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How Much Is an ATM Machine in Namibia?



How Much Is an ATM Machine in Namibia?

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

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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?

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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.