Automated teller machine

(redirected from Bank machine)
Also found in: Dictionary, Thesaurus, Encyclopedia.
Related to Bank 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 ?
Ron Delnevo, managing director of Bank Machine, said: "This is the single biggest development both for charity and ATM services this millennium.
Global online cash payments provider, Ukash, and Bank Machine, an independent ATM operator, have announced that they have formed a team to offer card-less cash access at ATMs in the UK.
Ron Delnevo, Managing Director of Bank Machine, said: "We are always looking for locations which have a special need for a free to use ATM, and this is certainly one.
In July, two separate devices were discovered on separate bank machines in Newcastle city centre.
Raiders failed to steal the bank machine from the AIB bank on Main Street, Castleisland, Co Kerry
Bank Machine Ltd, which place the machines in shops and other spaces, launched five ATMs in East London that display prompts and options in Cockney language.
The long-term psychological impact of the recent financial crisis will mean people will continue to rely on the tangibility of notes and coins, according to the study which was carried out for ATM operator Bank Machine.
RON Delnevo, managing director of Bank Machine Ltd, said his firm specialised in putting free machines in places where others charged.
ATM operator Bank Machine launched the free-to-use machines in branches of Martin McColl's yesterday.