ATM (Automatic Teller Machine) Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: ATM (Automatic Teller Machine)

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ATM (Automatic Teller Machine)

unmanned location where the insertion of a precoded credit or debit card and the entry of a pin number in a machine provides access to bank teller services, including cash. A small ($1-$1.50) transaction fee is typically charged, especially when the customer is not a client of the bank providing the service.

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