What Is An ATM Card?


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Evelyn Vaz answered
An ATM card which is also known as the bank card is generally issued by a bank or a credit union. An ATM card can be used for withdrawals, to known your account information and also other types of transactions, which often happen between inter bank networks. It can also be used at any shopping centers that accept cards. One of the biggest advantages of having a debit card is that you don't really have to carry cash. You can transact money straight from your account into the shoppers account.

In order to withdraw cash form the ATM you need to dial a specific pin number. It is only after this personal identification number that you will be allowed to withdraw the desired amount. In case of a loss of ATM card, you must immediately contact your concerned bank and ask them to stop all your transaction. Due to which your card is blocked and you will receive an entirely new card.

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