disadvantages of ATM machine?
Answers
Answer:
Spending Discipline. With an ATM card, you have access to the funds in your account from many different convenient locations. ...
Security and Safety. Criminals target ATMs, so using an ATM could place you at risk for robbery after withdrawing money from the machine. ...
PIN Recollection. ...
Fees Can Break You.
Answer:
If problem with credit card you cannot withdraw your money.
If someone watches or hacks an atm machine your details may be taken if you forget your PIN number you cannot use the card.
Cannot be provided in rural areas: In a country like India, where banks are having large number of rural and non-computerized branches, ATM services cannot be provided.
Limitation of cash withdrawals: Again there is a limitation of cash withdrawals from ATM. For example, many banks do not permit withdrawal of more than 25,000 at a time.
Cash deposit facility is not safe: Similarly cash deposit facility is restricted and not safe as dropping of envelope and ATM is not advisable.
Possibility of misusing ATM card: ATM card, if misplaced, lost or stolen, may be misused. There are number of such reported incidences now a day.
Loss of personal touch with the Banks: Last but not the least; customers lose personal touch with their bankers.
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