n. a device for dispensing cash, receiving deposits and performing other banking functions upon presentation of the proper authorization
An ATM is an electronic banking terminal that allows you to perform everyday financial transactions such as withdrawing cash, transferring funds between accounts, checking balances, and making deposits, through the use of a Check/ATM Card and a personal identification number. ertificate of Deposit (CD) A Certificate of Deposit is an investment account that must remain on deposit for a specific period of time. A request for early withdrawal may be subject to penalty. Certificates of Deposit are insured by the National Credit Union Administration (NCUA) and offer a generally higher dividend rate than savings and money market accounts. The dividend rate is guaranteed until the maturity date (unless specified otherwise).
an unattended machine (outside some banks) that dispenses money when a personal coded card is used
a banking terminal which enables the acceptance of both the deposits and dispensing of cash
See automated banking machine.
A self-service banking terminal linked to a bank's main computer through a network.
a special-purpose transaction terminal used to provide remote banking services
A machine that can do many of the same things a bank teller can. If you have an ATM card and your personal identification number, you can deposit or withdraw cash, check your account balance, and do many other things.
When you need to access your money outside of normal office hours, you can use ATMs. ATMs are used by inserting your card (for example, your RediCard) into the ATM. Your card contains information about you and your account. To verify that you are the owner of both the card and account, you are required to enter your Personal Identification Number. With your card you can withdraw and even deposit money - although withdrawals are more common. Most accounts also allow you to obtain balances through an ATM as well as details about recent transactions.
A machine that bank customers use to make transactions without a human teller.
A self-service unit that allows, with a suitable identification and account relationship, financial transactions, e.g. a cash withdrawal. In telecommunications context, asynchronous transfer mode.
A machine placed in supermarkets, outside banks and other public places that can be used to withdraw money from your account. Some ATMs accept cash deposits and cheques, provide current account balances, transfer money between your accounts and repay credit cards. Many ATMs can be accessed 24 hours a day.
