Question

What are the benefits of automated teller machine?

Answer 1

Answer:

Advantages of ATM

Provide Convenience to Customers. Customers are able to do financial transactions conveniently with the use of ATMs. ...

Offer 24×7 Service. ...

Reduce Banks Workload. ...

Access to Bank Account from Anywhere. ...

Minimizes Transactions Cost. ...

Charges Fees. ...

Limitation on Cash Withdrawal. ...

Possibility of Frauds.

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Answer 2

Advantage of ATM

Provide Convenience to Customers. Customers are able to do financial transactions conveniently with the use of ATM

1. Offer 24×7 Service.

2. Reduce Banks Workload.

3. Access to Bank Account from Anywhere.

4. Minimizes Transactions Cost.

5. Charges Fees.

6. Limitation on Cash Withdrawal.

7. Possibility of Frauds.

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