ATM, Automated Teller Machines, are an electronic banking outlet, that performs unattended banking functions 24/7, without the help of a teller or a bank representative. These computerized machines were first introduced in the early 1980’s. They give bank customers access to their current accounts with a magnetically encoded plastic card and a PIN code.
The primary use of the ATM was to enable users to withdraw money. However, the use of ATMs has evolved and the services offered, although varying from one bank to another, have increased, enabling users to perform several banking operations.
Aside from withdrawing money, users can make deposits in various currencies, generate statements, settle bills, transfer money between accounts, etc…
Despite the fact that the advanced services are exclusively available to the clients of the bank operating the machine, the most important service remains that cardholders have access to their money from any ATM in Lebanon and around the world.
Advanced features provided vary from one country to another; and Lebanese banks are very active in terms of following the technology, whereby in the last years, most banks have introduced new-generation ATMs.
Among services offered by ATMs in Lebanon, we list the cash deposits and withdrawals in various currencies, check deposits, checkbook request, balance inquiry, mini statements. Some ATMs offer extra services, such as transfers between accounts, Recharge Alfa and MTC Touch prepaid lines, postpaid mobile line or a phone land line.
Banks worldwide offer even more advanced services through their ATMs, such as paying all types of utility bills (phone, electricity, Internet), paying loans, settling school fees, etc...
These new ATM functionality have changed the way we deal with banks, they are definitely time savers. They provide customers with means to keep track of their accounts and to settle and deal with financial transactions at their convenience.
Banks are promoting their advanced ATMs within the same context of the online and phone banking, focusing on the convenience, time saving and flexibility to the clients.
To learn more about services offered by ATMs in Lebanon, visit Bnooki.com