ATM stands for Automated Teller Machine.
|Full Form||Automated Teller Machine|
|Category||Business » Banking|
What is ATM?
An Automated Teller Machine (ATM) is a machine that allows customers to withdraw cash from their bank account. They are usually located in banks and other financial institutions. Customers use an ATM to access their account balance and make transactions.
An ATM typically has three screens. The first screen shows the account balance, the transaction history, and the available funds. The second screen displays the customer’s current withdrawal options. The third screen allows customers to make a withdrawal.
Customers can also use ATMs to deposit money into their bank account. They use the same machines to dispense cash and to make withdrawals.