answersLogoWhite

0


Best Answer

The main advantage of using an ATM is the fact that you can have access to the cash in your bank account whenever you need it. If, for instance, you are at a store that does not take checks or credit cards but it has an ATM, you can withdraw the money for your purchase. This also means you can travel anywhere without cash. If the location has an ATM and you have your ATM card, you can access your money instantly.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are advantages of taking money out of an ATM instead of a bank?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the advantages of paying your house off?

You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.


What is withdrawal of bank account?

taking out money from your bank account because you want to use the money.


What are the advantages in saving money in the bank?

if you save your money in the bank you are quite sure if anything goes wrong (i.e robbery, fire-outbreak etc) the bank will replace it.


What are advantages of ebanking?

it enable the customers to cash their money without going to the bank


What is the word for taking money out of the bank?

withdraw or withdrawal Bank of America was taking $ 304.00 out of my mortgage payment every month for my mortgage insurance. I had no mortgage insurance on my FHA loan. Bank of America could not give the money to HUD because my loan was not insured. So why was Bank of America taking the money without my permission. Bank of America was aware my loan was not insured, but they money was continually being taken out of my loan payment illegally. Robert


What are the advantages of saving money in the bank?

There are numerous advantages of saving money in a bank for both the person saving the money and others. a. The money you save earns you interest income b. The money you save is lent out as loans to help out others c. The money you save can be withdrawn at any point in future to help you with your financial needs.


If house you rent is being foreclosed can you put rent money in bank instead of giving to landlord?

DO NOT give money to the LL befiore you speak to the bank. You may have to make payments directly to the bank. If that is your obligation, and, if you mistakenly give the money to the LL instead then you may end up owingthe money to the bank who won't bother chasing after the LL for you. It will be your problem to come up with the money.


What are the advantages of ATM machine?

Some advantages are: a. You don't have to drive till the bank branch. Instead you just need to drive till the ATM machine b. You can withdraw cash anytime/anyday you want without having to worry about weekends or bank holidays c. You can deposit money anytime you want without having to worry about weekends and bank holidays d. Etc.


What are the advantages of a open bank account?

"There are many advantages to opening a bank account. For example, it is an excellent way to keep your money safe. Also, over time, the money you deposit earns interest, so you get a little bit of a return on your savings that you put in."


What are the advantages of a national bank?

National Bank Means which Nationalised By RBI Act. Advantages: 1. It's Available Mostly in to All Over The Nation to it's Customers. 2. Your Money is in Safe Hand. 3. Banking Process & Money Transfer are Easy.


What is advantages of using a night safe?

A night safe in the wall of a bank, allows businesses to deposit money (days takings, etc) into the bank even when the bank is shut.


Advantages of development bank?

One of the advantages of the development bank is that it provides long term and short term loans. The other advantage is that guarantees to the third parties the money lender or merchant on behalf of the client.