| Term | Definition |
|---|---|
| Automated Teller Machine (ATM) |
An automated teller machine or ATM is a standalone terminal that dispenses cash, accepts deposits, and allows customers to view the status of their accounts. ATMs are often available 24/7 and are frequently located in shopping areas, gas stations, hospitals, and in many businesses. Many ATMs are provided by banks for their customers to use freely, but charge customers of other banks a fee for withdrawal. Read more >>> |