ANSWERS: 1
  • The Merriam-Webster Dictionary defines an ATM machine as "a computerized electronic machine that performs basic banking functions ... also called automated teller machine, automatic teller, automatic teller machine."

    ATM Cards

    ATM machines allow bank account holders, through the use of an ATM card, to access their accounts for a variety of purposes.

    Withdrawals

    ATM cards can be used by an account holder to withdraw cash from an ATM machine, up to limits established by the bank or credit union.

    Deposits

    Account holders can also deposit cash, checks or paychecks at an ATM machine.

    Foreign Currency

    Some ATMs are also capable of converting foreign currency.

    Account Status

    Account holders can also use an ATM machine to make inquiries about their account status and get printed statements.

    Source:

    Merriam-Webster Online

    Financial Web: Six Basic ATM Bank Card Functions

    Bank of America: Frequently Asked Questions about ATMs

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