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What are the Uses of Computers in the Banks?

August 8, 2022

The major use of computers is in banks. The working of banks is incomplete without computers. Because the computer is the only device through which banks perform their transactions and many other things such as transfer of money, funding, and communication with other banks. Here are some of the uses of computers in banks are given:

Store account details and data:

Banks use computers to keep the account details. The computer also helps to keep the record of the bank which is very useful for the transferring of funds. The details of the account are very important to store because the bank is based on it.

It is also useful to keep track of the bank record. The computer also stores a lot amount of data which cannot be done without the help of the computer. It stores the record of the clients and their information.

Counting Machine

Cash counting machines are used to count cash in banks and other financial institutions. Counting machines are usually located near tellers’ windows where customers deposit their cash.

Communicate with the other bank records

The computer is also helpful for communicating with other banks. Banks cannot communicate without the help of computers because all the branches of the banks are connected with each other with the help of the computers which transfer the data and money within each branch. Banks use the WAN network for this purpose.

Print account statements

As the computer is used for many purposes in banks. One of the basic purposes of the computer is also to print the account statements of the account holders. These receipts are given to the customers as per their requirements.


An Automated Teller Machine (ATM) is a machine that allows customers to withdraw cash from their bank account or deposit cash into their bank account. In ATMs, computers are used. They are usually found at banks, convenience stores, supermarkets, gas stations, etc.

image showing the ATM machine

An ATM is a device that accepts deposits and withdrawals of cash through a network of computers. The machines are also known as automated teller machines, automatic teller machines, or ATMs.

Perform account calculations

As we know banks perform transactions at a high level. These transactions may be from 5000 to 50 million or billion. Hence it is impossible for employees to perform account calculations. Here the only way for calculations is through computers because the computer is only invented to perform calculations.

Frequently Asked Questions (FAQs)

Why banks are going to be digital?

Banks are going to be digital because through digital banking everyone can do their transaction sitting at home. They can pay bills, do online shopping, e-tickets, and do many other works without going physically.

How is a computer helpful in the bank?

Banks and other financial institutions rely heavily on computers to keep track of customer accounts, ledgers, updates, electronic fund transfers, and the processing of large amounts of cheques, credit cards, and transactions that take place on a daily basis.

Which type of computer is used in ATMs?

In Automated Teller Machine (ATM), mainframe computers are used to check your bank account. Today, these types of computers play a central role in the daily operations of some of the world’s largest corporations.

Is ATM a machine or a computer?

An automated teller machine, or ATM, is a specialized computer that enables bank account holders to check their account balances, withdraw money, deposit money, transfer money between accounts, print statements of account transactions, and even purchase stamps.