Cash and dash: Are drive-thru ATMs a good idea?

Cash and dash: Are drive-thru ATMs a good idea?

South Africa has introduced a drive-thru ATM to enhance banking convenience by allowing users to transact from their vehicles.

Cash & dash: Are drive-thru ATMs a good idea?
Ibrahim Alfidan / iStock

This drive-thru ATM is a new innovation that’s shocked South Africans all over. Though not many have been introduced, a few places in the country have had their cash withdrawals made as easy as ordering McDonald's.

TikTok user @gavinguccifieldmat shared a video of his exciting experience at a drive-thru ATM, which got many South Africans talking about the many potential security risks it poses.

@gavinguccifiedmat This is 5th Industrial Revolution. I bank with @StandardBank .#evolution #innovation #pioneer #capetown ♬ Drive  - Black Coffee & Dav


While a drive-thru ATM is more convenient, as it allows users to access cash from the comfort of their cars; this is South Africa.

There are many potential risks involved, with people arguing that drive-thru ATMs could become hotspots for crime.


Individuals using them may be more vulnerable to opportunistic theft and other crimes such as ATM fraud, car-related robberies, and card-skimming.

TikTok users commented their thoughts on this, and many of them make a lot of sense.

@fifla06 gave us all a reality check: 

"This is so risky. They will take your money and car same time. SA is not there yet 😳😳"

@zoli32088 brought a whole new meaning to cash and dash:

"😏😏 this is a bad idea. money coming out then you'll see a blur running across😅"

@Sahcrid can already see the traffic:

"Thank goodness it's not Capitec"

@elmond265 has no faith: 

"People need to understand SA is not ready for such in any form, this is like painting a cracked wall 😏"

The idea behind this innovation is great, but it needs a lot more thought before South Africa can fully adopt it. Yet, it’s so convenient; it makes one wonder why it took so long.

East Coast Breakfast new podcast banner
East Coast Breakfast new podcast banner / ECR Images

HOW TO LISTEN TO EAST COAST RADIO

1.     Listen to East Coast Radio on the FM (frequency modulation) spectrum between 94 and 95 FM on your radio.

2.     Listen live to ECR by clicking here or download the ECR App (iOS/Android).

3.     Listen to East Coast Radio on the DStv audio bouquet, channel 836. 

4.     Switch to the audio bouquet on your OpenView decoder and browse to channel 606.

5.     Listen to us on Amazon Alexa

Follow us on social media: 

· Facebook

· Twitter

· Instagram

· TikTok

· WhatsApp Channel

MORE ON EAST COAST RADIO


Main image courtesy of iStock

Show's Stories