{"id":151458,"date":"2022-02-22T13:34:24","date_gmt":"2022-02-22T08:04:24","guid":{"rendered":"https:\/\/www.aplustopper.com\/?p=151458"},"modified":"2022-02-22T19:51:18","modified_gmt":"2022-02-22T14:21:18","slug":"advantages-and-disadvantages-of-atm","status":"publish","type":"post","link":"https:\/\/www.aplustopper.com\/advantages-and-disadvantages-of-atm\/","title":{"rendered":"Advantages And Disadvantages Of ATM | What is an ATM?, Merits and Demerits of ATM"},"content":{"rendered":"

Advantages And Disadvantages Of ATM:<\/strong> Automated Teller Machine or ATM is an electronic device installed by the bank that allows customers to perform financial transactions with the bank from any location and at any time even beyond banking hours. The bank account holder accesses the ATM through an ATM card which is unique for each customer and carries his identity. ATMs are convenient for customers to perform activities such as cash withdrawals, deposits, balance checking, and other operations. ATMs enable customers to perform financial transactions on their own without the involvement of bank staff. ATM operates using a stable internet connection, requires an ATM card to get activated, and after matching the card’s information dispenses cash as per the amount specified by the user.<\/p>\n

Students can also find more\u00a0Advantages and Disadvantages<\/strong><\/a>\u00a0articles on events, persons, sports, technology, and many more.<\/p>\n

What is an ATM? Advantages and Disadvantages of ATM 2022<\/b><\/h2>\n

ATMs are the machines that are connected to the host server of the bank for data transfer. The ATM is a device consisting of a keyboard, card reader, and monitors for input-output operations. It reads the card\u2019s information, connects to the host processor through the unique PIN (personal identification number), and checks the details of the cardholder. Once the machine matches the data, it accepts the ATM card for further processing and transactions. The user then selects the appropriate option for withdrawal and the device performs the electronic fund transfer with the bank account. The entire operation takes a few minutes thereby saving a lot of time and effort for the customer as well as banking staff.<\/p>\n