ATMs came into being to add convenience to the life of customers. Prior to the invention of ATM technology, there used to be a human bank teller. In order to find out which one is better, we have the following comparison for you:
Process Cash Checks
You cannot insert a check into an ATM machine and get cash. This means that if you have a cash check, you will need to head to a bank because ATMs only give you cash when you insert your debit or credit card.
Quick Cash Withdrawal
If you are in a hurry to get cash, you wouldn’t want to head to a bank. In banks, humans are responsible for processing information and offering service. Therefore, if you head to a bank for cash, it will take up a lot of time. However, if you head to your nearest ATM, you will be able to make cash transactions within seconds.
Custom Transactions
Sometimes you need specific amount of cash in different value dollar bills. If you head to an ATM for complex transactions, you will be disappointed. In cases like these, it is best to visit a bank. Banks allow customers to make custom transactions without a trouble.
Convenience
When it comes to convenience, nothing can beat ATMs. Banks have human tellers who fulfill your requests. ATMs on the other hand are automatic tellers that process your requests within seconds. Even if you are in a rush to get cash, an ATM will help you make transactions quickly. ATMs are also placed every few miles, making it easy for customers to get cash without having to drive to the bank.
Both bank tellers and ATMs are useful in their on way. In the end, it all comes down to your specific needs.