Why do you need a photo ID to withdraw money from a bank, but not from an ATM?

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Putting this under Other because it’s not really Economics.

I guess this is a question about banking security. Most people don’t withdraw past the ATM limit anyway, so why do tellers insist on seeing a photo ID even though the customer could easily withdraw that same money from an ATM without that step?

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14 Answers

Anonymous 0 Comments

Because it isn’t really your money. It’s theirs and they allow you to use it most of the time.

If it was your money you wouldn’t need to ask permission from someone.

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