Every one of us is well aware of the term ATM (automated teller machine). It is advanced banking equipment that is used for withdrawing money from the bank account, without going to the bank. The working of ATM machines looks simple, but in fact, various essential parts work together to carry out a single transaction.
If any part of the ATM machine becomes damaged due to any reason, the ATM machines will not work properly and you will not be able to withdraw money from your bank account. In this article, we will discuss some important parts of an automated teller machine. Without any further delay, let’s get to the main topic.
Essential parts of ATM machine:
A list of essential parts of an ATM machine is given below:
- Screen buttons
- Display screen
- Receipt printer
- Cash dispenser
- Speaker
- Card reader
- Keypad
- Deposit slot (used for dispensing money)
Function of the important part of ATM machine:
- Screen buttons:
In ATM machines, screen buttons are used to select the main menu of the machine. When you insert your valid card into the ATM, a list of menus appears. From the main menu, you select your option.
- Display screen:
As the name suggests, a display screen or LED screen helps in visualizing the information that we enter into the machine.
- Receipt printer:
After making the transaction, an option appears whether you want to take a receipt of your transaction or not. A receipt printer is used for printing the receipt of your transaction.
- Cash dispenser:
This portion of the ATM machine dispenses the money.
- Speaker:
Speakers provide the cardholder with auditory feedback when any key is pressed.
- Card reader:
It is responsible for reading the information available on the chip of your card.
- Keypad:
An ATM keyboard is used for entering the secret pin and amount we want to withdraw from our account.