Personal Impact
Personal Impact
Bank customers don’t have to carry cash around with them so less chance of losing money and robbery. If the customer’s bank card is stolen the thief cannot withdraw the money since he needs the personal identification number (PIN). The thief will be given a number of chances to enter the personal identification number and if fails to enter the correct information the automatic teller machine keeps the card and he cannot carry out any further information.
Bank customers are able to withdraw cash at any time, day or night. The banks don’t need to be open. This will save customers time since there’s no need for travelling to the bank. Also there is no transportation cost and they don’t need to fill out withdrawal and deposit slips as is required at the bank.
Automatic teller machines offer the convenience of multiple locations. Bank customers can withdraw cash at any bank that is part of the system to which their automatic teller machine card is linked. For example, someone is on a road trip and he ran out of cash, he can withdraw from an ATM in a petrol station.
Bank customers are able to withdraw cash at any time, day or night. The banks don’t need to be open. This will save customers time since there’s no need for travelling to the bank. Also there is no transportation cost and they don’t need to fill out withdrawal and deposit slips as is required at the bank.
Automatic teller machines offer the convenience of multiple locations. Bank customers can withdraw cash at any bank that is part of the system to which their automatic teller machine card is linked. For example, someone is on a road trip and he ran out of cash, he can withdraw from an ATM in a petrol station.