ATM
Automated Teller Machine
Q: What does ATM stand for?
A: ATM stands for “Automated Teller Machine.”
Q: What is an ATM used for?
A: An ATM is primarily used for cash withdrawal from a bank account. Apart from that, it can also be used for deposits, fund transfers, and checking account balance.
Q: How do you use an ATM?
A: To use an ATM, you first need to insert your debit or credit card and enter your PIN. Then you need to choose the transaction you want to perform. After that, you need to follow the instructions displayed on the screen and complete the transaction.
Q: Is it safe to use an ATM?
A: Yes, it is generally safe to use an ATM. However, you need to be careful while using an ATM and take precautions like covering the keypad while entering your PIN, choosing a busy and well-lit ATM location, and monitoring your account regularly for any unauthorized transactions.
Q: Are there any fees associated with using an ATM?
A: Yes, there may be fees associated with using an ATM, like withdrawal fees, balance inquiry fees, foreign transaction fees, and surcharges for using an out-of-network ATM. However, some banks offer free ATM usage or reimburse their customers for ATM fees. It is better to check with your bank for the fees associated with using their ATM network.
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