Explain 4 facilities that are offered by ATM?

Automated Teller Machines (ATMs) provide convenient and secure access to banking services round-the-clock, allowing customers to perform various financial transactions without visiting a bank branch. Here are four common facilities offered by ATMs:

1. Cash Withdrawal: ATMs enable customers to withdraw cash anytime, 24/7. Most ATMs have daily withdrawal limits, and customers can choose to withdraw specific amounts or multiples of a certain denomination.

2. Balance Inquiry: Customers can check their account balance and view recent transactions through the ATM. This facility allows for quick and easy monitoring of account activity.

3. Cash and Check Deposits: Many ATMs accept cash and check deposits, eliminating the need to visit a bank during business hours. Some ATMs also provide the option to deposit multiple checks at once and receive instant credit.

4. Fund Transfers: ATMs allow customers to transfer funds between their own accounts or to third-party accounts within the same bank. This facility is convenient for managing multiple accounts and making quick payments.

In addition to these basic facilities, some advanced ATMs may offer additional services such as bill payments, mobile phone top-ups, account statement printing, and even foreign exchange transactions. The availability of specific facilities may vary depending on the bank and the type of ATM.