Automated Teller Machines that revolutionized the field of banking

There is no doubt that the Automated Teller Machines have become a part of our life. The ATM machines remove the requirement of bank authorities for providing money to the customers. These machines are quite simple and easy to operate, the banks provide a card to its customers for carrying out transactions through ATM. This card has a PIN card number on it which is very much important. This PIN card number is known only to the owner of the ATM card. Since these ATM machines are connected with the field of money so there are chances of robbery and thefts associated with these machines. It has been noticed that most of the robberies take place during the early morning hours or during the late evening hours.

 

In order to maintain greater levels of security one should keep on changing their PIN card numbers after a fixed period of time. The ATM Machine asks the customers to provide these PIN card numbers before carrying out their transaction. The users of the ATM should also preserve their receipts that they get after doing transactions on these ATM’s. There are many benefits of these ATM’s, they not only provides money to the customers but they also offer a receipt that tells its customers about the status of their current account. The working process of these ATM machines is quite simple and easy. The customers have to insert their cards into the slots of the ATM machines and a set of instructions will appear on the screen of the ATM machine. The customers have to follow these instructions carefully in order to carry out a transaction.

 

The buy ATM Machine is quite useful and handy one; it removes the need of cashier or bank clerk for providing money to the customer. With the help of these ATM machines there is no need to stand in the long lines of the bank for getting cash. The ATM cards save the precious time and physical effort of the bank customer or account holders. The other big advantage of these ATM cards is that they remove the limitation of time frame. The issue of time frame is there in the traditional form of banking. That is there is fixed time period during which the banks operates or provide money to its customers. The ATM’s on the other hand are open 24 hours a day, and one can carry out transaction during any time. These ATM machines are connected with the bank and they seek permission from the banks before providing money to the customers.

 

If we look at the outer structure of the purchase ATM Machine we will find that it is made up on screen, keypad and slot or opening. The slot is for entering the ATM card into it and keypad is for entering information and instructions into the ATM machines. The screen of the ATM displays information to the customers about the set of instructions he or she needs to carry out in order to withdraw money from their account.