Automated Teller Machine (ATM)

Great — you're referring to an Automated Teller Machine (ATM). An ATM is an electronic banking outlet that allows customers to complete basic transactions without the need for a teller or branch representative.

Key Functions of an ATM:

Cash Withdrawal – Withdraw money from a bank account.

Balance Inquiry – Check your account balance.

Deposits – Deposit cash or checks (at deposit-enabled ATMs).

Fund Transfers – Transfer money between linked accounts.

PIN Change – Update or change your Personal Identification Number.

Basic Components of an ATM:

Card Reader – Reads the chip or magnetic stripe on your debit/credit card.

Keypad – For entering your PIN and other data.

Display Screen – Provides instructions and transaction info.

Cash Dispenser – Dispenses money.

Receipt Printer – Prints transaction receipts.

Deposit Slot (optional) – For inserting cash or checks.