answersLogoWhite

0

An ATM is an important entity for a bank. It is a facility through which banks can reach out to customers and provide banking services without the customer having to visit the bank branch. Some of the services banks offer through ATMs are:

  1. Cash Withdrawal
  2. Balance Inquiry
  3. Statement Advise
  4. Fund Transfer
  5. Cash Deposit
  6. Check Deposit
  7. Prepaid Mobile Recharge

The presence of a good ATM network, significantly boosts the chances of a customer choosing a bank for his banking needs.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What is the importance of Automated Teller Machine?

Atm help you withdraw without going to the bank


Importance of ATM machine?

ATM Machines hold a great importance in our day to day life. They are our staple whih we use it to withdraw immediate cash out of the bank without standing in a long queue.


Can you make a deposit at the ILWU Credit Union?

yes at the bank itself or it's many ATM machines


Whats the meaning for ATM surcharge?

An ATM Surcharge is the service charge that you have to pay for using a private ATM or the ATM of some other bank. For ex: If you have a Bank of America ATM and opt to use a private ATM machine in a shopping mall or a Chase bank ATM, then you will charged a surcharge for using an ATM that is not in Bank of America network because - the owner of the ATM would charge Bank of America for its customer taking money from their ATM


What do own banks ATM mean?

Own Bank ATM means that the Bank owns the ATM. If you are a customer of this bank then there is (usually) no charge from withdrawing your own money from your account using this ATM. If the ATM were owned by another bank, you would most likely have to pay a charge to withdraw money from your bank's account.


What Bank has the most ATM's in the US?

Bank of America has the most ATM's in the U.S., with 18,426.


What is a ATM charge?

An ATM charge is when you are using an ATM that is not the ATM of your bank' company. Therefore, they charge you for it


Can I do a cash transfer from checking to savings from an ATM?

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.


Did sbi got ATM in bajpe?

no only vijaya bank ATM available andone more corp bank ATM at airport


WHAT IS NWD?

HDFC Bank ATM card's been used on another bank ATM Machine


Did the Bank of America ATM eat your card?

Yes, the Bank of America ATM ate your card.


How much does it cost to use a Bank of America ATM?

If someone has a bank account with Bank of America it is free to use the ATM.