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One advantage of using an automated teller machine, or ATM, is convenience since they are generally located in stores where one might need cash from their account or outside of banks where one can access them as a drive-thru. ATMs also offer 24 hour access so one can use them even when the bank itself is closed.

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What does ATM transaction mean?

ATM stands for Automated Teller Machine. One of those machines where you can withdraw money using a keypad, a card, and a PIN code. ATM transaction is Bank Speak for money withdrawn from an ATM/cash machine.


What does ATM mean in banking?

ATM is the abbreviation for Automated Teller Machine, a special computer that allows you to perform certain limited banking tasks -- like withdraw money from your checking account -- using your credit or debit card. A teller is a bank clerk.


The Cash Machine?

"The Cash Machine" typically refers to an automated teller machine (ATM) that allows users to withdraw cash, deposit funds, and check their account balances. These machines have become integral to banking, providing convenient access to cash without the need for bank tellers. They operate using a secure card system and require users to enter a personal identification number (PIN) for authentication. In addition to cash transactions, many modern ATMs offer additional services, such as bill payments and account transfers.


What is a cash dispenser?

A cash dispenser, commonly known as an ATM (Automated Teller Machine), is an electronic device that allows users to withdraw cash, check account balances, and perform other banking transactions without the need for a bank teller. It operates using a debit or credit card and typically requires a Personal Identification Number (PIN) for security. Cash dispensers are widely used for their convenience and are found in various locations, such as banks, shopping centers, and airports.


Advantages of using reports in databases?

Type your answer here... they are crap

Related Questions

What is an Automated teller machine?

An ATM (automated teller machine) allows a user to perform basic banking transactions (generally checking account balances, withdrawals, and account transfers) where access to their bank is difficult or inconvenient at their given time and place. When you say ATM Machine I think you mean Automated Teller Machine. This is the device you find at financial institutions and retail locations that dispense cash when you insert your ATM card (the card your bank gives you to access your money from your account using an electronic device) and enter your PIN (personal identification number). ATM machines use ATM networks (as opposed to debit networks for your debit card) to access your account information and dispense cash from your account.


What does ATM transaction mean?

ATM stands for Automated Teller Machine. One of those machines where you can withdraw money using a keypad, a card, and a PIN code. ATM transaction is Bank Speak for money withdrawn from an ATM/cash machine.


What are the advantages of using automated weather stations?

it saves human labour


What does ATM mean in banking?

ATM is the abbreviation for Automated Teller Machine, a special computer that allows you to perform certain limited banking tasks -- like withdraw money from your checking account -- using your credit or debit card. A teller is a bank clerk.


What are the concerns of using automated service?

We loose the human touch and start inter act with machines finally get isolated


What are the advantages of using ball machines?

The advantages of the ball machines has to be that they are consistent, they helps one work out, will help to improve return shots, one can use them alone or with others.


Advantages of machines?

machines are very big and large in size .so that is uploaded heavy weight....


What is ATM and how work in Hindi?

ATM stands for Automated Teller Machine, which is a machine that allows bank customers to perform various banking transactions without the need for a teller. In Hindi, ATM is commonly referred to as "एटीएम" (ēṭī'ēma), and it works by using a debit or credit card along with a PIN to access your bank account and carry out transactions such as withdrawing money, depositing checks, and checking account balances.


Types of automatic machines?

Automatic machines can be categorized into several types, including industrial robots, CNC (Computer Numerical Control) machines, and automated assembly lines. Industrial robots are designed for tasks like welding and painting, while CNC machines are used for precise cutting and shaping of materials. Automated assembly lines streamline production processes by using conveyor belts and robotic arms to assemble products efficiently. Additionally, there are automated packaging machines that handle the packing process in manufacturing.


Where is it possible for one to view their checking account info?

There are many ways one can view checking account information. This includes going to their local bank branch, using an automated teller, or using an online banking service.


What are the advantages in using automation?

machines take over your job and you dont have to work anymore--welcome the endless vacation


What are at least 3 advantages to using a robo advisor over a traditional financial advisor?

Three advantages of using a robo advisor over a traditional financial advisor are lower fees, accessibility to automated investment strategies, and convenience of managing investments online.