Automated Teller Machine (ATM)

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

  • ACH Debit

    An ACH debit occurs when the receiver’s account is debited.

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  • MTE (Machine Transfer Entry)

    An entry initiated at an electronic terminal, such as an automated teller machine (ATM). This entry can either be a debit or a credit.

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