Automated Teller Machine - ATM

An electronic banking outlet, which allows customers to complete basic transactions without the aid of a branch representative or teller.

There are two primary types of automated teller machines, or ATMs. The basic units allow the customer to only withdraw cash and receive a report of the account's balance. The more complex machines will accept deposits, facilitate credit card payments and report account information. To access the advanced features of the complex units, you will usually need to be a member of the bank that operates the machine.

ATMs are scattered throughout cities, allowing customers easier access to their accounts. Anyone with a debit or credit card will be able to access most ATMs. Using a machine operated by your bank is usually free, but accessing funds through a unit owned by a competing bank will usually incur a small fee.

Investment dictionary. . 2012.

Look at other dictionaries:

  • automated teller machine — ► NOUN ▪ a machine that provides cash and other banking services on insertion of a special card …   English terms dictionary

  • automated teller machine — computerized bank machine where one can make transactions using a magnetic card …   English contemporary dictionary

  • automated teller machine — noun a machine that automatically provides cash and performs other banking services on insertion of a special card …   English new terms dictionary

  • AUTOMATED TELLER MACHINE - автоматический кассовый аппарат, автомат-кассир — автономное устройство, позволяющее клиенту выполнять необходимые ему банковские операции в отсутствие банковского персонала …   Словарь электронного бизнеса

  • automatic-teller machine. — See automated teller machine. Also called automatic teller. * * * …   Universalium

  • automatic-teller machine. — See automated teller machine. Also called automatic teller …   Useful english dictionary

  • automatic teller machine — au′tomatic tell′er machine n. cvb automated teller machine • Etymology: 1980–85 …   From formal English to slang

  • Automated cash handling — is the process of dispensing, counting and tracking cash in a bank, retail, check cashing, payday loan / advance, casino or other business environment through specially designed hardware and software for the purposes of loss prevention, theft… …   Wikipedia

  • teller — tell‧er [ˈtelə ǁ ər] noun [countable] especially AmE someone whose job is to receive and pay out money in a bank; = cashier Bre: • Tellers are now using on line real time systems to access customers accounts. * * * teller UK US /ˈtelər/ noun [C]… …   Financial and business terms

  • Teller — may refer to: * a bank teller, a bank employee responsible for receiving and disbursing money; sometimes referred to as a cashier * a Teller (elections) who counts the votes in an election * an automated teller machine * a fortune teller, someone …   Wikipedia

  • bank machine — Canadian Slang a common term for an automated teller machine. Short for automated bank machine …   English dialects glossary

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