An Electronic
Funds Transfer (EFT) keeps your money moving fast. It’s always
available for you when you need it! This system uses computers to
put your money where it needs to be. This system is called Automatic
Teller Machine (ATM). This is a computer that stores all of your account
information. You can use any ATM machine because they’re all
connected to the same computer. But when you use an ATM that is not
owned by your bank, you might be charged a fee. When you open an account
at the bank, you’ll be offered an ATM card.
When
you withdraw money, the computer system keeps track of the money
in your account, so it’s important to remember how much you
have in your account before taking money out of the ATM.
You can make
withdrawals, deposits, and check your balance for both your checking
account and your savings account through an ATM! An ATM can do all
of these transactions in a matter of seconds. You might say an ATM
is it’s own superhero…
