Why ATM Transaction Slip be Retained?

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The transaction slip is an important document which must be retained from security point of view and it comes handy incase the ATM do not dispense cash but ATM slip shows that amount has been debited.

An ATM slip has following data of use:

  • Name of the ATM Bank – This comes handy if you have used third party bank for your ATM transaction.
  • Location – The ATM branch
  • Date of transaction –The date at which the transaction was made.
  • Time of transaction –The time at which the transaction was made
  • Transaction reference number –This is generally a 8-9 digit number which appears on the transaction slip
  • Response Code
  • Card No/Account Number- only the last 3-4 digits will be visible
  • Nature of Transaction – Nature of transaction refers to the activity which was carried out while using the card, such as withdrawing cash, updating account details etc.

Moreover one should just not throw the ATM transaction slip in dustbin as it can be used by anti social elements to gain access about classified information related to your account. Moreover it is a must have document if slip shows that amount is debited but machine has not dispensed the cash.

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