| p>An automated teller machine, also known as ATM, | | | | money, at that time, all you have to do is just visit |
| is basically a computer with a built in | | | | the automated teller machine. These days, we can |
| telecommunication access facility device. An ATM | | | | find the automated teller machines even in places like |
| mainly does the work of providing access to your | | | | supermarkets, travel centers etc. With this ATM |
| bank account and thus allowing you to withdraw cash | | | | facility, funds are made available to you even when |
| and too, without a cashier or a bank teller. The | | | | you are situated in another country. When you use a |
| customer has to insert his card into the card reader | | | | credit card for using money that you don't have, you |
| slot of the ATM and then has to punch in certain | | | | will then receive a monthly bank statement, whereby |
| computer keys and respond to the prompts on the | | | | you have to pay. You can also use a debit card. A |
| screen. Within few minutes of your time, you start | | | | debit card, instantly deducts money from your |
| walking out with cash in your hand. Of course, the | | | | available saving account and thus provides you with |
| cash withdrawn is from your concerned bank | | | | hard cash. This cash is from your available bank |
| account. Such is the level of modern banking facility. | | | | balance. So if you don't have the required amount of |
| An ATM, allows the customer of the bank to even | | | | cash available in your bank balance, the automated |
| check their account balances. You can also deposit | | | | teller machine will prompt you saying "no sufficient |
| cash in your account by using the automated teller | | | | balance". |
| machine. With the existence of the automated teller | | | | These machines are connected to a host computer |
| machines, banks have been able to lower their | | | | and from that point of contact, the line is diverted to |
| operating costs and they are now able to handle | | | | the concerned bank. So when a banking transaction |
| more banking transactions of the customers in a | | | | process has to happen, it is the host computer which |
| short time and just by using computers and a | | | | is responsible for doing the main work of receiving |
| telephone line. By providing this ATM facility, the | | | | and processing the data for executing the concerned |
| customer can get access to his funds during | | | | banking transaction. Banks may use a normal |
| emergencies. For instance, today is a Sunday and | | | | telephone line or a leased line for connecting the |
| being a bank holiday, the customer will not visit the | | | | automated teller machine with the host computer. |
| bank. But he knows that he can fulfill the purpose of | | | | Normally, it is the leased line connectivity that is |
| withdrawing his money on a Sunday just by visiting a | | | | preferred in order to handle more traffic efficiently. |
| nearby ATM. | | | | But leased line machine connectivity is more |
| So if you are suddenly short of cash and you need | | | | experience compared to dial up ATM facility. |