- Easy to use
-Convenient for consumers
-Allows users to withdraw money at all times of the day and night even when banks are closed
-today you can go to your bank's ATM to make a deposit or loan payment, to transfer funds between accounts, or to check your account balance.
-ATMs are used to obtain money from anywhere in the world.
-To carry a debit card means you can carry less cash on your person, which guards against money being lost or stolen.
· ATMs offer the convenience of multiple locations. You can withdraw cash at any bank that is part of the system to which your ATM card is linked.
-Your ATM card is protected by a PIN, keeping your money safe.
- You don’t need to fill out withdrawal and deposit slips as is required at the bank.
-ATMs are faster than going to the bank—no long lines.
- withdrawing cash from another ATM outside your bank's network may require you to pay transaction fees
-there are times when ATM users encounter problems because the machine may be faulty
-ATM may be off-line (system down).
-You may forget your PIN number.
-Risk of robbery when you leave the ATM.
-the ATM can break down or run out of cash.
Grandfather, father son method of backup is used within an ATM this allows the data such as customers personnel details and statements to be constantly updated and verified if an error was to occur there is the option of going back to previous statements saved on the server and viewing past transactions and withdrawals. Due to the fact that a multitude of people use ATMS it is constantly being updated throughout the day to ensure that errors do occur and if the system was to fail previous transaction can be viewed.
HOW IT HAS CHANGED THE NATURE OF WORK
Automated teller machines have greatly changed the nature of work with their implementation in the 1960's. Since these transaction processing machines have been introduced a number of jobs which were frequently undertaken by employees have been abolished, there is no need for the multitude of employees in the bank any more as withdrawal transactions can be done so much faster and efficiently with the uses of these devices. the procedures that were once undertaken by these employees has been replaced meaning that the number of jobs has diminished dramatically and with the availability for multiple ATM's being connected and customers being able to uses a number of different branches devices to withdraw money for a small fee of course it is easily accessible and they are not required to travel to their branches closest bank but only to a shopping centre where any branches ATM is.