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 ?
APRIL 3, 2019 Thieves tore a cash machine from the wall of a bank in Castleblayney, Co Monaghan.
A sledgehammer left at scene of an attempted cash machine robbery at the Co-operative store on Old Bank Road in Mirfield and, inset, what appears to be a hosepipe was left behind
ATM network Link's latest plan aims to safeguard the future of cash machines in rural areas, by paying the operators enhanced premiums every time a customer uses them to withdraw cash.
The provider in control of cash machines atSouthern Railoperated stations say that they were "left with no choice" but to introduce charges to withdraw cash.
"Through the Cash Machine entrepreneurs can quickly access the cash and credit they need to grow their business."
LINK, the UK's cash machine network, has also released figures showing that pounds 20 million was lost in the first half of 2009 due to fraud at cash machines.
It followed an appeal by the Daily Post and the businesses and shoppers of Dane Court Shopping Centre for a cash machine and free parking.
It believes the agreement obliging operators to warn of charges is interpreted loosely by some: warning signs placed at knee height, or printed in the same colour as the cash machine, can be difficult to read.
AMONG the many facilities available at Cheltenham, none is more profoundly useful than the temporary cash machine near the paddock.
Midland are also penalising customers who use a cash machine outside their network.
FEBRUARY 15 2019 Using a digger, thieves tore the cash machine from the wall of Glendale filling station on the Killyclogher Rod near Omagh, Co Tyrone.