ATM.pptx-Meaning-Features-Advantages-Disadvantages

ATM most commonly means Automated Teller Machine, a self-service electronic banking terminal used for financial transactions like cash withdrawals and deposits.

1. Automated Teller Machine (ATM) Dr Jenifer Thangam .J Assistant Professor

2. Automated Teller Machine (ATM) Automated Teller Machine (ATM) The Automated Teller Machine (ATM) is seen everywhere. This machine has brought innovations in the Banking sector all over the world. The customers are no more dependents on the brick-and-mortar branch of a Bank. The branch business timings have lost significance to the customer after the introduction of the ATM.

3. Features of ATM Provides 24×7 banking service. Allows cash withdrawal, deposit, and fund transfer. Linked directly to customer’s bank account. Operated through debit or credit card and PIN. Offers mini statement and balance inquiry.

4. Advantages of ATM Convenient and time-saving. Reduces bank crowd and workload. Accessible anywhere (domestic and international). Provides quick emergency cash. Safe and secure transactions with PIN .

5. Disadvantages of ATM Risk of card skimming and fraud. Technical errors or machine breakdown. Transaction limits on withdrawals. Possible loss of card or PIN misuse. Charges for using other bank ATMs