In the current era, most of the individual enjoy the comfort of cashless transactions. When you use an ATM card or debit card, you don’t need to concern about carrying ample physical cash and getting a pen to write a cheque. ATM (Automated Teller Machine) or Debit Cards are now very usually used by individuals for withdrawing cash from ATMs after the standard banking hours. In addition, a debit card can also be used for offline and online buys or checking account balance also.
Debit Card Advantages-
As we know that debit cards are very much used in the current times. Not only do they create transacting and paying simple surprisingly fast, but also, they are globally accepted. From your local grocer and retail outlets to major restaurants, you can pay with your Debit Card, which is directly connected to your bank account. Here are plenty of debit card advantages that you can see one by one.
1. Debit Card Helps To Save Time –
ATM card cum debit card saves time. It helps to offer you with the possibilities of banking instantly for diverse transactions such as: transfer funds, pay utility bills & insurance premium, deposit cash/cheques and claim for new cheque book. Probably, this is one of the best benefits. It helps in withdrawing the cash in a few minutes and thus saves time.
2. Globally Accepted –
If you are in out of the country (or in another country), you can not forget to carry enough cash with you. ATM cum debit card can help you handle hurdles of any service. For instance- if you have not enough cash to pay restaurant bill and more, you can transfer money using your ATM or debit card.
3. Transferring Cash Conveniently–
Whether you do not have access to Net banking, funds may be transferred from your bank account to that of another bank using a debit card.
4. Helps To Paying Daily Utility Bills –
Through ATMs cum debit cards, you can easily pay your utility bills like gas bills, mobile phones bills, Wi-Fi bills, electricity bills and much more. You require to register the biller on the bank’s website before paying the bills.
5. It Helps To Remit Money To Insurance Premium –
Most of the Insurers such as LIC, SBI Life and HDFC Life have attached with banks to provide premium payment through ATMs. Just hold insurance policy number handy.
6. Decreases The Hassle Of Bank Queues –
ATM cum debit card helps to avoid queues in bank places. It helps to get rid of the hassle of bank staff and queues system on the bank premises.
7. Provides Security Features –
The use of ATM is committed only to the person who knows the debit PIN. Accordingly, if you keep the PIN secret, nobody but you can utilize the ATM to do the financial exchanges. Also for security purposes, you can set everyday transaction limits and the ATM receipts can assist you with monitoring your transactions and the money transferred or withdrawn.
8. Easy 24*7 Banking –
It provides 24 x 7, 365 days a year banking perks. At the ATM (Automated Teller Machine), now you are free to do your transactions inside financial hours. You can do transactions without any worry in public holidays and bank holidays.
9. Helps to Fix a Budget ( Work as a good budgeting tool) –
This is one of the best things about a Debit Card that you cannot pay out more money than you have, which implies you cannot go into debt. This helps you to maintain your budget, since every time you transact, the money is deducted from your bank account.
10. Helpful To Apply For Personal Loan –
Some private sector banks now provide pre-approved personal loans for customers using ATMs. So, to avail of small-ticket personal loans, you don’t need to speak to a phone banking executive or approach a bank branch.
11. Getting EMI Perks on Debit Card –
Debit cards provide a lot of highlights and advantages including EMI perks. To convert your transactions into simple installments, you can ask the commercial to swipe the card in EMI trade mode and select a time (residency) which suits you. The EMI privilege helps you to revert amount without any compulsion. For EMI on debit cards, online stores (like as Flipkart, Amazon and much more) offers an array of facilities to create your shopping experience as comfy and pleasurable as possible.
12. Debit Card helps in Speedy Cash Withdrawal –
The debit card helps in withdrawing the cash in a matter of minutes. Through your ATM card cum debit card, you can get the money in your hands in minutes by inserting your Debit Card into the Automated Teller Machine by typing the code and the amount.
Now bear your bank account in your pocket and wallet as well. Did you prefer this blog post? Please do share your comments in the comment box below.