It means that, instead of paying something in person, funds were transferred electronically from one account to another. For example - suppose you wanted to pay a bill. Rather than withdraw the funds in cash from your account - and pay the bill in person, you can electronically transfer the money from your account to the account of the company who's bill it is.
You draw the money from the first ATM, then you walk/crawl/fly/swim to the other ATM and deposit it into that ATM.
ATM custodian is someone who maintains an ATM.
ATM is the abbreviation for 'atmospheres'
Yes. Most ATM machines these days come with capabilities to transfer money to other accounts of the same bank. If you have an account with say XYZ bank and use the ATM of the XYZ bank, you can transfer money to any other customer who has a XYZ bank account using that ATM. Note: Not all banks have this feature but there are many banks that do so.
No. ATMS provide facility to transfer money to any other account that is held with the same bank only. Currently banks do not offer third party funds transfer to accounts outside the bank through an ATM machine. You have to either use internet banking or visit the bank if you wish to transfer funds to another bank.
Transaction done in another bank's ATM
no answer
You draw the money from the first ATM, then you walk/crawl/fly/swim to the other ATM and deposit it into that ATM.
ATM
ATM custodian is someone who maintains an ATM.
In computing;Asynchronous Transfer Mode(ATM)But in India;Automated Teller Machine(ATM)
Asyncronous Transfer Mode
You cannot money form one ATM to another ATM, you need to go to the bank to tranfer money to another account.
Typically, you can do this transfer at your bank's ATM. However, if you are using a third party ATM (for example, if you bank with ABC Bank, an ATM for 123 Bank would be a third-party ATM), you may not be able to effectuate a transfer. It really depends on what ATM resources are offered by your bank. Most, however, do allow transfers from a checking to a savings account via the ATM. You can always go to an outside bank's ATM machine as well, but prepared to pay a service fee.
Its the ATM Service that use wireless network services for data transfer, these are generally used in mobile ATM vans
ATM is the abbreviation for 'atmospheres'
No. It is not possible to transfer money from a SBI bank account to a HDFC Bank account using either banks ATMs. This is because, a SBI ATM is not authorized to transfer money into a HDFC Bank account. You will be able to transfer money only into other SBI accounts from a SBI ATM.