ATM

Using Cash Machines (ATMs)
ATMs can be used to for a range of banking services...
• Withdrawing cash
• Depositing money
• Checking the balance of accounts
• Transferring money between accounts
• Paying bills
A customer identifies him/herself and their bank account by using a bank card. The card is inserted into the ATM where it is read by a magnetic strip reader or a smart card reader. The customer also types a secret PIN into the ATM's numeric keypad to confirm that they are the real owner of the card ATMs can be used by customers of other banks as the ATM can use EFT...
If a customer of Bank A uses her debit card to withdraw cash from an ATM belonging to Bank B:
1. Bank B gives her the cash
2. Bank B now is owed money by Bank A
3.Bank B sends an EFT instruction to Bank A asking for money
   to be transferred from the customer’s account to Bank B.

4. Bank B has now been paid back