Difference between revisions of "Automated teller machine"
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'''Automated teller machine''' commonly referred to as '''ATM''' is a kiosk-style machine that a [[bank]] provides customers access to personal savings and checking accounts, to withdraw or deposit [[money]]. The machine replaces interaction with bank branch staff (teller) and is conveniently accessible for 24 hours a day. Nearly all banks accept other banks transactions. Fees are typically $3 or higher for withdraws that take place on ATMs not owned by the customer's bank. | '''Automated teller machine''' commonly referred to as '''ATM''' is a kiosk-style machine that a [[bank]] provides customers access to personal savings and checking accounts, to withdraw or deposit [[money]]. The machine replaces interaction with bank branch staff (teller) and is conveniently accessible for 24 hours a day. Nearly all banks accept other banks transactions. Fees are typically $3 or higher for withdraws that take place on ATMs not owned by the customer's bank. | ||
| − | The number of ATM withdrawals consumers made in 2012 was 5.8 billion. <ref>[http://www.atmmarketplace.com/articles/fed-study-fills-in-the-numbers-for-atm-transaction-volumes-and-values/ Fed study fills in the numbers for ATM transaction volumes and values, ATM marketplace, July 29, 2014]</ref> | + | The number of ATM withdrawals consumers made in 2012 was 5.8 billion.<ref>[http://www.atmmarketplace.com/articles/fed-study-fills-in-the-numbers-for-atm-transaction-volumes-and-values/ Fed study fills in the numbers for ATM transaction volumes and values, ATM marketplace, July 29, 2014]</ref> |
==References== | ==References== | ||
Latest revision as of 15:27, June 24, 2016
Automated teller machine commonly referred to as ATM is a kiosk-style machine that a bank provides customers access to personal savings and checking accounts, to withdraw or deposit money. The machine replaces interaction with bank branch staff (teller) and is conveniently accessible for 24 hours a day. Nearly all banks accept other banks transactions. Fees are typically $3 or higher for withdraws that take place on ATMs not owned by the customer's bank.
The number of ATM withdrawals consumers made in 2012 was 5.8 billion.[1]