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

  • Settlement Date

    The date an exchange of funds will be reflected on the books of the Federal Reserve Bank.

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  • TEL (Telephone Initiated Entries)

    A standard entry class code that enables the originator to initiate a single entry debit to a consumer’s account pursuant to a consumer’s oral authorization obtained over...

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