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The full form of ATM is Automated Teller Machine. ATM is very famous all across the globe for its wide usage. Let’s know more about ATM.

  • It is a banking outlet that works electronically.
  • ATMs enable users to complete basic money transactions without a representative of a branch or assistance from any teller.
  • One needs to have a debit card or a credit card to access cash from the ATMs.
  • Consumers can deposit, withdraw cash, pay bills and transfer money between accounts.
  • The bank, the operator of the ATM, or both generally charge fees for cash withdrawals.
  • ATM is also abbreviated as ‘ANY TIME MONEY’ because of its 24 hours availability.
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