A Better Way to Manage Your Everyday Money - Book - Page 30
● control the sequence in which bills are listed in your cashflow spreadsheet, both by outgo
category and within each bill category;
● Organize bill payment and credit card charging history.
Automated teller machines
An automated teller machine (ATM) is an
electronic banking outlet that allows customers to
complete basic transactions without the aid of a
branch teller. Anyone with a credit or debit card
can access cash at most ATMs, either in the U.S.
or other countries.
There are two types of ATMs:
● On-site - Located in or near and directly managed by a bank or credit union. Considered
the most secure type of ATM.
● Off-site - Located in convenient places such as shopping malls, airports, or gas stations.
Off-site ATMs may be easier for criminals to tamper with than an on-site ATM. For
example, criminals may be able to attach skimming devices to an off-site ATM that can
steal your personal identification number (PIN) or account number.
The drawbacks of using an ATM are:
● transaction fees;
● security risks;
● lack of availability in some locations.
The newer version of the ATM is the Interactive Teller Machine (ITM) with video conferencing,
which adds the capability to connect to a live branch teller.
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