INTRODUCTION
INTRODUCTION
The world is now a global village; as a result, there is increase in the volume of trades and investments. Due to
numerous transactions and the problem of insecurity in the system, using cash in the daily transactions creates a
very challenging situation. This calls for the use of cheques for buying and selling of goods and services because
dealing with banks in business activities seems to be better the option. Hence, Institute of Chartered Accountants
of India said that the Bank is an essential institution in a modern society. With the increase in the modern of trade,
commerce and business, business entities face difficulties in transacting in cash for each business activity.
Although, banks introduced the use of ATM and other electronic devices in the monetary transactions the devices
have their own limitations. To confirm this, Jegede C.A (2014) said that the relationship between banking
efficiency and the use of ATM (Automated Teller Machine) is a complex one. This is because the overall levels
of efficiency and productivity influence an organization overall success.