Automated Teller Machines
Automated Teller machine (ATM) refers to electronic terminals which are used to make deposits, withdrawals and other transactions by the customer. Sometimes it is referred to as automatic teller machine. It is a computerized telecommunication device that offers its customers a secured way to make their financial transactions in the public space. Credit card cash advances can be made through ATMs.

Apart from that customers can access their bank accounts, check their balances etc They can also pay bills and transfer money between their bank accounts. A plastic card with magnetic stripe or a smart card with a chip should be inserted in the provision available in the ATM.

These cards contain the card numbers of the customers and other security information. Later, the PIN or Personal Identification Number should be entered for performing the transaction. With the proliferation of the ATM centres, getting personal loans has become easy and simple.

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