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OMPRAKASH SINGH

Founder of Writo Edu... • 8m

How ATMs Make Money – Let's Find Out! 🤑💸 1. Transaction Fees: When you withdraw money from an ATM, you are charged a certain fee. This fee goes to the ATM operator and is a significant source of their income. 2. Balance Inquiry Fees: Checking your account balance at an ATM can also incur a fee, which goes to the ATM operator. 3. Foreign Transaction Fees: If you withdraw cash from an ATM abroad, you are charged a specific fee. This fee is shared between the ATM operator and your bank. 4. ATM Maintenance Charges: ATM operators sometimes earn through maintenance charges, which cover the upkeep and repair of the machines. 5. Advertisements and Sponsorships: Many ATM operators earn by displaying ads on their machines or entering sponsorship agreements to generate additional income. Note: The sources of income and fee structures may vary for different ATM operators. 💸🤑❤️

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