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 and checking accounts, to withdraw or deposit [[money]]. The machine replaces interaction with bank branch staff 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 your 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 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 your 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> | ||
Revision as of 22:35, April 29, 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 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 your bank.
The number of ATM withdrawals consumers made in 2012 was 5.8 billion. [1]