How to Write a Letter to Bank Manager for Request a New ATM Card in 2022 and Advantage of ATM Card

How to write a letter to bank manager for request a new atm card

How to write a letter to bank manager for request a new atm card – The full form of ATM is automated teller machine. With ATMs you can meet your money needs anytime and anywhere. You can withdraw money from any ATM machine via debit or credit card. In ATM you can perform basic functions i.e. cash withdrawal, balance inquiry etc. but in some ATM machines you can take advantage of advance services like cash deposit, bill payment, money account transfer etc.

Types of ATM

On site atm-

Atm which is installed in the bank building is called on site atm.

Off site atm –

Atm that is not installed in the bank building or separate away from the bank is called off site atm.

Worksite atm –

Atm which is installed in the bank building and can be used only by the concerned employees is called worksite atm.

Cash Dispenser –

This type of ATM machine provides services such as cash withdrawal, balance inquiry, mini statement to the customer.

Mobile ATM –

The mobile ATM service is designed to provide emergency services to customers. There has been a huge increase in mobile atm during the Corona period.

White label atm –

Non-Banking financial company uses this type of atm.

Green label atm –

This ATM is used for agricultural transactions.

Orange label atm –

This ATM is used for transactions of shares.

Yellow label atm –

This ATM is used for online purchase.

Pink lable ATM –

This ATM is mainly used for women.

Brown lable ATM –

The hardware of ATM machines is owned by a service provider.

Advantages of Atm

1. 24/7 service available –

Atm service is available 24 hours a day. If the customer ever needs money, he can go to the ATM and withdraw money.

2. Easy to use –

ATM is very easy to use. Easy for customer to understand and use ATM.

3. Confidentiality –

The most important objective of a bank is confidentiality achieved through ATM. Customer is given unique ATM PIN number and further transaction cannot be processed unless you type PIN.

4. Reduce the workload of banks –

ATMs have reduced the workload of banks. People prefer to transact at ATMs rather than standing in the line of customer banks. As a result, the workload of banks was reduced.

Disadvantages of ATM

1.Security –

No identification required when using an ATM card. Anyone can use anyone’s ATM if they know the PIN of the ATM and have the card with them. This raises the question of account security.

2. Atm Fee –

The bank charges an annual atm fee, but if the account holder transacts more than the specified limit in another bank’s atm, the bank charges a fee for each such transaction.

3.Privacy –

While using the atm, there are some lines in the atm and the person in the back can see the screen of the atm, so privacy does not remain while using the atm.

4.Difficult to use –

In some places people still find it difficult to use atm and also uneducated people find it difficult to use atm.

Format of How to write a letter to bank manager for request a new atm card

To,

The manager,

…….. (Name of the bank)

……… (Branch name)

……. ( city)

Subject- The subject should be short and easy to understand.

Respect sir / madam,

(Body of the letter) (Explain the reason for writing the letter.)

Thank you

(Account details – Name and account number)

Yours faithfully,

(Signature)

Date –

Place –

See Also – What is e banking? Amazing Advantages of E Banking in 2022

Sample of How to write a letter to bank manager for request a new atm card

To,

The manager,

Panjab National Bank,

Krushnanagar branch,

Satara

Subject- request for ATM card.

Respect sir,

I have been your bank account holder for over 20 years and am very satisfied with the services your bank provides. My account number is ……… My old ATM card is missing so I need to get a new ATM card, I am ready to pay whatever charges the bank charges for a new ATM card but I need an ATM as soon as possible. This is a request to get a card.