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.

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 ?
It is one of six areas in the UK where cash machines that charge fees for withdrawals outnumber those that offer consumers free access to their cash.
He said: "People are also being asked to be vigilant when using cash machines and to always remember to take their card and money with them.
Skimming machines are devices attached to cash machines which take personal data from users which can then be used by criminals.
Our clients can easily be approved tens-of-thousands of dollars in business credit within their first 6 months using the cash machine.
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.
Traders called the loss a death knell - but Rainhill Cllr Barrie Grunewald and St Helens South MP Shaun Woodward have convinced ATM operator Cash Machine to put a free point in the village.
The LINK Scheme connects almost every cash machine in the UK, free-to-use and pay-to-use.
In recent years the number of services that can be performed by a cash machine has grown, with consumers now able to check balances, order statements, pay bills and top up their mobile phones.
News of the task force came as HIM issued results of a survey commissioned by cash machine network Link suggesting that retailers installing fee-charging machines were missing a trick.
Until that happens, it suggests this checklist to avoid cash machine charges whenever possible:
If a cash machine swallows your card, even when the branch is closed, report the card lost or stolen anyway.
The popularity of the cash machine has grown enormously since the installation of the Bank's first machine in 1967.