Isn't the ATM Technology Outdated in Today's Era

There was a time when ATM machines were introduced, and people were so amazed by the process and technology. It was a compact machine that could do several things at a time.

Before answering the question, let's see what an ATM is and what does it do.

An ATM or Automated Teller Machine is an electronic device that enables you to perform financial transactions through a particular bank or institution. Using the machine, you can deposit or credit the desired amount from/in the bank account, whenever needed. Banks set up an infrastructure with hundreds of ATM centres within the cities.  

The concept of ATM works with two elements- one is the machine itself, and another one is the card that is used to perform transactions. The ATM card is made up of plastic and contains personal as well as confidential information related to your bank account. It allows you to withdraw money in a few seconds. But for this, you need to insert the card into the machine and let the process complete. The Gulf countries like Kuwait are usually noticed, welcoming a large number of expats and visitors. This the reason as to why banks offer ATM in Kuwait in a comprehensive manner.

Now, let's see what the benefits of the ATM in Kuwait are, or in any corner of the world.

• Using an ATM in Kuwait, you can access your money in any currency, and the cash deposit machines allow you to get it in the same way.
• ATMs in Kuwait are open 24/7, which enables you to access your funds any time.
• Most of the ATM in Kuwait offers a system where you don't need to insert your card into the machine. You just need to tap it on the sensor, and the computer retrieves the necessary data through the scanner.
• ATM in Kuwait is available outside every branch of the banks. Besides, one can find it in the marketplaces, cinema halls, malls, airports and many other places.
• The ATM in Kuwait usually comes with CDM, i.e. cash withdrawal machine that allows you to withdraw 100 notes at a time. Furthermore, you can deposit the money into an account, and it gets credited immediately.
• The amount of deposition and withdrawals are entirely safe and is secured with a unique PIN.
• Usually, any ATM in Kuwait is a multi-currency machine that allows you to withdraw in the currencies enlisted with the bank.

Not just limited to the benefits enlisted above, you can do much more with an ATM in Kuwait such as change your card's pin, request chequebooks, transfer amount to another account and so on. Internet banking or mobile banking can let you transfer the money, but it doesn't give you cash, which is needed in day-to-day life.

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amrina alshaikh Joined: April 23rd, 2018