ipl-logo

ATM (Automatic Teller Machine): How Does It Help People?

849 Words4 Pages

Case Study
ATM (Automatic Teller Machine)
So what is ATM? What does it do? How does it help people? So I’m going to tell you about the answers to these questions, first let me define what ATM is, ATM is an electronic banking outlet, which allows customers to complete basic transactions such as withdraw or deposit cash without the aid of a branch representative or teller. There are two types of ATM the first basic unit is the one that allows the user to withdraw money and check their balance, the other type is more complex than the first one because the complex machine allows you to not only withdraw cash and check your balance but also allows the user to deposit cash and facilitate payments. How does ATM help people? Well they make the lives of ATM user more easy and comfortable …show more content…

This information’s above might not satisfy you about the ATM so let us continue to discuss the disadvantages of ATM to its users. The main highlight of the advantages of the ATM is that you can withdraw money anywhere as long as there is a machine. Well like the saying every advantage has its disadvantage, the disadvantage of ATM is that it is not located in remote places, yeah that is one big disadvantage especially for those who to go to different places. Another disadvantage is that the ATM card could make it possible for you to overdraft your bank account. Overdraft fees are so high so as an ATM user you should keep track of your records, and little piece of advice from ATM users “do check your

Show More
Related

  • Summary: Anthony Ikejiaku V. MBF Leasing LLC

    658 Words  | 3 Pages

    Prior to the closure of my store, there was always MBF withdrawing money from my account without any issues. The ATM was leased to owe as we agreed. This company through another method or company leased me another credit card machine, which did not work in my store. The machine created a lot of defaults and lack of service

    Read More

  • Case Study: Hi Ridgeway Employee

    117 Words  | 1 Pages

    Ridgeway apologize for any inconvenience this unfortunate event has cause to your families! For those of you with bank charges due to overdrafts, please provide a proof of those charges to your area manager for reimbursement.

    Read More

  • One Stop Deca Cash Flow Statement

    980 Words  | 4 Pages

    This makes it easier to keep track of all of the money throughout the week and keep it all in one place. Once they take out the money, leaving sixty dollars in the register, the financial manager will then proceed to write how much they are taking out, and put the money into

    Read More

  • Wells Fargo A Bank In The 1850's

    989 Words  | 4 Pages

    Wells Fargo might be thought of as a bank today, but in the 1850’s, it’s primary service was mail delivery (Maxfield). The company Wells, Fargo & Co. is known for its banking and mail delivery services in the Old West, and today, is an extremely successful bank. Wells, Fargo, & Co. had paths on which they would go on to deliver mail from one place to another across America. In 1858, Wells Fargo’s stagecoaches delivered mail from texas to california (Wells Fargo 5). Wells Fargo was a bank who buys gold dust, sells paper bank drafts, and provides loans (History).

    Read More

  • There Will Come Soft Rain Technology

    651 Words  | 3 Pages

    Technology has helped society because it has given people a chance to get caught up with society, keep them safe, and make life easier. Robotics has helped society in many different ways. This can be seen in the story, “There Will Come Soft Rains” by Ray Bradbury

    Read More

  • Essay On Raising Federal Income Tax

    980 Words  | 4 Pages

    Why do we need money? Do we need money because of our wants or needs, or both? Money is an essential aspect in our society in which we use to supply our needs and wants. Everyone in our society thinks differently in respect towards if you have more money than more problem. In the contrary, if I were to give you a million dollars I highly doubt you will have more problems instead more problems solved because you have more money.

    Read More

  • Louis Xvi Dbq

    795 Words  | 4 Pages

    Bank of England Except the normal function of exchanging foreign currencies and receiving deposits, the bank of England makes loans. The banknote was issued for the returning of lending money to the government. Gradually, the gold and silver coins were substituted by the paper

    Read More

  • Bank Of America Mobile Banking Case Study

    1764 Words  | 8 Pages

    Bank of America: Mobile Banking This essay is based on the case “Bank of America: Mobile Banking” which is dated on May 2012. We will first present benefits mobile banking provide to consumers and highlight reasons why many consumers haven’t adopted mobile banking yet. Furthermore, we will look into Bank of America motivation to offer mobile banking to its customers and review associated costs and risks of mobile banking implementation. Then understand what lessons can the bank learn from its online banking operations and analyze costs and benefits of having customers migrate to online banking.

    Read More

  • Case Study Wells Fargo

    476 Words  | 2 Pages

    Wells Fargo’s “Gutless Leadership” Wells Fargo is one of the largest banks in the United States, with “…more than 8,600 locations [and] 13,000 ATMs” (Wells Fargo Today). Millions of Americans trust them with their finances. However, after a federal investigation, Wells Fargo has admitted to opening up to two million accounts without customers’ permission. While this had financial implications for many customers, this scandal most heavily affected Wells Fargo’s low-level employees.

    Read More

  • The American Dream Argumentative Essay

    549 Words  | 3 Pages

    Everyone is dependent on money to safely sustain ourselves. We are all dependent on money to safely sustain ourselves. Food, transportation, electricity, medicine, etc. Cash rules everything almost every aspect of modern society These are important aspects of

    Read More

  • Advantages And Disadvantages Of Cryptography

    1472 Words  | 6 Pages

    Cryptography is a technique or method to secure personal data from unauthorized user. In cryptography two types of operation are performed. (i) Encryption and (ii) Decryption. To encrypt and decrypt data a secret key is used. After encryption original data is converted into another format known as cyphertext, which is not easy to understand.

    Read More

  • Wells Fargo: Organizational Strategy And Objectives

    850 Words  | 4 Pages

    Through the use of innovative technology, Wells Fargo aims at creating new kinds of lasting value for businesses and customers and also increase efficiency for the internal

    Read More

  • Benefits Of Technology Smarter Than You Think

    1388 Words  | 6 Pages

    Technology could help people adapt in ways that could help them change the way they live and think. Although, it could negatively affect the way people process information through the internet such as having problems with literacy and distractions. In “Smarter than You Think”, Clive Thompson claims that technology can help humans be smarter. Technology such as computers to mentally challenge themselves, so they can improve. Thompson talks about how playing a computer in any sort of game like chess could be a game changer for humans to help them improve their performance and overcome their mistakes.

    Read More

  • Advantages Of Token Economy

    1338 Words  | 6 Pages

    Token economy Introduction A token economy is a system of behavior built on the systematic reinforcement of aimed behavior. It includes rein forcers which are symbols or tokens that can be used for other rein forcers. It is based on the principles of operant conditioning and can be located within applied behavior analysis. It can be used with children and adults in applied settings however they have been modelled with pigeons in laboratory settings.

    Read More

  • Reflection About Investment

    856 Words  | 4 Pages

    What money can do for you is what is really important. Money gives you freedom and choices. What I learned from my investment classes is that investing is important. If you keep your money in your back pocket instead of investing it, your money doesn't work for you and you will never have more money than what you save.

    Read More

More about ATM (Automatic Teller Machine): How Does It Help People?

Open Document