An ATM (Automated Teller Machine) is a self-service banking option that enables users to carry out various financial transactions without needing to visit a bank branch.
Key Features of ATM:
Cash Withdrawal: Users can withdraw cash from their bank accounts using ATM or debit cards by entering their PIN (Personal Identification Number) for transaction authorization.
Balance Inquiry: ATMs allow users to check their account balances, providing a quick and convenient way to monitor their finances.
Fund Transfers: Some ATMs enable users to transfer funds between their own accounts or to accounts within the same bank, or even to accounts in other banks, depending on the services available.
Cash Deposits: Many ATMs accept cash deposits, enabling users to deposit money directly into their accounts without needing to visit a branch during regular banking hours.
Mini Statements: ATMs allow users to request mini statements, which show recent transactions and account activity.
PIN Change: ATMs offer the option for users to change their PINs, providing an added layer of security.
Bill Payments: Certain ATMs allow users to pay utility bills, mobile phone bills, credit cards, and other services directly.
ATM services offer convenience, accessibility, and flexibility, enabling users to complete essential banking tasks outside of traditional branch hours and location