Automated teller machine


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Automated teller machine (ATM)

Computer-controlled terminal located on the premises of financial institutions or elsewhere, though which customers may make deposits, withdrawals or other transactions as they would through a bank teller. Other terms sometimes used to describe such terminals are customer-bank communications terminal (CBCT) and remote service unit (RSU). Groups of banks sometimes share ATMs. Sometimes called Automated Banking Machines.

Automated Teller Machine

Commonly called an ATM. A computer program located in a kiosk allowing the user to conduct certain banking transaction. Most often, an ATM allows the user to withdraw cash, but one may also check the balance of an account, make a deposit, make a payment, or conduct other transaction. The user may be assessed a fee to use an ATM, especially if the user's account is at a bank other than the one that owns the ATM.
References in periodicals archive ?
Through December 31, 2004, the notice requirement in paragraph (c)(2) of this section does not apply to any automated teller machine that lacks the technical capability to provide such information.
The Los Angeles Police Federal Credit Union has posted signs noting that QuickDraw automated teller machines are installed in the lobbies of Los Angeles Police Department stations.
And, according to a new industry study, some are preparing to raise fees for using the increasingly popular automated teller machines.
is planning a vast expansion of its automated teller machines and will charge its own customers to use them.
banks to charge consumers new fees for the use of automated teller machines is adding fuel to congressional efforts to ban the fees, a consumer rights group reported.
Nearly one-quarter of automated teller machines charge a transaction fee to customers who do not have accounts with the bank that owns the machine, according to a consumer survey released Thursday.

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