Nobody is oblivious of the fact that the festive season involved a lot of spending especially for those who went out or traveled to have fun during the break. Most times, there is a cash shortage just as festivities end and normal business activities begin, hence the only possible access to money is through ATMs and transfer as well as online banking. The moist accessible one however is through ATMs, nonetheless, as accessible as this seems, not many are aware of some problems one might encounter with the ATM during this period, but as these problem exist, there are also ways of avoiding them.
One very common issue faced with ATMs in periods when banks are temporarily closed is the issue of insufficient funds in the ATM. As much as you want to rely on the ATM for funds, you must realize that you’re not the only user who needs cash from the ATM. One way for you to avoid this is by withdrawing the amount of cash you need for a particular day in the morning so you’re not stranded in the evening when the machine is empty. The banks come on a regular basis to refill the machine once funds in the machine are exhausted so there is no fear for the following day when n you need to withdraw cash in the morning. With this you don’t need to stash up cash in the house as it keeps your money at the risk of getting stolen or damaged by fire or water when not properly managed.
Interestingly many still fall victim of fraudsters who pose as bank officials and send SMS requesting that you send your ATM details and pin to help you reactivate your card that has been blocked by the bank. On no account should you fall for this trick because no bank will contact you by mail or phone to request your ATM card details especially your pin, it is a private number meant for you alone. The end product of such fraudulent act is that funds get withdrawn from your account without your permission.
Many don’t realize that using the ATM machine at night could be very dangerous especially in secluded places. If you must use the ATM at night, ensure you go with someone or request the assistance of the guard on duty, be sure to go through open and bright pathways after using the machine to avoid robbers who might lay siege in the dark paths as you withdraw cash from the machine.