Senior Reconciliation Executive Interview Questions and Answers

To know if there is a shortage in an ATM, check the cash balance, monitor transaction patterns, and conduct regular audits.

• Check the cash balance in the ATM regularly

• Monitor transaction patterns to identify any unusual activity or high withdrawal rates

• Conduct regular audits to ensure the cash in the ATM matches the recorded transactions

• Implement real-time monitoring systems to receive alerts for low cash levels

• Analyze historical data to identify any recurring shortages or pat...read more

The difference in ATMs can be identified by their features, functionality, and location.

• Different ATMs may have different features such as deposit capability, cardless withdrawal, or currency exchange.

• ATMs can vary in functionality, such as being standalone machines or part of a bank branch.

• The location of ATMs can also differ, with some placed in convenient locations like shopping malls or airports.

• ATMs may belong to different banks or financial institutions, which can affec...read more