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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.
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