Today, we want to look at what ATM is all about and its uses; I found some explanations from one of the issueing banks in Nigeria, Zenith Bank.
ATM means Automatic Teller Machine. An ATM a machine that dispenses cash to account holders oraccepts cash deposits. The transaction is initiated and concluded with the use of a magnetic stripe card or smart card.
The ATM card has either a magnetic stripe or a processor (or chip) that allows data or information to be stored or processed in it. ATMs are a quick and convenient way to access money in your accounts.
The benefits of the ATM
24-hour access to accounts.
Transfer of funds
Balance enquiries
Printing of mini statements and account statements.
Cash withdrawals, e.t.c.
Source: http://www.zenithbank.com/howtouse_atm.cfm
Next: How many ATMs do we have in Nigeria?
Tuesday, July 17, 2007
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1 comment:
Nice tips here. Looking forward to more informative posts on this blog. You can take a look at my blog on credit card payment solutions in Nigeria.
http://creditcardpaymentsolutiononline.blogspot.com/
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