An ATM debit card is a plastic card that comes along with your savings or current bank account.
The user can do several transactions, which includes cash withdrawal, fund transfer, utility bill payments, online purchase etc.
In this article, we will try to bring out some of the uses of ATM cards and their process.
There are different types of cards depending on the type of end users, such as salaried persons, business persons, farmers, students etc.
There are also specific types of cards, which are used by specific users, such as Delhi metro card, IIM card and cards issued by multi-national companies.
Keeping these in mind, let’s see what things you can do with your card.
The Uses of ATM
Things that can do with your ATM card
- Online purchase of items and goods.
- Cash withdrawal at ATM.
- Cash deposit at CDM.
- Balance inquiry at ATM.
- Account mini balance.
- Shopping at the mall and payment at any vendors.
- Fund transfer (ATM to ATM, ATM to account number)
- Mobile number registration at ATM booth.
- Utility bill payments such as mobile bills, electric bills etc.
- Payment of school and college fees.
- Purchase items online
It’s fun doing payments online. Almost all the e-commerce sites such as Amazon, Flipkart, Myntra etc, do accept payment through ATM cards.
It is quite simple to put through the transaction. It’s safe, secure and reliable too but one needs to be careful while indulging in online payments.
One needs to provide an ATM card number and CVV number. You will find the card number on the front side of the card. The number of digits varies as per the type of card and bank. Its 16 to 18-digit numbers for the State Bank of India. CVV number is a three-digit number found on the back side of the card, normally inside a white box.
Online payment ATM
In the above image, you see the online payment option. When you select the debit card option.
The system will prompt you to provide card and CVV numbers among other details such as cardholder name, card expiry date etc.
Now card payment is made all OTP based, which means every transaction requires a specific one-time password to complete the payment process.
An OTP is a 4 digits code delivers to your registered mobile number for every transaction you do online.
Cash withdrawal at ATM.
How to use an ATM
In the above image, you will see the front view of an ATM. The 4 areas which are normally used for cash transactions are marked and labelled.
Whatever transaction you do, you will get a receipt from the panel. Post transaction receipt, mini statement receipt will be printed.
For keying in data and numbers while doing transactions.
Card Swipe Panel
This panel provide you with the initiation of the transaction. You need to swipe or insert your over here in this panel. The system will read your card and will display it for authentication.
It’s on this panel that your money will be dispensed.
These are the basic parts of ATMs which require for normal transactions such as balance enquiries, mini statements, cash withdrawals, fund transfers etc.
How to deposit Cash at CDM
Just like an ATM, CDM (Cash Deposit Machine) is for depositing cash into your account. Instead of going to the branch, you can do a cash deposit on CDM which is pretty simple and less time-consuming.
Here, the system is reversed to ATM. You are going to deposit cash instead of withdrawal. The system has a cash receiver panel instead of a dispenser.
- Swipe the card onto the swipe panel and follow a few simple steps.
- Choose the denomination and amount you are going to deposit. Put the cash on the cash receiver panel.
- Let the system count and get it completed.
- You will get a receipt for the transaction.
How to Enquire Account Balance
Through your ATM card, you can check your account balance anytime.
The process is quite simple. Swipe your card, and on the first screen, there will be a menu of balance inquiries. Click on that and authenticate with your PIN number.
Your account balance will be displayed on the screen. You will receive a printout of it too.
How to Get Account mini statement
You can also get your account mini-statement.
Same as balance inquiry, when you swipe your card, on the first screen there will be a menu for mini statements.
A mini statement is your last 5 transactions. Put your PIN number and confirm. You will get a printout of a mini statement.
Shopping at the mall or payment at any vendors
Your card can be used to pay over-the-counter payments such as groceries, utility bills, petrol pumps, at hospitals and many other vendors.
It is hassle-free and a convenient method of payment. Whether you have cash with you or not, this plastic money will handle everything for you.
Here, all you need to do is to swipe your card in the POS (Point of sale) machine installed at the counter.
Please be careful while punching your PIN number, as crowded places like malls, and hospitals are where there is hardly any private space. You should not compromise your PIN number and card details.
How To Transfer Funds from ATM to ATM
Fund transfers can be done between ATM card to card. You can transfer funds to any account of any bank branch. All you need is the card number of the beneficiary account holder.
When you swipe your card in the ATM, you will see a menu of Card to Card transfer under the fund transfer button.
Click on that, put the card number of the beneficiary, and provide your PIN number when the system prompt and confirm.
How To Transfer Funds from ATM to Bank Account
If you want to transfer funds to another account, you can do so, by visiting any branch of your bank.
Branch has a POS machine installed at the counter or as a standalone POS. You can do it on your own.
Go to the standalone POS machine, and follow the steps.
- Swipe your card on the POS machine.
- Under the menu choose the option fund transfer.
- Click and put the beneficiary account number.
- Provide the amount you want to transfer.
- Put your PIN number and confirm.
How To Register a Mobile Number In SBI Account
You can update your mobile number at the ATM. Here’s what you get on the ATM screen, one for new mobile number registration and the other for changing of existing mobile number.
ATM card is a powerful financial tool that can do a lot of things. That’s right, your card can handle all kinds of financial transactions. As such it is advisable to use it carefully.
One needs to be smart while using it for various transactions. It may be online or offline, do transactions at the trusted site only.
Have extra cautious while punching your PIN number. Make sure no one sees it. ATM fraud is very common nowadays. Every year several cases have surfaced related to ATM card fraud. Millions of funds are involved in fraud. Unfortunately, it impacted the common people only.
Be aware of fraudsters. Your bank will never call you asking for your personal details and card credentials. If someone calls you asking for your card number that’s definitely a fraudster.