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ATM stands for Automated Teller Machine. It’s a specialized computer that makes it convenient to manage your money. For example, almost all ATMs allow you to withdraw money, and many allow you to make deposits. At some ATMs, you can print a statement (a record of your account activity or transactions); check your account balances (the amount of money in your accounts right now); transfer money between your accounts; and even purchase stamps. You can usually access the most services at an ATM that’s operated by your own bank.

How do you use an ATM?
  • You insert an ATM or debit card
  • Enter a Personal Identification Number (PIN), a secret password that you create.
  • Then, select the banking service you require (deposit, withdrawal, transfer funds, etc.).
  • Click the Next button to continue.