Short Notes for JAIBB-Business Communication : ATM Booth

Automated Teller Machines (ATM) booth is an electronic machine that enables the customer to withdraw money using electronic cards commonly known as debit or credit cards. It is helpful in the sense that, it is a self-operated machine and does not require any banker to withdraw the money from it. The first ATM appeared in London in 1967 and within 50 years its spread all over the world. 

According to Investopedia, "An automated teller machine (ATM) is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller."  

According to Collins Dictionary," An ATM is a machine built into the wall of a bank or other building, which allows people to take out money from their bank account by using a special card. ATM is an abbreviation for 'automated teller machine'."  

The advantages of ATMs are as follows :
  1. Provides 24/7 services 
  2. Convenient to bank customers
  3. Reduces the workload to staffs
  4. Provides services without any error
  5. Beneficial to travelers
  6. Privacy in banking transactions.

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