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Questions
What is an ATM?
Explain: ATM
Briefly explain ATM.
Explain
Long Answer
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Solution
- A bank-installed Automated Teller Machine (ATM) where account holders can withdraw and deposit cash at the machine.
- ATMs are open year-round and available 24/7. It is extremely easy and time-saving for both the bank and its customers.
- It is extremely handy and time-efficient for both the bank and the customers.
- A customer can perform various financial transactions, e.g., fund transfers, cash withdrawals, cash deposits, account statements, or account information inquiries at any time without direct interaction with staff members.
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Electronic Banking (E-Banking) - ATM, Credit and Debit Cards
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Chapter 14: Banking - EXERCISES [Page 274]
RELATED QUESTIONS
A customer can withdraw or deposit money with the help of this machine by inserting his/her card and typing his/her personal identity number.
In case of ______ cardholder makes payment after using the card.
In case of ______ cardholder makes payment before using the card.
What are the cautions to be used while using debit or credit cards?
State any two precautions while using an 'ATM'.
What is a credit card?
What is meant by E-banking?
State three precautions that must be taken while using credit or debit cards.
What is a Bank Draft?
Enumerate various types of E-banking facilities.
