How to Use an ATM | Step-by-Step Guide | Money Instructor

Summary

This video provides a clear, step-by-step guide on how to use an ATM, covering everything from finding a secure machine to completing transactions. Viewers learn how to insert their card, enter their PIN securely, and select transaction options such as withdrawing cash, checking account balances, or transferring money. The guide emphasizes safety, encouraging users to be aware of their surroundings and avoid sharing their PIN. The video concludes by reminding users to take their cash, card, and receipt, ensuring a smooth and secure ATM experience.

Takeaways

• 😀 Find an ATM in a well-lit, busy area for safety.
• 😀 Prefer ATMs attached to banks as they are generally more secure.
• 😀 Insert your card with the magnetic strip facing down or the chip facing up.
• 😀 Enter your PIN carefully and cover the keypad for privacy.
• 😀 Avoid entering the wrong PIN multiple times to prevent getting locked out.
• 😀 Choose the transaction you want (withdrawal, balance check, transfer) from the options provided.
• 😀 Enter the withdrawal amount and ensure you have enough funds to avoid overdraft fees.
• 😀 Wait for the ATM to dispense your cash and take it immediately.
• 😀 Always take your card before leaving the ATM to avoid losing it.
• 😀 After completing a transaction, you can either do another one or end your session.
• 😀 Don't forget to take the receipt for your transaction details.

Q & A

What is the first step when using an ATM?

The first step is finding an ATM, preferably in a well-lit and busy area. It is also recommended to use an ATM attached to a bank for added security.

How do you properly insert your ATM card into the machine?

Insert your card into the card slot with the magnetic strip facing downwards and towards the machine. If your card has a chip, make sure the chip faces up when inserting it.

What should you do if you need to enter your PIN?

Once you insert your card, the ATM will prompt you to enter your four-digit PIN. Make sure to enter it correctly, and cover the keypad to protect your privacy while entering the numbers.

What happens if you enter the wrong PIN multiple times?

If you enter the wrong PIN too many times, you will be locked out of your account as a security measure.

What options will the ATM give you after entering your PIN?

After entering your PIN, the ATM will provide options to withdraw cash, check your account balance, or transfer money between accounts.

How do you select the transaction you want to complete?

To select the transaction, press the corresponding button that matches the option you wish to complete.

What should you do before withdrawing cash from the ATM?

Before withdrawing cash, make sure you have enough money in your account to cover the withdrawal, as you may incur an overdraft fee if you withdraw more than your balance.

What happens after you enter the withdrawal amount?

Once you enter the withdrawal amount, the ATM will dispense your cash. Be sure to take both your cash and your card before leaving the machine.

Can you complete multiple transactions in one ATM session?

Yes, you can choose to perform additional transactions. If you wish to do so, the ATM will offer the option to select another transaction.

What should you remember to do at the end of your ATM session?

At the end of your session, ensure you take your receipt, as it will show the amount you withdrew and your remaining account balance. Don’t forget to also take your card and cash.