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ATM (automated teller machine)

ATM (automated teller machine). Misa Sun. What is ATM?. ATM is an automated teller machine or also known as the automatic banking machine. It is a cash machine that is computerized device that provides financial institution with the access to financial transactions in a public space.

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ATM (automated teller machine)

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  1. ATM (automated teller machine) Misa Sun.

  2. What is ATM? ATM is an automated teller machine or also known as the automatic banking machine. It is a cash machine that is computerized device that provides financial institution with the access to financial transactions in a public space.

  3. What do they use? ATM uses cards with magnetic stripe or smart card with a chip. In the card they contain unique card numbers and security information which provides the customer to enter personal identification number in order to use the card at the ATM machine.

  4. Advantage • ATM have the advantage or letting you to access to the cash in your bank account whenever you need it. • ATM is twenty four hours, seven days a week, so you can gain access and use it at any time of the day. • They can be found mainly all around the place where you go to.

  5. Disadvantage • The disadvantage of using ATM is if you insert the wrong pin code number, the ATM might eat you card. • There might be technical problems. The ATM might break down. • The ATM machine ran out of cash inside the machine.

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