All About ATM Cards and Machine

All About ATM Cards and Machine 

Most people unaware about the uses of ATM card, differences between ATM cards, debit cards, and credit cards? While all these may seem similar, each works in a slightly different way and carries different protections.

In this article, here’s a short description of ATM machine, different type of card,its functions and affect on your account balance.

What is an ATM machine? 

ATM is an electronic device that enable account holder to money transactions.Account holder withdraw cash and other financial activities at any time by using this device.

What is the full form of ATM? 

The full name of ATMs is Automated Teller Machines

What is an ATM card?

They are mostly used to withdraw cash from ATM Machines and make deposits into an account during and outside regular business banking hours.

In other easy words, we can say that ATM cards are payment cards which  issued by banks. They are linked to your bank account, and you can use them for withdrawing money from ATMs. Most of the ATM cards can now be used for online and offline transactions.

To use ATM card at ATMs yoi requires a PIN (Personal Identification Number).

When you withdrawals cash using an ATM card are immediately deducted from the customer’s account.

 Teller Machine (ATM) or Debit Cards are now very commonly used by people for withdrawing money from ATMs at any time. These cards can also be used for online and offline purchases.

In the past, the people visit the bank during the working hours personally to withdraw money from their Saving Account. They  were required to fill a withdrawal slip, stand in a queue, and then submit the same for withdrawing the needed cash. However, ATM cards completely change these trend and bring revolution in this process.


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Who introduced first ATM in the world? 

John Shepherd-Barron introduced first ATM in the world.He installed the first automatic cash dispenser at a Barclays Bank branch near London in 1967.

Which bank introduced the first ATM in India?

In India, the HSBC(Hongkonk and Shanghai Bank Corporation) introduced the first ATM in1987.

When we Introduce with ATM Cards in India?

 The Automated Teller Machines (ATMs) and ATM cards were first introduced in India,in 1980.Over the years, they have only grown in popularity and are now very commonly used by most of the people who have a Savings Account. 

How do ATMs card work?

While ATM cards and Debit Cards were first introduced they were different but now they considered to be the same things. Initially, an ATM Visa Card or other ATM card was only  used at ATMs and not for online/offline transactions.

This limitations was eliminated when Debit Cards were introduced.
Now you can use debit cards for withdrawing money as well as for online and offline transactions. You can get one by opening a Savings Account at a bank.

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If the ATM card is used as a debit card, a PIN is usually requested. The purchase is immediately deducted from your checking account.

If the card is swiped and credit is chosen at the register, a PIN is usually not required.

 In this case, even though it was swiped as a credit card, it is still considered a debit card transaction. 

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While it may take a few days, the purchase price will be deducted automatically from your checking account.

Remember, whether a debit card is swiped as a debit or credit transaction, the purchase will be automatically deducted from the consumer’s checking account, but it could take a few days for a credit transaction to clear your account.

 That means it’s up to you to keep a mental record of the transaction and deduct it from your checking account balance the day of the purchase until the withdrawal has been made from your account.

Otherwise, you risk causing an overdraft on your checking account.

Visa and Mastercard branded debit cards have the same deadlines.


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What type of details an ATM Cards contains?

Now, most of the banks offer ATM cards with the name of the account holder.

 An ATM card contains card holder's name, date and expiry year of card,three dimensional Global Hologram which is a type of security 16-digit card number, logo of card network, and Card Verification Value (CVV).

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In the latest ATM cards,they have feature a Europay Mastercard and Visa (EVM) chip.

What is 16 digits code on ATM

16 digits code is written on any debit card which known as PAN(Permanent Account Number) .
This 16 digits numbers are divided in to three part. 

First 6.digits are the Bank Identification Number.
Next 9 digits are a Unique Account  Number of card holder.
Last digit is a check digit for validation of card.


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What are Difference Types Of  ATMs Cards

There are many different types of ATM Cards now available in India. There are actually several ways to differentiate the cards, but one of the most common ways is by the card network. There are now

• ATM cards of Visa
• Visa Electron
• Mastercard
• Maestro
• RuPay cards

are  available in India.

How does an ATM Cards works?

Whenever you use the card at ATMs or for online/offline transactions, money is debited from your linked bank account as ATM Cards are linked to your bank account.

 For withdrawing cash at ATMs and offline transactions, you will be required to enter your 4-digit ATM PIN.

For online transactions, you will be required to enter your 16 digits ATM card number as well as a 6-digit 3D secure password.

 You can set your ATM PIN and online transactions password of ATM cards.

Benefits of ATM Cards

ATM Cards allow you to get money any time without visit the bank personally.

When you use ATM card,you have no need to carry money for shopping.

With enhanced security, they also make your online transactions completely safe and convenient.

What are the difference between ATM Cards, Debit Card and Credit Card?

ATM Cards

An ATM card is a PIN-based card. When you use it at ATM you need to enter this PIN. ATM cards are linked to your Saving Bank Account/Current Account. ATM cards does not offer credit to you. 
If you use a particular bank ATM at another bank ATM you must pay some charge. 

Debit Card

A debit card has all the facilities that a credit card has. but it does not allow credit. Debit card can be used at ATM machine,shopping centers,restaurant and can also be used for online payment.

A debit card  looks just like a regular ATM card, and you can use it at ATMs. The difference is that a debit card has a Visa® or Mastercard® logo on its face.

Credit Card

 Like an ATM cars credit card also. give you facility to withdraw money from ATM. This card is mostly used as an option of loan. 

With a credit card, you can buy anything and paid it later in fixed time. If you are not able to pay it before deadline, you have to pay interest with penalty.

ATM and debit cards allow you to use ATMs, a safe and convenient way to manage your money. 


I hope you will be aware of uses of ATM Cards and the functions of different ATM cards.