Question

What is Automated Teller Machine ? Explain in brief.

Answer 1

Answer:

Automated teller machine is a ATM which is used to money transfer and withdrawal .

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Answer 2

Automated Teller Machine is the long-form of ATM.

It is a computerized machine that permits bank customers to gain access to their accountswith a magnetically encoded plastic card and a code number. It enables the customers to perform several banking operations without the help of a teller, such as to withdraw cash, make deposits, pay bills, obtain bank statements, effect cash transfers, also called automated Banking machine, automatic till machine, or remote service unit.

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