Best Tips to Safely Use a Cash machine
A cash machine, also known as an ATM (Automated Teller Machine), is a convenient way to get access to your money. But you should be careful and take safety precautions to help protect yourself and keep your information safe.
Use ATMs in Well-Lit Locations: If you opt to withdraw cash from an ATM, only use one in a brightly lit, busy location. Do not use isolated or poorly lit ATMs, particularly at night.
Block Your PIN: Use your hand or body to hide the keypad so that no one can read your Personal Identification Number (PIN) as you enter it. This one basic step can keep your information away from potential thieves.
Sharing a PIN with a friend or family member is something you should never do. Your PIN is a secret code known only to you.
A Brief History of Cash Machine Evolution
Automated teller machines, or cash machines, have revolutionized how we access cash and perform banking transactions. **ATMs**: Automatic teller machines (ATMs) are almost an inseparable entity of human life.
In the 1960s, the idea of **ATMs** took off with the first cash dispenser placed in London by Barclays Bank. This ATM had a limited functionality that only allowed customers to withdraw a limited amount of cash at banking hours.
With the advent of technology, **ATMs** evolved to provide more services, such as checking account balances, transferring cash between accounts, or even depositing cash and checks.
These days, **ATMs** are located in numerous places, including bank branches, supermarkets, convenience stores and shopping malls, providing clients with banking services 24 hours a day.
Today’s **ATMs** utilize security measures like PINs and encryption to keep transactions secure. Even as mobile banking and digital payments gain in popularity, **ATMs** are finding ways to adapt to consumers’ changing needs.
Use of Cash Machines: Reason for Convenience
The fast pace of technology advancement has made cash more accessible than ever. Another very common way to withdraw cash is through an ATM or cash machine. Countless thousands of people prefer these easy-to-use gadgets because they provide a wealth of advantages.
**Convenience**: You can access cash machines day or night, taking your money out regardless of time. Whether you need cash for a late-night snack or an unexpected expense, ATMs are there to help.
**Convenience**: ATMs can be found at many locations such as banks, shopping centers, airports and convenience stores. The widespread proliferation of ATMs also allows people easy access to their money no matter where they are.
Cash machines are not only convenient and easily available, but they also provide a sense of security. When you need cash, you can limit the amount you carry on you by withdrawing from an ATM the specific amount you need. This changes the fact that you cannot lose it or get stolen. Then, ATM transactions are facile and most ATMs have features that protect your information.
What Are Cash Machine Withdrawal Limits?
If you are thinking of making a withdrawal from a cash machine, be mindful of the limits that come with withdrawals. The specific cash machine and the bank running it affect the limits, though. Knowing the limits can go a long way in making sure you can get the cash you need — no problems!
Some cash machines only allow you to withdraw a certain amount of cash per day. In essence, you can only withdraw limited cash within a 24-hour period.
Some cash machines will follow a per-transaction limitation, limiting how much cash can be taken out in a single transaction.
Keep in mind that these limits exist for security reasons. Limiting the amount of cash that can be withdrawn from a customer’s account can help banks protect their customers from theft and fraud. Understanding the withdrawal limits can also help you plan your finances more efficiently and prevent any inconvenience in withdrawing cash when necessary.
Protect Your Information at a Cash MoneyMachine
**Cash Machines** or ATMs: These are a convenient way to access your funds at any time. Nonetheless, due to the proliferation of cybercrime and identity theft it is important to be cautious and take the **actions** necessary to protect your **information** when performing transactions.
So here are some important tips; to protect your **personal information** and money by using the ATM:
Do not use **public Wi-Fi** networks to perform ATM transactions. Such networks are frequently unsecured, thus providing **cybercriminals** more opportunity to capture your data.
Always shield the **keypad** while entering your PIN. This one easy step stops **shoulder surfers** from stealing your PIN and gaining access to your account.
You should pass through your **bank statements** regularly and report any suspicious activity as early as possible. It can help you identify **fraudulent activity** early, so you can prevent any financial loss.
