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Consumer Electronics by S. P. Bali

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AUTOMATED TELLER MACHINES

Using a bank card at an appropriate automated teller machine (ATM), a customer can access nearly all the facilities available from a counter service. The customer can withdraw money; pay money into one or more accounts; transfer funds between accounts; get a current balance; order a statement, new cheque book, or bank card and so on. Since their introduction, ATMs have proved exceedingly popular; they take less time to operate than standing in a quene in a bank lobby, they are available when the bank is closed, and they are often located in areas where you would not normally expect a bank to operate, such as shopping malls, airports, railway stations, and office buildings.

The basic operation of a single bank ATM is ...

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