Actually speaking yes. Because, customers don't need to visit the bank and submit a request to the cashier to withdraw cash. So, the cashier doesn't have to count and dispense cash. Instead the ATM machine does it for him. On top of this, ATMs work 24 hours a day and 7 days a week but a Teller works only on working days and definitely not 24*7
to recoconcile foreign and local currencies to and from different banks
Many ATM's allow the user to make deposits as well as withdrawals. This means you no longer need to waste (often considerable) time in a bank's queue waiting to speak to a cashier.
ATM is banking subsystem (Subject) that provides bank customers with access to financial transactions in a public space without the need for a cashier, clerk or bank teller. Using an ATM, Customer Actor can access their bank accounts in order to check balances, deposit funds, withdraw cash and/or transfer funds (Use Cases). See example ATM Use Case diagram in the link.
A bank teller accepts deposits, cashes checks, makes withdrawals, issues negotiable instruments (cashier's checks, money orders and traveler's checks) sells and redeems savings bonds and balances the ATM... with excitement, energy, and passion.
go to the bank
Yes, it is generally possible to deposit a cashier's check in an ATM, but it may depend on the specific policies of the bank and the capabilities of the ATM.
Yes, a cashier's check can typically be deposited in an ATM, but it's important to check with your bank to confirm their specific policies and procedures for depositing this type of check.
No. ATMs do not have the facility to dispense cash for cashier's checks. But, you can deposit the cashier's check into your bank account using the ATM and the money would get deposited into your account within 2-3 working days. Or, you can directly walk-in to the bank that issued the cashier's check with your photo identity proof and get it cashed immediately.
You can cash a Chase cashier's check at any Chase bank branch or at a Chase ATM if you have a Chase account.
Yes, you can deposit a cashier's check at an ATM.
Yes, it is possible to deposit a cashier's check at an ATM, as long as the ATM is equipped to accept check deposits.
to recoconcile foreign and local currencies to and from different banks
No
To obtain a cashier's check or cash for a transaction, you can visit a bank or credit union where you have an account. Request a cashier's check from the teller by providing the necessary funds and recipient information. If you need cash, you can withdraw the desired amount from your account at the bank's counter or ATM.
Many ATM's allow the user to make deposits as well as withdrawals. This means you no longer need to waste (often considerable) time in a bank's queue waiting to speak to a cashier.
What are they called? In Mexico, an ATM is called a cajero automatico ("automatic cashier.")
ATM is banking subsystem (Subject) that provides bank customers with access to financial transactions in a public space without the need for a cashier, clerk or bank teller. Using an ATM, Customer Actor can access their bank accounts in order to check balances, deposit funds, withdraw cash and/or transfer funds (Use Cases). See example ATM Use Case diagram in the link.