How Can Credit Union Shared ATM Networks Save You Money

1. ATMs are convenient to use. But ATMs that are used by the members of a credit union often offer more benefits than the usual ATM. If you’re thinking about having an ATM installed at your shop or restaurant, you might want to consider choosing an ATM that’s with a credit union. Here’s a list of the benefits that they offer users. With so many perks, having that kind of ATM at your establishment will increase your foot traffic and contribute to more sales.

2. Zero Surcharges One of the most annoying things about having to use an ATM from a different bank is the fees that you end up incurring with every transaction. A couple of dollars might not seem quite a lot when you think about it, but if you imagine how much money that makes for in just a few years, you’ll want to learn to save that money, too. Those who use credit union ATMs, though, won’t have to worry about any surcharge fees. That’s money that stays firmly in their pocket. Location More and more credit union ATMs are popping up all over the country. There are more than 30,000 locations across the US as well as Canada. That means users can access their cash with greater ease. By choosing that type of ATM, though, you can attract credit union members to your shop and ATM even more.

3. Convenience There’s an easy way to upgrade the software on the machine. That means customers can easily enjoy the latest technology and systems. Updated systems often appeal to more customers with their advanced features. As for your benefit, though, with vendors that provide assistance on how you can upgrade the software on the machine, you won’t have to worry about owning an ATM that your customers might no longer want. Just by updating the software, they remain useful and functional. Buying Tips These are just some of the benefits of using an ATM that’s with a credit union. However, there are also plenty of models to choose from. Here are tips to help you make the right buying decisions. Needs. What do you expect to gain from installing ATM? Be clear about the specific benefits that it will bring to your business. Costs.Do the math. Find out how much you’ll earn from having an ATM installed. Keep in mind that you need to have funds if you want to buy the machine outright. Have you factored all that into your buying decisions? If you won’t earn enough—whether because of the poor foot traffic or location of the ATM—you’ll need to rethink your decision. Features. There are machines that come with the basic functions. There are ATMs that come with a more complex set of features. They do more than allow users to check their balances or withdraw money. Some also make it possible for users to make a deposit. Which option is right for your business? Think about that before you pick a model.