what is ATM? list few advantages of ATM.
Answers
Answer:
An automated teller machine (ATM) is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller.
ADVANTAGE OF ATM
(1)ATMs are electronic machines, which are operated by a customer himself to deposit or to withdraw cash from bank. ...
(2)ATM provides 24 hours service.
(3)ATMs provide service round the clock. ...
(4)ATMs provide convenience to the customers. ...
(5)ATMs reduce the work pressure on bank's staff and avoids queues in bank premises.
Explanation:
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Answer:
Advantages ATM machines
Access to hard Cash Anywhere at Anytime. ...
ATM Machines offer Financial Inclusion. ...
ATM Machines offer wide range of services. ...
ATM machines are Cheaper to Maintain. ...
ATM machines Serve an Important Function in times of Crisis. ...
ATM machines can be targeted by criminals, robbers and hackers.