2. ATM Working Principles.

Question

Accepted Answer

ATM (Automated Teller Machine) is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative.

ATMs allow customers to withdraw cash, deposit checks, transfer money between accounts, and check account balances.
ATMs communicate with the bank's computer system to verify account information and process transactions.
ATMs use a magnetic stripe or chip on the customer's debit or credit card to identify the account and authorize transactions.
ATMs may charge fees for certain transactions or for using an out-of-network machine.
ATMs may also offer additional services such as purchasing prepaid cards or paying bills.

2. ATM Working Principles.

Popular interview questions of Software Intern