ATM (Automatic Teller Machines) Cards

From the name itself, it should be obvious that this is something automatic and from the name expansion, you will know ATMs are Automatic Teller Machines. The cards used to operate ATMs are called ATM cards.

Using ATMs, customer can access bank accounts and make cash withdrawals. It can also show you current balances. Some ATM cards can also work as shopping cash free cards and are called as Debit Cards. Credit Cards are also a type of ATM cards, where customers are allowed to withdraw in debt.

ATM cards are digital electronic cards, where all information about the customer is stored. When inserted to ATMs, you are asked to provide a PIN number ( secret identification number) to get authorized for the transaction. Only on successfull key entry, you are allowed to make withdrawals. This makes ATMs the safest way for cash withdrawal.

ATMs are connected to banking network and makes update about each transaction almost real time.