ATMs are profitable for all banks since they can eliminate tellers at branches that have ATMs.

Question

Quizplus · Accepted Answer

ATMs can reduce the need for tellers by automating routine transactions, but their profitability for banks depends on various factors such as installation and maintenance costs, transaction volume, and fee structure. Not all banks may find ATMs profitable, especially if the costs outweigh the savings from reduced teller needs.

ATMs Are Profitable for All Banks Since They Can Eliminate