Automated Teller Machine (ATM)

An automated teller machine (ATM) is a device that allows for the withdrawal of cash without the need of a human teller or cashier.

Related Terms

  • Demand Deposit Account

    Traditional savings and checking accounts are generally demand deposit accounts.

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  • E-Check (or echeck)

    E-Check payments are ACH payments that originate via the internet, telephone, point-of-sale (POS), or bill payment sent through the mail or unattended lockbox. For mail and lockbox...

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