(also automatic teller machine, abbreviation: ATM)
Definition of automated teller machine in English:
A machine that automatically provides cash and performs other banking services on insertion of a special card by the account holder.
- Regulators are particularly worried that some banks provide the service even at automated teller machines (ATMs).
- Payment cards also may enable the customer to obtain cash and access other bank services from an automated teller machine.
- Some are structured so that a cardholder pays a fee every time the card is used in an automated teller machine or at a cash register.
Definition of automated teller machine in:
- British & World English dictionary