what are the advantages and diadvantages of using an ATM?
113998
The acronym ATM stands for automated teller machine. ATMs have become an integral part of our lives and have existed since the mid-1960s. According to MSNBC Technology Correspondent Bob Sullivan, there are approximately 370,000 ATMs across the United States or 1 for every 296 people. That may be too many according to a recent study by the Dove Consulting Group.\n\nTony Hayes, author of the Dove Group report, stated that as many as 50,000 ATMs may disappear during the next three years if something is not done to rectify this problem. ATM locations make a difference in how they are used and the best locations are gone. Hayes further stated that running an ATM costs roughly $1,000-1,500 per month. Even if fees are at the high end, $2 per withdrawals is insufficient.\n\nIn the 1960s, the primary purpose of the ATM was to provide cash. However, today you can go to your bank's ATM to make a deposit or loan payment, to transfer funds between accounts, or to check your account balance. ATMs are used to obtain money from anywhere in the world. To carry a debit card means you can carry less cash on your person, which guards against money being lost or stolen. Some ATMs will even allow you to buy postage stamps or add money to a prepaid cellular phone service. Although ATMs are common and helpful, people are reluctant to use them because of the misinformation associated with using ATMs. ATMs in the United States handle more than 10 billion transactions a year and the vast majority of the time transactions occur without glitches. Nevertheless, there are times when ATM users encounter problems.\n\nThe use of ATMs makes it convenient for shoppers in the marketplace, yet it can be costly. For example, withdrawing cash from another ATM outside your bank's network may require you to pay a fee ranging from $1.00 to $4.00 per transaction. Such fees may seem small but they add up over time. To avoid paying ATM fees, use your own bank's machines whenever possible. Virtually all banks offer accounts with free ATM transactions to their own customer. However, some financial institutions do have accounts that charge their own customers an ATM fee. Therefore, it would be wise to look carefully at the accounts that are available and choose the one that meets your needs. For example, choose an account that allows free withdrawals from an institution with numerous locations. However, in the event your bank charges an ATM fee, it will probably be less than ATM fees at other banks. Your bank may be able to provide you a listing of banks that will not charge you a fee, or you can find this information on the Internet.\n\nIn addition, if you must use another ATM, become familiar with your own bank's fee for using another institution's ATM. Some banks have agreements not to charge ATM fees to each other's customers. Keep in mind that if you are unable to use a surcharge-free ATM, you could incur two charges---one from the ATM owner and one from your own institution. Federal law requires that ATMs caution non-customers about surcharges before completing a transaction.\n\nConsumers can save time and gas by withdrawing larger sums of money. For example, make a single $100 or $200 ATM withdrawal instead of several $ 20 or $40 withdrawals. You can also save time and energy by getting cash back free when you use your debit card to make purchases at the grocery store or other businesses. Some stores will also cash a check free of charge or charge a fee that would be less than what you will pay at an ATM.\n\nConsumers should also be aware of possible bank overdraft fees when using an ATM card. It is wise to record debit card transactions in your checkbook or another record keeping tool. You cannot always rely on the receipt received from the ATM. This balance may not reflect the checks you have written that have not been paid yet, or debit transactions that have not been posted to your account.\n\nUnder the Electronic Fund Transfer Act (EFTA) t
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It really all depends on where you live, because although there are several banks which span the country they may not have a branch and/or ATM close by.\nThere are certain banks which offer everything you mentioned. You may want to visit bankrate.com to compare charges.
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The main advantage of a network is that computers can share information.  A computer network can store more data than a stand-alone computer.  This is great if you have a business because your employees can exchange vital information easier.\n\nThe main disadvantage would be security concerns, i.e. someone hacking into your network.  However, you can buy software and hardware to help prevent this.  Just remember that any protection you get can be broken if the hacker has enough time and patience.
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Take travelers checks and send the numbers to your own internet e mail address in case you lose the checks they can get replaced.\n\nIf you get the checks in US dollars, you can compare bank rates when you are there and choose. Travelers checks still remain the best way to ensure reliable money on trips. American Express is international and will quickly replace them if lost or stolen.\n\nYou can withdraw from most ATM's in England with your bank card. There is not the same charging system in England for using other banks ATM's (Avoid the ones in stores, stations etc as they do charge). You bank will decide the exchange rate at the time and may also charge a small fee.\n\nAll the UK has "chip and pin" so you need to make sure you have your PIN numbers then you can use your bank card or your credit card in any stores, restaurants etc.\n\nHSBC is a British company with plenty branches in England so you would think "the worlds local bank" would help but don't rely on it, they suck.
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There are no real advantages, only perceived ones! \n\nThere isn't enough space to list all of the disadvantages.\n\nIf some one was to do an honest cost/benefit analysis, very few would own one.
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ING is great.  Check out www.GMACBank.com (also).  I have both. GMAC has an ATM card & free checks as well as electronic transfers. Currently GMAC has higher rates for savings.\n\nBoth are FDIC insured. Both are major players in the on line market.
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Automated Teller Machine
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i know what you mean. atm already stands for automated teller machine so why do some people still say atm machine?\noh well.
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advantages\nnew experiences\nnew climate\ndifferent change of pace\nnew perspectives\n\n\ndisadvantages\nmore money\nmore loans/debt\nmay not like it and then have to move back transfer which can be stressful and take time
43695
I read somewhere (and I'm sorry I don't remember the source) that the reason is that it is more cost effective...  the ATM manufacturer makes all the buttons with braille for those who need the braille, but making a separate run of buttons without braille just for the drive-through machines would cost extra (plus have the additional logistical hurdle of figuring out which machines are drive through and which aren't) and have no additional benefit (except, perhaps, not looking stupid when people access the drive-through machines).
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The only one I can think of is your Check Cashing Outlets.\nThey make it easy for someone who does not have or cannot obtain a bank account. It usually costs about 3% of the value of the check but is an excellent option if you can't get a checking account.
759724
internet access....that way you dont have to deal with bank staff......
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I own three but rarely use them and if I do its to establish and improve my credit. I use my ATM/debit card as a credit card for larger purchases. Your personal credit is used for insurance rates, jobs as well as many other purposes. :)
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a debit card has a Visa or Mastercard logo making it able to be used just like a credit card. An atm is able to do that as well but only at places that dont require your card to have a credit card logo on it...in other words, the debit card will be accepted more places than just an ATM card.
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Advantages\n# Profit from your passion, hobby or area of expertise...\n# Work from anywhere...\n# Start Easily...\n# Start Cheaply\n# Enjoy Huge Profit Margins..\n# Your Business is automated, no worries of inventory or late delivery\n\nDisadvantages :\n# People don't treat you right.. they think you are either one of those scammers or have porn sites :D\n# Because the investment is low.. there is too much competition. If you want to jump into this field, stick to it, it'll make money...\n# you become TOO lazy
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Pros: Better rates and more attention to you as they have few customers.\n\nCons:  Fewer locations and shorter hours.  Often less options and services than a full service bank.
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Depends on if you are the one writing them or recieving them.\n\nWriting:\n~Advantages:\n  -Money is not automatically deducted, so you can write at check at the store, and then go to the bank and put your money in later.\n  -No reciept required, you have a record right there in your carbon copy of how much you spent and where you spent it.\n  -If you still pay bills in the mail rather than online, it's much safer to send a check than a credit card number.\n  -Can't send cash in the mail.\n  -Don't know about you, but I don't carry much cash, so when I owe friends money, they don't accept credit cards.\n\n~Disadvantages:\n  -Checks cost money.\n  -Some places don't accept checks.\n  -Too much writing!\n\n\n\nStore/Vendor/Reciever of Checks:\n~Advantages:\n  -More customers, because they have more choices in how they can pay (the same with deciding to accept American Express or Discover or whatever else)\n  -No specialized machines required (although many stores have check readers or MICRs anyway).\n\n~Disadvantages:\n  -Bounced checks!  (In many cases, the one who the check was written to is who the bank holds responsible for bounced check fees.  It is then your responsibility to get the money from whoever wrote the bad check!)\n  -Can't always verify that they actually have the money.\n\nAnd if you're the bank, that gives you another way to get money out of people!\n\nI hope that helps!