What are the benefits of an ATM card?

Benefits of ATM card ATM card is a safe, profitable and convenient tool (withdrawing money and paying for goods and services) to help cardholders use their money in a scientific way. ATM cards became more and more popular in the 4.0 era. This is the most convenient and secure payment tool available today.

How can you use an ATM card?

Generally, you can use the ATM card at ATM vestibules provided by your bank for cash withdrawals. You may also withdraw cash from other bank ATMs, up to a specified limit (typically 3-5 transactions per month), but the limit differs from bank to bank. If you exceed the limit of using other bank ATMs, you may have to pay a nominal fee.

How is an ATM card different from a debit card?

Unlike debit cards, ATM cards have only a single feature—anytime cash withdrawal. Like debit cards, ATM cards are also PIN-based, and the PIN is linked to your bank account. Generally, you can use the ATM card at ATM vestibules provided by your bank for cash withdrawals.

What is the difference between a debit card and a credit card?

A debit card differs from a credit card in that a debit card user does not take on a debt obligation; once the underlying funds in a linked bank account are used up, the debit card cannot be used to make additional purchases.