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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
"There is already an existing process to ensure that banks cannot increase the ATM fee on their own," she stressed.
'At any rate, we expect declining use of ATM as the digital wallet and e-payment system gets to be mainstreamed soon, [which will] be used by more and more Filipinos,' Lopez said.
Additionally, they chose to strike just after two of the ATMs had been reloaded with cash.
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Cashzone said fee changes by ATM network LINK mean banks pay it less for a cash withdrawal.
The first responsibility for Continuing Professional Education is held by every ATMS Accredited Member.
Accordingly, from January onwards, we shall progressively start shutting down the ATMs," he said.
Link's figures also show that, of the total free-to-use cash machine network, the number of ATMs reduced by 1,400 between the end of January and the start of August, leaving 53,100 remaining.
"With our mixed fleet, we do have involvement with the other machines, but I definitely see the advantage of having ATMs with Dolphin.
'DBP continues to improve its accessibility to its products and services by consistently growing its ATM network,' Borromeo said.
Apple Pay, Google Pay and Samsung Pay) and then using the nearfield communications (NFC) tap-and-pay technology built in to the mobile device at the ATM in conjunction with a PIN.
In the statement made available to the News Agency of Nigeria (NAN), Ezirim said that about 402,102 bill payments were made through Firstbank's ATMs in 2017, while airtime worth about N1.7 billion was purchased through the machines.