Automated teller machine

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Related to Automated banking machine: cash dispenser, automated teller machine, ATMS

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 ?
Uruguay's fourth-largest private bank, NBC operates its largest retail-banking network with 49 branches, 710 employees and 85 automated banking machines. It also has a three-branch subsidiary in Brazil.
It also gained exclusive rights to offer banking services through automated banking machines and branches.

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