ATM

hat Is an Automated Teller Machine (ATM)?

An automated teller machine (ATM) is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller. Anyone with a credit card or debit card can access cash at most ATMs.

ATMs are convenient, allowing consumers to perform quick self-service transactions such as deposits, cash withdrawals, bill payments, and transfers between accounts. Fees are commonly charged for cash withdrawals by the bank where the account is located, by the operator of the ATM, or by both. Some or all of these fees can be avoided by using an ATM operated directly by the bank that holds the account.

ATM at MMC

Federal Bank ATM is in MMC in the year 2019.

MMC provides 24-hours Federal Bank ATM facility for students and staff. Hostel students are able to use this facility at any time within the campus itself.

KEY TAKEAWAYS

• Automated teller machines are electronic banking outlets that allow people to complete transactions without going into a branch of their bank.
• Some are simple cash dispensers while others allow a variety of transactions such as check deposits, balance transfers, and bill payments.
• To keep ATM fees down, use an ATM branded by your own bank as often as possible.