While owning your ATM card to that your account is good, there are certain disadvantages to consider when deciding to finally own an ATM card to your new bank account. In this post we will also talk about certain disadvantage that apply when using ATM cards to finance your purchases:

5 Positive Reasons To Make Purchase with ATM cards

Negative Reasons for using ATM to finance purchases

1. It may not Promote good Saving Habit:

The ease of quickly making withdrawals from your bank account most times does not help in promoting good saving habit. This days ones does not have to go to the banks to make withdrawal, the nearest POS shop can help you make withdrawal to the extent you so desire. Think about the stress of always going into the bank to make withdrawals at the counter, and sometimes the bank location might not be distant enough for you to think twice before going to make withdrawals.

2. Impromptu Bank charges:

Bank charges you a certain amount of money once in a while for ATM maintenance which if you did not own an ATM card there will be no maintenance charges.

3. POS exuberant charges:

Depending on your location, this days you will notice that  POS operators charge exuberant amount of money for withdrawals and this promote constant spending because of the ease of accessibility.

4. Risk of Losing Your ATM card: 

ATM card is a small piece of plastic and there is a risk of loosing it.

5. Total Dependence on Your ATM for Money: 

 Money is very important for the day to day living, and total dependence on using your ATM