be able to take out money, or transfer money, or buy stocks, or whatever it may be, because it gives them a sense of power. I know that if I had a debit card I would be very enthusiastic because I would know that I would have the convenience of having ATMs all around me, whenever I needed them.