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Questions
What is an ATM?
Explain: ATM
Answer in Brief
Solution
- A bank-installed Automated Teller Machine (ATM) where account holders can withdraw and deposit cash at the machine.
- ATMs are open year-round and available 24/7. It is extremely easy and time-saving for both the bank and its customers.
- It is extremely handy and time-efficient for both the bank and the customers.
- A customer can perform various financial transactions, e.g., fund transfers, cash withdrawals, cash deposits, account statement or account information inquires at any time without the need for direct interaction with staff members.
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Electronic Banking (E-Banking) - ATM, Credit and Debit Cards
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