ATM

An ATM, or Automated Teller Machine, is an electronic outlet customers can use to perform simple banking operations without the aid of a human bank teller. While most commonly associated with cash withdrawals, ATMs also enable users to make deposits, transfer funds, and make balance inquiries. More advanced machines may also offer various other features depending on the type of bank.

ATMs require the use of a physical bank card as well as a personal identification code (PIN). These machines access data from banks and process transactions in real time via a complex computer network.

While most larger banks offer their own network of locations, the majority of these machines can also connect with outside financial institutions (typically with an additional fee). Private entities such as convenience stores may have their own in-house ATMs; these also often require an additional usage fee, and are generally considered less safe to use than bank-owned machines.