Cash is stored inside ATMs in specially designed vaults. Each vault takes only specific denominations of currencies. For ex: there will be a vault for $20 notes, a vault for $50 notes and so on. The ATM machine knows that if a customer wants $100, it can either dispense 2 $50 notes or 5 $20 notes. So it will choose either of the vaults and pick up appropriate number of notes to dispense cash correctly.
About $35,000
No, an ATM is only to give you cash from your bank account.
The answer is no. ATM machines only dispense cash. if you have checking account, you can withdraw cash from ATM machines using debit cards.
cash retract is the feature in atm by which cash is taken back by the atm machine incase the cash is not taken in some specfic time slot.
Actually No. You can only withdraw as much cash as the ATM holds. You cannot overdraw an ATM because it is a physical cash storage machine and it has its limits and it can hold only a certain quantity of cash. However, if you are asking if can you use the overdraft feature and withdraw cash from your account from an ATM - the answer is Yes.
About $35,000
No, an ATM is only to give you cash from your bank account.
The answer is no. ATM machines only dispense cash. if you have checking account, you can withdraw cash from ATM machines using debit cards.
You might have withdrawn cash from an ATM ( with some extra charge) !
cash retract is the feature in atm by which cash is taken back by the atm machine incase the cash is not taken in some specfic time slot.
the ATM consists of money that you can take or cash in
No, an ATM machine allows you to withdraw money. You have to use a Cash Deposit machine.
You use an ATM to withdraw cash from your bank account - then use the cash to go shopping !
Actually No. You can only withdraw as much cash as the ATM holds. You cannot overdraw an ATM because it is a physical cash storage machine and it has its limits and it can hold only a certain quantity of cash. However, if you are asking if can you use the overdraft feature and withdraw cash from your account from an ATM - the answer is Yes.
typically until the person balancing the ATM opens the envelopes to verify the cash
With an ATM card you can get cash at many locations.
It means that dispensed cash has been timed out and will be retracted by ATM.