Quick Definition

An Automated Teller Machine (ATM) is an electronic banking outlet that allows customers to complete basic transactions without the need for a branch representative.

Examples

• 1Withdrawing cash from an ATM at a local shopping mall.
• 2Depositing a paycheck into a bank account through an ATM.
• 3Checking account balances and recent transactions at an ATM.
• 4Transferring funds between linked accounts at an ATM.

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