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.