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Below are the steps as to how it works:
- Customer visits the ATM and inserts his card into the machine
- ATM reads the magnetic stripe to identify the user
- ATM prompts the user to enter his identification pin number
- If the user enters an incorrect pin, the transaction is cancelled and the card is returned
- If the user enters the correct pin, the machine shows him a menu of operations like withdrawal, deposit, balance inquiry etc.
- User chooses his option - Ex: Withdraw cash
- Machine connects to the bank database to check if the user has sufficient balance in his account to successfully complete the withdrawal transaction
- If so, the machine dispenses cash that the user asked for
- Machine updates users account with the withdrawal and updates the balance accordingly
- Machine returns the card and a receipt advise on the transaction just performed
- User takes his card and leaves the ATM
Wiki User
∙ 13y ago
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What if you forget to take you money at an ATM?
If you forget to take the money at an ATM machine, the machine will take back the cash and keep it inside safely. Your account will not be credited with the amount that was just taken back by the ATM. You need to call up customer care and explain the situation. The bank will check the ATM cash balance and then refund the money, if the machine had indeed taken back the money.
Can you deposit a check at bank ATM?
No ATM Are Only For Debit Or Credit Cards To Take Money Out !
Can you take out money with your debit card from an ATM without your pin?
no
Can you get money out of your state bank account from the ATM?
Yes, you can. If you have a state bank of India ATM card and a PIN number then you can use that to withdraw cash from your state bank account. However if you don't have a state bank ATM card, you will be unable to take money from the ATM.
How do you transfer a money from ATM to ATM?
You cannot money form one ATM to another ATM, you need to go to the bank to tranfer money to another account.
What does the ATM consist of?
the ATM consists of money that you can take or cash in
How to work ATM?
the ATM is a machine what we can use to take money everyv time we want
What does the consist of?
the ATM consists of money that you can take or cash in
What if you forget to take you money at an ATM?
If you forget to take the money at an ATM machine, the machine will take back the cash and keep it inside safely. Your account will not be credited with the amount that was just taken back by the ATM. You need to call up customer care and explain the situation. The bank will check the ATM cash balance and then refund the money, if the machine had indeed taken back the money.
Can you manage money from a ATM?
You can't no. Only take money out or view your balance.
Can you deposit a check at bank ATM?
No ATM Are Only For Debit Or Credit Cards To Take Money Out !
What is an ATM on Animal Crossing?
An ATM is a place that allows you to put in/take out money. This is convenient for those with a lot of money. A player can withdraw/deposit money anytime they wish.
Can you take out money with your debit card from an ATM without your pin?
no
How do you transfer money ATM to ATM?
You draw the money from the first ATM, then you walk/crawl/fly/swim to the other ATM and deposit it into that ATM.
Can you get money out of your state bank account from the ATM?
Yes, you can. If you have a state bank of India ATM card and a PIN number then you can use that to withdraw cash from your state bank account. However if you don't have a state bank ATM card, you will be unable to take money from the ATM.
How do you transfer a money from ATM to ATM?
You cannot money form one ATM to another ATM, you need to go to the bank to tranfer money to another account.
What are advantages of taking money out of an ATM instead of a bank?
The main advantage of using an ATM is the fact that you can have access to the cash in your bank account whenever you need it. If, for instance, you are at a store that does not take checks or credit cards but it has an ATM, you can withdraw the money for your purchase. This also means you can travel anywhere without cash. If the location has an ATM and you have your ATM card, you can access your money instantly.
