Question

Explain the advantages of ATMs to customers and bankers.

Answer 1

1. It gives round-the-clock service and thereby banking time is saved.
2. Service is quick and efficient and free from errors.
3. On networking, the cardholder can access cash and services at any place.
4. Funds can be transferred easily to any branch of the banks.
5. Withdrawals can be made at any time and hence it can be called an anywhere banking facility.