Automated Teller Machine

An Automated Teller Machine is also called as automatic teller machine. It refers to computerized telecommunications device that offers the customers of a financial institution a secure way of performing financial transactions in a public space.

It has eliminated the need for a human clerk or a bank teller. With the help of an ATM, customers can get access to their bank accounts for making cash withdrawals or cash advances. They can also check their credit transactions.

Most of the ATMs allow their customers to deposit cash or checks, transfer money between their bank accounts, make the payment of bills and purchase various goods and services. ATM is known by many names. An automated banking machine, money machine, bank machine, cash machine, hole-in-the-wall or cash point are some of the names for ATM in various countries. A plastic card will be given to each customer for making financial transactions. Each customer will be given an account to perform these transactions.

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