How Much Is an ATM Machine in Namibia?
WHAT IS AN ATM MACHINE?
An Automated teller machine (ATM) is a special type of computer that makes it convenient to manage a bank account holder’s funds when he/she inserts a bank card into it.
WHO INVENTED THE ATM MACHINE?
The Automated Teller Machine was invented by an Indian born British inventor John Adrian Shepherd-Barron. He pitched the device to the British bank Barclays, who accepted his idea and the first model was built and installed in London in 1967.
WHEN WAS ATM MACHINE INTRODUCED TO AFRICA?
ATMs were introduced to Africa somewhere around 2009.
WHAT ARE THE TYPES OF ATM MACHINE?
Here are the types of ATM Machines we have;
Onsite ATM
Offsite ATMs
White Label ATM
Yellow Label ATM
Brown Label ATM
Orange Label ATM
Pink Label ATM
Green Label ATM
WHAT IS THE BENEFIT OF ATM MACHINE?
Below are some of the advantages or benefits of ATM machines;
Access to hard cash anywhere at anytime
ATM Machine offer financial inclusion
ATM Machine offer wide range of services
ATM Machine are cheaper to maintain
ATM Machines serves an important function in times of crisis
WHAT ARE THE DISADVANTAGES OF ATM MACHINE?
There are a number of disadvantages of the ATM machine, here are some of them;
Security issues
Inability to perform complex transactions
Fees
Privacy
Difficulty of use
Eating a card
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WHAT IS THE WITHDRAWAL LIMIT OF ATM MACHINE IN NAMIBIA?
The daily withdrawal limit of most bank’s ATM machine is N$1000.
HOW MUCH IS ATM MACHINE IN NAMIBIA?
An ATM machine can range in cost from N$1,000 TO N$8,000 depending on the size of the machine.