ATM

Automated Teller Machine

A specialized computer that allows bank customers to perform financial transactions, typically cash withdrawals, without needing a human teller. Customers can also use ATMs to check their account balances, deposit money or checks, and transfer funds between their accounts. A customer typically needs a physical debit or credit card and a Personal Identification Number (PIN) to use an ATM. ATMs are widely available and provide convenient access to banking services outside regular banking hours.

• Abbreviation: ATM