what does atm mean

ATM stands for Automated Teller Machine. It is an unattended electronic machine that allows bank customers to perform various financial transactions at any time without visiting a bank branch. Customers use an electronic card and a Personal Identification Number (PIN) to access services such as cash withdrawals, checking account balances, transferring funds between accounts, and sometimes making cash or cheque deposits. This system promotes convenience and accessibility to banking services across the country.