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How is ATM useful for us?

Anonymous

∙ 11y ago

Updated: 9/28/2023

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.

Wiki User

∙ 11y ago

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What are disadvantages of ATM machine?

Actually an ATM has a lot of benefits because it provides banking services to customers anytime they want (even on weekends or holidays) and so it is extremely useful. The only disadvantage I can think of is: a. If someone takes your ATM card and if they incidentally know your ATM PIN as well, they can withdraw money from your account without your knowledge. So it is very important to keep our ATM card safe and not share the PIN number with anyone else.

How do you transfer money ATM to ATM?

You draw the money from the first ATM, then you walk/crawl/fly/swim to the other ATM and deposit it into that ATM.

What is the meaning of ATM custodian?

ATM custodian is someone who maintains an ATM.

What is ATM simulator?

ATM Simulator is basically an application software which acts as a simulation to ATM.

How do an ATM read an ATM pin?

ATM card readers built inside the ATM machines can read the magnetic strip that contains every information about the ATM card including the PIN number.

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