New banks ATM Giving out $5 and $1 bill

 

If you only have $9.00 in your account, chances are that you will not be able to take out from the ATM and it is embarrassing to the teller and ask to withdraw only $9.00 from your account when it is only what you have. In hard times, every penny is important to be able to face every struggle on your way. Banks are adjusting their strategies to attract more customers.

PNC and Chase are launching new ATMs machines that will customers to take as low as $1.00 out of the ATM. Chase is even pushing the envelop to allow customers to take even pennies from the ATM machines.

 "We are always looking for ways to upgrade our ATM network with new functions that will make banking easier for our customers," PNC spokesperson Marcey Zwiebel told TODAY.

The ATMs has already been installed at multiple locations as a test to better analyse the results. Happily for the banks, customers are using the new ATMs more and fewer customers are going into the banks for check cashing and to withdraw money. PNC and Chase are planning on doubling the new ATMs location by the end of the year.

Therefore, we can see how banks will be saving a lot of money on having those ATMs handling banking transaction instead of humans. The ATMs are able to cash checks, disburse from $1.00 bill to $100.00 bill in a single transaction. No need to go in the bank just go the drive through if you are in a hurry. The new ATM machines are able to handle most of the human tellers’ transaction. Thus we can foresee a reduction in human teller and more layoff in the future unfortunately.  We all love the ease that technology provides but yet we seem to be competing with it for our jobs.