What is an ATM? How do you use a debit card? Is it the same as a credit card?
Dealing with banks and keeping your money safe is a major part of adult life. Here's what you need to know
Money, finances and banking form a huge part of becoming an independent adult. But even if you've had a cash, debit, or even credit card for a while, you might still be confused about how bank cards work.
Here’s a quick guide to that most common of card, the automated teller machine (ATM) card.
What is an ATM, and what can I use them for?
ATMs are self-service banking machines which allow you to access your bank account without having to line up and speak to an actual person.
They have many functions, but you can mostly use them for either taking money out of your account (making withdrawals), putting money into your account (making deposits), or transferring money to other accounts. Most machines can only perform one of these functions, but some large machines can perform all three.
Will my ATM card work anywhere in the world?
There is nothing worse than being stuck overseas an unable to draw cash. This might be happening because your bank is not on the local system, or not on the system that particular ATM is using. It's always a good idea to check with your bank before you go overseas to make sure you can withdraw money from ATMs there, and what restrictions there might be. Be careful to ask them what system they are on, e.g. Union Pay in case you need to look for a matching ATM.
If your card has a Maestro, Cirrus, or Plus it should work anywhere. Also, some banks will lock an ATM to their home country as an extra precaution against card theft. Again, a call to the bank before you go overseas will unlock your cash.
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Can I pay for things with my ATM card?
Many ATM cards can be used as debit cards to make payments in shops. This is done through an electronic payment system; local systems vary from country to country. There will be a relevant logo on your card telling you if a shop or restaurant accepts this form of payment; they usually include most major supermarkets, convenience stores, and larger shops.
