What types of transactions can I make with an ATM card?

With an ATM (Automated Teller Machine) card, you can perform several types of transactions, primarily at ATMs and, in some cases, at pointofsale (POS) terminals. Here are the main types of transactions you can make with an ATM card:

1. Cash Withdrawals: The primary function of an ATM card is to allow you to withdraw cash from your linked bank account(s) at ATMs. You can choose the amount you wish to withdraw, enter your Personal Identification Number (PIN) for authentication, and the ATM dispenses the requested cash.

2. Balance Inquiries: You can check the balance of your linked bank account(s) at an ATM. This option allows you to verify the available funds in your account.

3. Cash Deposits: Some ATMs, known as deposit ATMs, allow you to deposit cash into your linked bank account(s). You typically insert the cash into the ATM, and it provides a receipt confirming the deposit.

4. Check Deposits: Certain ATMs also accept check deposits. You insert the check into the ATM, and it scans and verifies the check's details before providing a receipt. Some banks offer this feature through specialized check deposit ATMs or mobile banking apps.

5. Fund Transfers: Depending on your bank's policies and ATM capabilities, you may be able to transfer funds between your linked accounts. This can include transfers between your savings and checking accounts, for example.

6. PIN Changes: Some ATMs allow you to change your PIN by selecting a PIN change option and entering your existing and new PINs for authentication.

7. Mini Statements: Many ATMs offer the option to print a mini statement, which provides a summary of recent transactions and account activity.

8. Bill Payments: In some countries and regions, ATMs may support bill payment transactions. You can use the ATM to pay bills, such as utility bills or credit card payments, by entering the necessary details and selecting the bill payment option.

9. Mobile Recharge: In certain locations, ATMs allow you to top up your mobile phone's prepaid balance or recharge mobile plans.

10. Prepaid Card Reloads: Some ATMs provide the option to reload prepaid cards, such as travel cards or gift cards, by adding funds to the card balance.

11. Foreign Currency Exchange: In international travel hubs, specialized ATMs known as "currency exchange ATMs" may allow you to withdraw foreign currency. These ATMs often offer competitive exchange rates for travelers.

12. Charitable Donations: A few ATMs have a donation option that enables you to make charitable contributions to selected organizations.

It's important to note that the availability of these transaction types can vary depending on the ATM's features, your bank's policies, and the specific ATM network. Additionally, ATM cards may have certain limitations, such as daily withdrawal limits, depending on your bank's terms and the type of account associated with the card.