An Automated Teller Machine or ATM is a computerized machine that provides the service of a traditional bank teller.
An ATM performs banking operations such as cash withdrawals and deposits. It is also used for other financial transactions such as balance inquiries and money transfers. The machine has a touch screen, card reader, keypad, receipt printer, and magnetic stripe reader to input data and dispenses cash.
What are the Advantages of Using an ATM?
An ATM is a machine that allows you to withdraw cash from your bank account without needing a bank teller. Some of the advantages of using an ATM are:
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