Misconception: All ATMs are the same. Fact: There are several different types of ATMs, including standalone machines, on-premises machines (located at a bank or credit union), and off-premises machines (located at a retail location). Each type of ATM has its own unique features and capabilities.
Misconception: ATMs are not secure. Fact: ATMs are actually quite secure. They use encrypted communications to transmit data and are equipped with a number of security features to prevent fraud.
Misconception: ATMs only dispense cash. Fact: While ATMs are primarily used to dispense cash, they can also be used to perform a variety of other transactions, such as depositing checks and cash, transferring money between accounts, and paying bills.
Misconception: ATMs can be hacked. Fact: While it is theoretically possible for an ATM to be hacked, it is very difficult to do so in practice. ATMs are designed with security measures in place to prevent unauthorized access and protect against hacking attempts.
