Thursday, October 27, 2011
Customer charges for use of A T M
Automated teller machines have gained prominence. Banks levy different charges for using atm.
International experience in countries such as
Germany, France, , bank customers have access to all ATM s in the country, free of charge except when cash is withdrawn from white label ATMs or ATMs managed by non-bank entities. UK
It is 100 % time saving.
But it is dangerous also. Any body knowing atm pin can withdraw the money. a person open a account in one state and withdraw at another state is also possible. if he underwent any crime and he escape to other state he can take money for expense.
All national banks along with m n c banks must maintain the strategy. In nation owned banks they separate hour to fill cash and accountability .this normally takes one to one and half an hour.
In case any holiday proceeds the a t m of nationalized banks will have no money on the next day evening itself to the people. This is practically watched at many occasions.
though few constraints, the a t m facility is very good to the people from electronic technology.