Automated teller machine

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Related to Cash dispensers: automated teller machine, ATM Machine

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 ?
A new survey just published in POST-NEWS predicts that the number of cash dispensers with these extra functions will expand rapidly over the next few years to reach perhaps 50 per cent of the total number installed.
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Makers of cash dispensers have denied that any security loophole exists from their end, but acknowledged that certain cases have come to their notice though these are not widespread.
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Det Chief Inspector Ken Donnelly, leading the inquiry, said: "This morning's arrests relate to a lengthy investigation over the past 12 months into seven attacks on ATM cash dispensers across the north of England and south of Scotland.
NORTH west MPs have condemned bank charges on cash dispensers.
Moneybox, who have 2400 cash dispensers in pubs and shops, said the number of transactions had shown signs of recovery in April.
HSBC customers were unable to withdraw money at many of the bank's cash dispensers or carry out transactions on its website.
Especially now we find that 40 per cent of the cash dispensers charge us, and some of them up to pounds 5.
Moneybox has contracts to manage 133 cash dispensers for banking groups including Bradford & Bingley and Abbey.
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