Tuesday, November 17, 2009

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Friday, November 6, 2009

ATMs

3 Advantages to using ATMs?

-speed.
speed is a good thing especially today because everyone is so busy, often there are even drive through ATMs so you do not even have to leave your car. and also the Machine is a lot faster than the teller. there is a drawback that could be assoicated with this, that is that because more people have started to use ATMs jobs have been lost which is a drawback but when you are using an ATM you are not thinking about that so its not a big enough drawback to make me stop using ATMs.

-not retristed to certain hours- This is a wonderful feature because for the people who work "regular" jobs the 9 to 5 jobs then the bank is just about never open when they need to go. The use of an ATM have benefited the "regular" job holders because they can go to an ATM whenever they feel like it to get the money needed. I do not see any drawbacks for this feature.

-access anywhere in the world is a benefit because when you are on a vacation, you can just bring your debit card to be able to get money off it. This is a very nice feature because when you travel you do not want to have to bring a lot of cash with you. The one thing about using an ATM in a foreign country, the ATM company takes a way a fee for using their ATM. This is a drawback but again i do not think that it is significant enough to make the idea of ATMs bad.