ATMs are electronic machines, which
are operated by a customer himself to deposit or to withdraw cash from bank.
For using an ATM, a customer has to obtain an ATM card from his bank. The ATM card is a plastic card,
which is magnetically coded. It can be easily read by the machine
Advantage of
ATM machine:
1. Cash withdraw at
any time, day or night. The banks don’t need to be open.
2. ATMs offer the
convenience of multiple locations.
3. ATM card is
protected by a PIN, keeping the money safe.
4. Don’t need to
fill out withdrawal and deposit slips as is required at the bank.
5. ATMs are faster
than going to the bank—no long lines.
6. Cash withdraw at
ATMs in foreign countries.
