What is an ATM?
ATM (automatic or automatic teller machine) is a computer machine designed to release cash for customers of the bank without the need for human interaction. Atm can also take deposits, transfer money between bank accounts and provide other basic financial services.
Most banks contain one or more ATMs "in the premises", so customers have access to services 24 hours a day, seven days a week. During the banking hours, the ATM can reduce long lines inside the bank by providing an alternative to the human treasurer. Even better, the ATM is still available long after the bank is closed. If in the evening you need cash, on vacation or Sunday, the ATM is there to serve. It resembles a credit card, but is issued from a bank used with an ATM. Once the machine reads the magnetic belt on the card, it requires a personal identification number or PIN. The PIN provides security if the card is lost to fall into the wrong hands.
After correctly enter the associated PIN, the customer on the ATM screen will see a list of options. The customer passes through the touch screen or buttons through the ATM screens and completes the desired transaction. If the customer decides to withdraw cash, cash is dispersed via the feeder slot. If it is closed, the customer brings the deposit envelope to the deposit slot when the machine is applied. The income is optionally printed for the customer, but the ATM retains a record of all transactions. The ATM can automatically deduct withdrawals or add deposits to the customer's accounts (accounts) tied to the bank's computer system.
Many banks do not charge a fee to customers for using their own ATMs. However, if you collect cash from an ATM that does not belong to your bank, transaction fees are likely to arise. Atmms normally published informationrometion about non-customer fees even if it will not include fees that would be inAš's own bank could charge.
ATMs patents were reportedly filed in the 1930s, but the first real ATM is credited with Barclays Bank of London in 1967. The latest incarnations of these now includes Linux and Microsoft -based screens.